CEM: A Good Midstream Fund, If The Yield Is High Enough For You [Seeking Alpha]
ClearBridge MLP and Midstream Fund Inc. (CEM)
US:NYSE Investor Relations:
leggmason.com/en-us/products/closed-end-funds/clearbridge-energy-mlp-fund-inc.html
Company Research
Source: Seeking Alpha
The fund has a lower yield than its peers but has shown strong performance, outperforming the S&P 500 Index over one and three years. The fund employs leverage below the industry average, covers distributions with excess investment profits, and trades at a 4.30% discount to net asset value. The fund is holding an enormous cash position right now, but this seems to be the result of an upcoming repurchase tender offer. Midstream companies have performed very well despite today's high-interest rate environment, which might be a positive sign going forward. The ClearBridge MLP and Midstream Fund Inc. NYSE: CEM ) is a closed-end fund, or CEF, that investors can use to gain exposure to energy infrastructure companies, including those structured as master limited partnerships, without the hassle of dealing with K-1 income Recommended For You Recommended For You About CEM Ticker More on CEM Related Stocks Trending Analysis Trending News
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CEM
News
- ClearBridge MLP And Midstream Fund Inc. Announces Final Results of Issuer Tender Offer for Common Stock and Anticipated Date of MergerBusiness Wire
- ClearBridge MLP and Midstream Fund Inc. Announces Unaudited Balance Sheet Information as of May 31, 2024Business Wire
- ClearBridge MLP and Midstream Fund Inc. Announces Tender Offer DetailsBusiness Wire
- ClearBridge MLP and Midstream Fund Inc. Announces Unaudited Balance Sheet Information as of April 30, 2024Business Wire
- Franklin Templeton Fund Adviser, LLC Announces Distributions for the Month of May 2024Business Wire
CEM
Sec Filings
- 6/11/24 - Form 4
- 6/11/24 - Form 3
- 6/11/24 - Form SC
- CEM's page on the SEC website