ClearBridge American Energy MLP Fund Inc. (NYSE:CBA) held a live conference call on September 12, 2013 to provide an update on the Fund’s performance and investment activities since its initial public offering on June 26, 2013. Portfolio managers, Michael Clarfeld and Chris Eades, from ClearBridge Investments, LLC, discussed the Fund’s investment portfolio and outlook and then concluded with a question and answer session. Investors can access the replay of this call by phone or by visiting our website:
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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 information, please call 1-888-777-0102 or consult the Funds’ website at www.lmcef.com.SYMBOLS: NYSE: CBA, CTR, CEM, EMO