CEM News and Press, ClearBridge MLP and Midstream Fund Inc. From 10/15/23

2023-10-15 04:00:00 ET Summary ClearBridge is a leading global asset manager committed to active management. Research-based stock selection guides our investment approach, with our strategies reflecting the highest-conviction ideas of our portfolio managers. A sharp rise in yields...

2023-10-13 11:00:00 ET Summary ClearBridge is a leading global asset manager committed to active management. Research-based stock selection guides our investment approach, with our strategies reflecting the highest-conviction ideas of our portfolio managers. A historically wide di...

2023-10-13 10:10:00 ET Summary ClearBridge is a leading global asset manager committed to active management. Research-based stock selection guides our investment approach, with our strategies reflecting the highest-conviction ideas of our portfolio managers. A sharp rise in long-t...

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 September 30, 2023. As of September 30, 2023, the Fund’s net assets were $555.2 million, and its net ass...

2023-09-13 08:00:00 ET Summary Enhanced incentives in the Inflation Reduction Act are making more carbon capture projects a near-term reality, and midstream companies are playing key supporting roles. Exxon has signed a 25-year agreement with EnLink for the transportation of captu...

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 August 31, 2023. As of August 31, 2023, the Fund’s net assets were $558.5 million, and its net asset val...

2023-09-06 08:00:00 ET Summary After years of hefty spending to facilitate tremendous US energy production growth, midstream companies are reaping cash flows from past projects and spending a lot less, leading to excess cash. Large midstream companies are expected to generate bill...

2023-08-30 08:00:00 ET Summary Utilities and midstream can provide similar portfolio benefits and may be found together in the income or real asset sleeves of portfolios. A long-term correlation between utilities and midstream/MLPs is relatively low at around 0.3, highlighting imp...

2023-08-23 08:00:00 ET Summary Nine constituents in the broad Alerian Midstream Energy Index (AMNA) spent a combined $1.1 billion on equity repurchases in 2Q23. Corporations were more active with buybacks this quarter than MLPs, with some companies prioritizing other uses of capit...

2023-08-11 02:20:00 ET Summary Investment-grade energy companies face material financial risk from the energy transition, driving our engagement to assess their positioning. We regularly engage with companies to communicate our belief that issuers should provide robust environment...