ClearBridge Energy MLP Total Return Fund Inc. (NYSE: CTR) will hold a live conference call to provide an update on its investment activities since its initial public offering on June 27, 2012. ClearBridge Advisors’ portfolio managers, Michael Clarfeld and Chris Eades, will discuss the Fund's investment portfolio, give an update on the MLP sector and outlook, and hold a question and answer session.
Conference Call Dial-in Information:
Date: September 18, 2012
Time: 4:00 p.m. (Eastern Time)
USA Toll Free Number: 1-866-515-4784
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 energy master limited partnerships (MLPs) with a focus on MLPs with higher distribution growth rates.
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 energy master limited partnerships (“MLPs”). Under normal market conditions, the Fund will invest at least 80% of its Managed Assets in energy MLPs (the “80% policy”). For purposes of the 80% policy, 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.