Legg Mason and ClearBridge Announce Conference Call to Discuss ClearBridge American Energy MLP Fund Inc. (NYSE: CBA)
NEW YORK--(BUSINESS WIRE)-- ClearBridge American Energy MLP Fund Inc. (NYS: CBA) will hold a live conference call to provide an update on its investment activities since its initial public offering on June 26, 2013. Portfolio managers, Michael Clarfeld and Chris Eades, from ClearBridge Investments, LLC, will discuss the Fund's investment portfolio, give an update on the energy master limited partnership (MLP) sector and outlook, and hold a question and answer session.
Conference Call Dial-in Information:
Date: September 12, 2013
Time: 4:00 p.m. (Eastern Time)
USA Toll Free Number: 1-877-456-4467
A replay of the call will be made available and instructions on how to access the replay will be provided at a future date by press release.
The Fund offers portfolio of MLPs that may benefit from the growing production and usage of natural gas.
The Fund's investment objective is to provide a high level of total return, consisting of cash distributions and capital appreciation. There can be no assurance that the Fund will achieve its investment objective.
The Fund seeks to achieve its objective by investing primarily in MLPs. Under normal market conditions, the Fund will invest at least 80% of its Managed Assets in U.S. based energy MLPs. Currently, the Fund intends to focus its investments on MLPs that, in ClearBridge's opinion, are poised to benefit from the growing production and usage of natural gas, while minimizing exposure to commodity price fluctuations. The Fund considers investments in MLPs to include investments that offer economic exposure to public and private MLPs in the form of MLP equity securities, securities of entities holding primarily general partner or managing member interests in MLPs, securities that are derivatives of interests in MLPs, including I-Shares, exchange-traded funds that primarily hold MLP interests and debt securities of MLPs. 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. "Managed Assets" means net assets plus the amount of any borrowings and assets attributable to any preferred stock of the Fund that may be outstanding. Currently, the Fund has no intention of issuing preferred stock.
ClearBridge American Energy MLP Inc. is a non-diversified closed-end investment management company traded on the New York Stock Exchange under the symbol "CBA". The Fund is advised by Legg Mason Partners Fund Advisor, LLC, a wholly owned subsidiary of Legg Mason, Inc., and is sub-advised by ClearBridge Investments, LLC, an affiliate of the advisor.
Legg Mason affiliated investment advisors comprise the 6th largest closed-end fund manager in the U.S., with $12.8 billion in closed-end fund assets under management as of June 30, 2013.
All data and commentary provided is for informational purposes only. Legg Mason, Inc. and all of its affiliates do not engage in selling any of the shares of this Fund.
For more informationplease call 1-888-777-0102 or consult the Fund's website at www.lmcef.com.
NYSE: CBA; CEM; CTR; EMO
ClearBridge American Energy MLP Fund Inc.
Maria Rosati, 212-805-6036
KEYWORDS: United States North America New York
The article Legg Mason and ClearBridge Announce Conference Call to Discuss ClearBridge American Energy MLP Fund Inc. (NYS: CBA) originally appeared on Fool.com.
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