ClearBridge American Energy MLP Fund Inc. Portfolio Composition as of June 30, 2018
NEW YORK--(BUSINESS WIRE)--Aug 2, 2018--ClearBridge American Energy MLP Fund Inc. (NYSE: CBA) announces its portfolio composition as of June 30, 2018.
Investment Objective: The Fund seeks to provide a high level of total return, with an equal emphasis on current distributions and capital appreciation.
Investment Strategy: The Fund seeks to achieve its objective by investing primarily in US-based master limited partnerships (“MLPs”) in the energy sector. Initially, the Fund intends to focus its investments on MLPs that, in the Fund’s opinion, are poised to benefit from the growing production and usage of natural gas, while minimizing exposure to commodity price fluctuations. Energy entities are engaged in the business of exploring, developing, producing, gathering, transporting, processing, storing, refining, distributing, mining or marketing natural gas, natural gas liquids (including propane), crude oil, refined petroleum products or coal.
ClearBridge American 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.
An investment in the Fund involves risk, including loss of principal. The Fund’s concentration of investments in energy related MLPs subject it to the risks of investing in MLPs and the energy sector. Investment return and the value of shares will fluctuate.
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.
For more information, please call Fund Investor Services at 1-888-777-0102, or consult the Fund’s web site at http://www.lmcef.com. Hard copies of the Fund’s complete audited financial statements are available free of charge upon request.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180802005943/en/
CONTACT: For ClearBridge American Energy MLP Fund Inc.
Fund Investor Services, 1-888-777-0102
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: ClearBridge American Energy MLP Fund Inc.
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PUB: 08/02/2018 05:00 PM/DISC: 08/02/2018 05:01 PM