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ClearBridge MLP & Midstream Fund's tax expense for the months ended in Nov. 2023 was $12.80 Mil. Its tax expense for the trailing twelve months (TTM) ended in Nov. 2023 was $16.59 Mil.
The historical data trend for ClearBridge MLP & Midstream Fund's Tax Expense can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ClearBridge MLP & Midstream Fund Annual Data | |||||||||||
Trend | Nov19 | Nov20 | Nov21 | Nov22 | Nov23 | ||||||
Tax Expense | -4.41 | -3.94 | -3.40 | 2.05 | 16.59 |
ClearBridge MLP & Midstream Fund Semi-Annual Data | |||||||||
Nov19 | May20 | Nov20 | May21 | Nov21 | May22 | Nov22 | May23 | Nov23 | |
Tax Expense | Get a 7-Day Free Trial | -0.61 | - | 2.06 | 3.80 | 12.80 |
Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.
Tax Expense for the trailing twelve months (TTM) ended in Nov. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $16.59 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ClearBridge MLP & Midstream Fund (NYSE:CEM) Tax Expense Explanation
In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.
Thank you for viewing the detailed overview of ClearBridge MLP & Midstream Fund's Tax Expense provided by GuruFocus.com. Please click on the following links to see related term pages.
Saba Capital Management, L.p. | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Oliveira Marc De | officer: Secretary/Chief Legal Officer | C/O LEGG MASON & CO. LLC, ONE FIRST STAMFORD PLACE, STAMFORD CT 06902 |
Boaz Weinstein | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Jasna Dolgov | other: General Counsel/Subadviser | CLEARBRIDGE INVESTMENTS, 620 EIGHTH AVENUE, NEW YORK NY 10018 |
Guardian Life Insurance Co Of America | 10 percent owner | 10 HUDSON YARDS, NY NY 10001 |
Mutual Of Omaha Insurance Co | 10 percent owner | 3300 MUTUAL OF OMAHA PLAZA, OMAHA NE 68175 |
United Of Omaha Life Insurance Co | 10 percent owner | MUTUAL OF OMAHA PLZ 3RD FLOOR LAW, ATTN: JAN BROCKMAN, OMAHA NE 68175-1008 |
Daniel P Cronin | director | 235 EAST 42ND ST, NEW YORK NY 10017 |
William R Hutchinson | director | 535 N MICHIGAN STE 1012, CHICAGO IL 60611 |
Chris Eades | other: Portfolio Manager | 620 EIGHTH AVENUE, 48TH FLOOR, NEW YORK NY 10018 |
Laura F Fergerson | other: Manager/Investment Manager | 3310 QUALITY DRIVE, 2ND FLOOR, RANCHO CORDOVA CA 95670 |
George P. Hoyt | officer: Secretary and Ch Lgl Officer | C/O FRANKLIN TEMPLETON, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902 |
Gwen L Shaneyfelt | other: Director of Sub-Adviser | ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Jed A. Plafker | other: Director of Sub-Adviser | ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Jennifer M Johnson | other: Director of Sub-Adviser | C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906 |
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