ClearBridge MLP and Midstream Fund Inc.

CEM

Market cap $593M

NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.

ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE: CTR) (the “Fund”) announced today the expiration and preliminary results for its issuer tender offer for up to 50% of the outstanding shares of common stock (“Shares”) of the Fund (the “Tender Offer”). The Tender Offer expired on Thursday, June 20, 2024 at 5:00 p.m., New York City time.

ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM) (the “Fund”) announced today the final results for its issuer tender offer for up to 50% of the outstanding shares of common stock (“Shares”) of the Fund (the “Tender Offer”). The Tender Offer expired on Thursday, June 20, 2024 at 5:00 p.m., New York City time.

ClearBridge MLP and Midstream Fund Inc. offers exposure to energy infrastructure companies without K-1 forms, suitable for tax-advantaged accounts. The fund has a lower yield than its peers but has shown strong performance, outperforming the S&P 500 Index over one and three years. The fund employs leverage below the industry average, covers distributions with excess investment profits, and trades at a 4.30% discount to net asset value.

A small closed-end fund you likely have never heard of is beating the popular SPDR S&P 500 (SPY), Schwab US Dividend Equity (SCHD), and Invesco QQQ (QQQ) this year.  It is doing this while investing in some of the most boring assets in the United States and trading at a 3.

NEW YORK--(BUSINESS WIRE)--Category: Financials.

NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.

NEW YORK--(BUSINESS WIRE)--Category: Financials.

NEW YORK--(BUSINESS WIRE)--Category: Distribution Related.

NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.