CEM News and Press, ClearBridge MLP and Midstream Fund Inc. From 08/23/22

Last quarter, we discussed the ongoing trends of sticky inflation and a hawkish Federal Reserve. These trends accelerated in Q2 as the U.S. Consumer Price Index rose again to 9.1% in June. Equity volatility remains elevated, but strategies such as covered calls can offer compelling op...

"What's Working" is Dominated by Energy this Week, while "What's Not Working" is led by Crypto. We Profile a Stock from our "Bounce Back" List: Alteryx. Retail Earnings were "Better-Than-Feared." Brian Dress, CFA -- Director of Research, Investment Advisor As...

This market crash has served up some terrific opportunities in closed-end funds (CEFs), many of which are throwing off safe 7%+ dividends today. Dividends of that size, of course, are critical today, as we look to offset rising inflation. And I think we can all agree that a CD or Treasu...

19 out of 23 CEF sectors positive on price and 17 out of 23 sectors positive on NAV last week. SMM will pay a "Saba special distribution", funded by management. ZTR rights offering is now live. Author’s note: This article was released to CEF/ETF Income Laborator...

Midstream dividend trends remained positive for 2Q22, with a few examples of growth and no cuts. Comparing 2Q22 payouts with 2Q21, more than 80% of the Alerian Midstream Energy Index (AMNA) and Alerian MLP Index (AMZ) by weighting have grown their payouts. Combining the strong yea...

ZTR is a multi-asset closed end fund that follows a 60/40 equity - fixed income allocation. The CEF was down almost 10% yesterday on the back of calm equities and bond markets. Our analysis goes through all the factors that could have been responsible for this move and provides a ...

What's Working are the "Risk On" sectors and What's Not Working is Energy. We saw a number of earnings highlights, including Starbucks and EPAM Systems. Retail continues to be challenged. Brian Dress, CFA -- Director of Research, Investment Advisor No matter how ...

ClearBridge MLP and Midstream 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, 2022. As of July 31, 2022, the Fund’s net assets were $540.5 million, and its net ass...

Fixed income and equity CEFs posted their best monthly NAV-based returns since November 2020. For the second month in three, equity CEFs on average witnessed plus-side returns, climbing 5.75% on a NAV basis for July. While for the first month in seven, fixed income CEFs posted ret...

The Permian’s abundant resources, favorable economics, established infrastructure, and relative proximity to end markets will result in continued volume growth. While some of the largest public Permian producers are only growing modestly, the integrated majors and private explo...