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ClearBridge American Energy MLP Fund Inc. Portfolio Composition as of September 30, 2017

NEW YORK, Nov 07, 2017 (BUSINESS WIRE) --

ClearBridge American Energy MLP Fund Inc. (NYSE:CBA) announces its portfolio composition as of September 30, 2017.

Investment Objective: The Fund seeks to provide a high level of total return, with an equal emphasis on current distributions and capital appreciation.

Investment Strategy: The Fund seeks to achieve its objective by investing primarily in US-based master limited partnerships ("MLPs") in the energy sector. Initially, the Fund intends to focus its investments on MLPs that, in the Fund's opinion, are poised to benefit from the growing production and usage of natural gas, while minimizing exposure to commodity price fluctuations. 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.

                                        
Portfolio Composition:*
------------------------------------
Diversified Energy Infrastructure                                                                                         38.3%
Liquids Transportation & Storage                                                                                          25.8%
Gathering/Processing                                                                                                      19.2%
Natural Gas Transportation & Storage                                                                                      10.6%
Propane                                                                                                                    3.2%
Shipping                                                                                                                   1.0%
Cash                                                                                                                       1.8%
                                                                                
Top 10 Holdings
------------------------------------
Enterprise Products Partners LP                                                                                            7.6%
Buckeye Partners LP                                                                                                        5.1%
Energy Transfer Partners LP                                                                                                4.9%
Genesis Energy LP                                                                                                          4.9%
EnLink Midstream Partners LP                                                                                               4.8%
Magellan Midstream Partners LP                                                                                             4.6%
Cheniere Energy Partners LP                                                                                                4.4%
Oneok Partners LP MLP NPV                                                                                                  4.4%
Brookfield Infrastructure                                                                                                  4.2%
Enbridge Energy Partners LP                                                                                                4.2%
                                                                                
Portfolio Statistics:
------------------------------------
Inception Date                                                                                                    June 26, 2013
Inception Price                                                                                                          $20.00
Total Assets                                                                                                       $768,545,947
Net Assets**                                                                                                       $538,982,357
                                                                                                                          5.89%
         Loans***
                                                                                                                         20.29%
         Fixed Rate Notes***
                                                                                                                           0.0%
         Reverse Repos***
                                                                                                                          3.27%
         Preferred Shares***
                                                                                
Market Price:                                                                                                             $8.57
NAV                                                                                                                       $9.20
(Daily NAV is available on market quotation systems using the symbol
XCBAX.)
                                                                                
Distribution Rate                                                                                             $0.2000 per share
Frequency                                                                        Quarterly (declared quarterly, paid quarterly)
                                                                                
         
*                                                                  Portfolio holdings and weightings are historical and are presented
                                                                   here for informational purposes only. They are subject to change at
                                                                   any time.
**                                                                 The difference between total assets and net assets, if any, is due
                                                                   primarily to the Fund's use of borrowings and other liabilities; net
                                                                   assets do not include borrowings. The Fund may employ leverage in
                                                                   the form of loans, preferred stock, reverse repurchase agreements
                                                                   and/or other instruments. When the Fund engages in transactions that
                                                                   have a leveraging effect on the Fund's portfolio, the value of the
                                                                   Fund will be more volatile and all other risks will tend to be
                                                                   compounded.
***                                                                Percentages are based on total assets.
                                                                    

ClearBridge American Energy MLP Fund Inc. is a non-diversified, closed-end management investment company which is advised by Legg Mason Partners Fund Advisor, LLC ("LMPFA") and subadvised by ClearBridge Investments, LLC ("ClearBridge"). LMPFA and ClearBridge are wholly owned subsidiaries of Legg Mason, Inc.

An investment in the Fund involves risk, including loss of principal. The Fund's concentration of investments in energy related MLPs subject it to the risks of investing in MLPs and the energy sector. Investment return and the value of shares will fluctuate.

Data and commentary provided in this press release are for informational purposes only. Legg Mason and its affiliates do not engage in selling shares of the Fund.

For more information, please call Fund Investor Services at 1-888-777-0102, or consult the Fund's web site at http://www.lmcef.com. Hard copies of the Fund's complete audited financial statements are available free of charge upon request.

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20171107005425r1&sid=cmtx6&distro=nx&lang=en

View source version on businesswire.com: http://www.businesswire.com/news/home/20171107005425/en/

SOURCE: ClearBridge American Energy MLP Fund Inc.

For ClearBridge American Energy MLP Fund Inc. 
Maria Rosati, 1-212-805-6036 
mrosati@leggmason.com

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