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ClearBridge MLP and Midstream Fund Inc (CEM)
- Business Wire
ClearBridge MLP and Midstream Fund Inc. Announces Unaudited Balance Sheet Information as of October 31, 2020
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 October 31, 2020.
- Business Wire
ClearBridge MLP and Midstream Fund Inc. Announces Unaudited Balance Sheet Information as of September 30, 2020
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, 2020.
- Barrons.com
These 6 Pipeline Funds Offer a Cheap Way to Play a Rebound in Energy
Big pipeline operators like (EPD) (ticker: EPD), (MMP) (MMP), and (KMI) (KMI) are down an average of 44% this year, while the Alerian MLP index is off about 50%. The closed-end funds that focus on pipeline companies generally trade at discounts to their net asset values of 20% or more—the widest in the U.S. closed-end fund market, where the average discount is less than 10%. “You’re buying the funds at a discount to an asset class that is already discounted,” notes Rob Thummel, a portfolio manager at Tortoise, which runs a group of closed-end funds focused on energy infrastructure.
