ClearBridge MLP and Midstream Total Return Fund Inc. Announces Unaudited Balance Sheet Information as of October 31, 2021

Rhea-AI Summary

ClearBridge MLP and Midstream Total Return Fund (NYSE: CTR) reported its unaudited assets and liabilities as of October 31, 2021. The Fund's net assets totaled $225.6 million, with a net asset value per share of $31.70. The asset coverage ratio for senior indebtedness stood at 448%, while the total leverage coverage ratio was 386%. The Fund's total assets reached $305.3 million, with investments accounting for $294.8 million.

Positive

• Net assets of $225.6 million.
• Net asset value per share at $31.70.
• Asset coverage ratio of 448% for senior indebtedness.
• Total assets of $305.3 million.

Negative

• Total leverage ratio at 386%, indicating a reliance on debt.

NEW YORK--(BUSINESS WIRE)-- ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE: CTR) announced today the unaudited statement of assets and liabilities, the net asset value and asset coverage ratio of the Fund as of October 31, 2021.

As of October 31, 2021, the Fund’s net assets were $225.6 million, and its net asset value per share was $31.70. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 448% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 386%.

	As of October 31, 2021
	Amount (millions)			Per Share
Investments	$	294.8		$	41.42
Cash and Cash Equivalents		4.5			0.63
Other Assets		6.0			0.85
Total Assets	$	305.3		$	42.90
Senior Notes*	$	27.4		$	3.85
Loans Outstanding*		40.5			5.69
Mandatory Redeemable Preferred Shares*		11.0			1.55
Total Leverage	$	78.9		$	11.09
Other Liabilities	$	0.8		$	0.11
Total Liabilities	$	0.8		$	0.11
Net Assets	$	225.6		$	31.70
Outstanding Shares		7,117,599
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 448%.
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 386%.

Top Ten Equity Holdings (as of October 31, 2021)**
	Market Value
Name	(millions)			% of Investments		***
Targa Resources Corp.	$	28.2		9.6	%
MPLX LP	$	21.3		7.2	%
Enterprise Products Partners LP	$	20.3		6.9	%
DCP Midstream LP	$	16.3		5.5	%
ONEOK Inc.	$	15.9		5.4	%
Western Midstream Partners LP	$	15.1		5.1	%
Williams Cos. Inc.	$	14.5		4.9	%
Delek Logistics Partners LP	$	13.6		4.6	%
Enable Midstream Partners LP	$	12.8		4.3	%
Magellan Midstream Partners LP	$	11.8		4.0	%
	$	169.8		57.5	%
** Subject to change at any time
*** Percent of Total Equity Investments

ClearBridge MLP and Midstream Total Return 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 indirect, wholly-owned subsidiaries of Franklin Resources, Inc. (“Franklin Resources”).

This financial data is unaudited.

The Fund files its semi-annual and annual reports with the Securities and Exchange Commission (“SEC”), as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. These reports are available on the SEC’s website at www.sec.gov. To obtain information on Form N-PORT or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.

For more information about the Fund, please call 1-888-777-0102 or consult the Fund’s website at www.franklintempleton.com/investments/options/closed-end-funds. Hard copies of the Fund’s complete audited financial statements are available free of charge upon request.

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

Category: Financials

Source: Franklin Resources, Inc.

Source: Legg Mason Closed End Funds

View source version on businesswire.com: https://www.businesswire.com/news/home/20211105005388/en/

Investors: Fund Investor Services 1-888-777-0102

Source: Franklin Resources, Inc. and Legg Mason Closed End Funds

FAQ

What are the net assets for ClearBridge Fund as of October 31, 2021?

The net assets for ClearBridge Fund were $225.6 million as of October 31, 2021.

What is the net asset value per share for CTR Fund?

The net asset value per share for CTR Fund is $31.70.

What is the asset coverage ratio for senior indebtedness reported by CTR?

The asset coverage ratio for senior indebtedness is 448%.

What are the total assets of ClearBridge Fund as of October 31, 2021?

The total assets of ClearBridge Fund are $305.3 million.

What is the total leverage ratio for ClearBridge Fund?

The total leverage ratio for ClearBridge Fund is 386%.