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Standard & Poor's Initiates Factual Stock Report Coverage on ClearBridge Energy MLP Fund Inc.

NEW YORK, Nov 12, 2010 (BUSINESS WIRE) -- Standard & Poor's announced today that it has commenced Factual Stock Report coverage on ClearBridge Energy MLP Fund Inc.

ClearBridge Energy MLP Fund Inc. (NYS: CEM) is a non-diversified, closed-end management investment company. The fund's investment objective is to provide a high level of total return with an emphasis on cash distributions.

Under normal market conditions, the fund will invest at least 80% of its managed assets in MLPs in the energy sector. 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 equity securities of MLPs, securities of entities holding primarily general partner or managing member interests in MLPs, securities that are derivatives of interests in MLPs, including I-Shares, and debt securities of MLPs. The fund considers an entity to be within the energy sector if it derives at least 50% of its revenues from 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. When a company is organized as a MLP, it benefits from a structure that combines the tax benefits associated with limited partnerships with the liquidity of publicly traded securities.

The fund may invest up to 20% of its managed assets in securities of issuers that are not MLPs. This 20% allocation may include securities of non-MLP companies engaged primarily in the energy sector. Such issuers may be treated as corporations for U.S. federal income tax purposes and, therefore, may not offer the tax benefits of investing in MLPs.

S&P Factual Stock Report coverage on ClearBridge Energy MLP Fund Inc. will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. Please visit www.leggmason.com/cef for additional information.

About Standard & Poor's Factual Stock Reports This Standard & Poor's service provides factual research coverage enabling information about ClearBridge Energy MLP Fund Inc. and other securities to reach a wide investor audience of Buy and Sell-side investors, helping them understand a company's fundamentals and business prospects. Currently profiling over 500 issuers, S&P Factual Stock Reports increase market awareness for issuers in the investment community with insightful commentary and key statistics/information.

Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, Industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is sponsored by the issuer, S&P does not offer investment opinions concerning the advisability of investing in these stocks.

Standard & Poor's Factual Stock Reports are produced separately from any other analytic activity of Standard & Poor's. Standard & Poor's Factual Report research has no access to non-public information received by other units of Standard & Poor's. Standard & Poor's does not trade on its own account.

Note: All U.S. and Canadian Companies listed on a National Exchange (not covered by S&P's STARS research) are eligible to obtain this coverage.

About Standard & Poor's Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 10,000 employees, including wholly owned affiliates, located in 23 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6509689&lang=en SOURCE: Standard & Poor's CONTACT: ClearBridge Energy MLP Fund Inc. Fund Services, 1-888-777-0102 or Standard & Poor's Customers: Richard Albanese, 212-438-3647 richard_albanese@standardandpoors.com or Media Relations: Michael Privitera, 212-438-6679 michael_privitera@standardandpoors.com Copyright Business Wire 2010 -0- KEYWORD: United States

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