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ClearBridge Energy MLP Fund Inc. Announces Unaudited Balance Sheet Information as of July 31, 2014

August 7, 2014

NEW YORK--(BUSINESS WIRE)-- ClearBridge Energy MLP Fund Inc. (NYSE: CEM) announced today the unaudited statement of assets and liabilities, the net asset value and asset coverage ratio of the Fund as of July 31, 2014. The information stated below will be provided by the 5th business day of each month.

As of July 31, 2014, the Fund’s net assets were $2,028.7 million, and its net asset value per share was $29.26. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to total leverage was 502%.

     
As of July 31, 2014
   

Amount (millions)

Per Share

 
Investments $ 3,102.9 44.75
Cash and Cash Equivalents 28.4 0.41
Other Assets   27.0   0.39  
Total Assets $ 3,158.3 $ 45.55  
 
Senior Notes* $ 442.0 $ 6.37
Loan Outstanding*   60.0   0.87  
Total Leverage $ 502.0 $ 7.24  
 
Deferred Tax Liability $ 609.0 $ 8.78
Other Liabilities   18.6   0.27  
Total Liabilities $ 627.6 $ 9.05
   
Net Assets $ 2,028.7 $ 29.26  
 
Outstanding Shares 69,335,796
 
* As of July 31, 2014, the Fund's asset coverage ratio under the 1940 Act was 502%.
 
 
Top Ten Holdings (as of July 31, 2014)**
Market Value
Name       (millions) % of Investments ***
Enterprise Products Partners LP $ 253.2 8.1 %
Energy Transfer Equity LP 225.1 7.2 %
Magellan Midstream Partners LP 189.5 6.1 %
Plains All American Pipeline LP 186.0 5.9 %
Kinder Morgan Management LLC Shares 181.2 5.8 %
Targa Resources Partners LP 152.0 4.9 %
MarkWest Energy Partners LP 137.0 4.4 %
Access Midstream Partners LP 114.9 3.7 %
DCP Midstream Partners LP 113.0 3.6 %
Energy Transfer Partners LP   107.0   3.4 %
$ 1,658.9   53.1 %
 
**Subject to change at any time
***Percent of Total Investments
 


ClearBridge Energy MLP Fund Inc. is a non-diversified, closed-end management investment company which is advised by Legg Mason Partners Fund Advisor, LLC (“LMPFA”) and subadvised by ClearBridge Investments, LLC (“ClearBridge”). LMPFA and ClearBridge are wholly owned subsidiaries of Legg Mason, Inc. (“Legg Mason”).

This financial data is unaudited.

The Fund files its semi-annual and annual reports with the Securities and Exchange Commission, as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year on Form N-Q. These reports are available on the Commission’s website at www.sec.gov. To obtain information on Form N-Q or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.

For more information, please call 1-888-777-0102 or consult the Fund’s web site at www.lmcef.com.

Data and commentary provided in this press release are for informational purposes only. Legg Mason and its affiliates do not engage in selling shares of the Fund.




ClearBridge Energy MLP Fund Inc.

Maria Rosati, 212-805-6036

mrosati@leggmason.com

Source: ClearBridge Energy MLP Fund Inc.


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