ClearBridge MLP and Midstream Total Return Fund Inc. Announces Unaudited Balance Sheet Information as of June 30, 2021

Rhea-AI Summary

ClearBridge MLP and Midstream Total Return Fund (CTR) reported its unaudited financials as of June 30, 2021. The Fund's net assets totaled $218.9 million with a net asset value per share of $30.75. Its asset coverage ratio for senior indebtedness stands at 460%, and 392% for total leverage. Total assets reached $294.7 million, with top equity holdings including Targa Resources Corp. and Enterprise Products Partners LP. The Fund's management is provided by Legg Mason Partners Fund Advisor, LLC.

Positive

• Net assets of $218.9 million and a net asset value per share of $30.75 indicate strong financial health.
• Asset coverage ratios of 460% for senior indebtedness and 392% for total leverage suggest robust leverage management.

Negative

• None.

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 June 30, 2021.

As of June 30, 2021, the Fund’s net assets were $218.9 million, and its net asset value per share was $30.75. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 460% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 392%.

	As of June 30, 2021
	Amount (millions)			Per Share
Investments	$	288.6		$	40.55
Cash and Cash Equivalents		2.0			0.28
Other Assets		4.1			0.58
Total Assets	$	294.7		$	41.41
Senior Notes*	$	27.4		$	3.85
Loans Outstanding*		36.5			5.13
Mandatory Redeemable Preferred Shares*		11.0			1.55
Total Leverage	$	74.9		$	10.53
Other Liabilities	$	0.9		$	0.13
Total Liabilities	$	0.9		$	0.13
Net Assets	$	218.9		$	30.75
Outstanding Shares		7,117,599
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 460%.
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 392%.
Top Ten Equity Holdings (as of June 30, 2021)**
	Market Value
Name	(millions)			% of Investments		***
Targa Resources Corp.	$	22.9			7.9%
Enterprise Products Partners LP	$	21.6			7.5%
MPLX LP	$	21.0			7.3%
DCP Midstream LP	$	16.0			5.6%
Western Midstream Partners LP	$	15.2			5.3%
Enable Midstream Partners LP	$	14.3			5.0%
ONEOK Inc.	$	13.9			4.8%
Williams Cos Inc.	$	13.7			4.8%
Magellan Midstream Partners LP	$	11.7			4.1%
Delek Logistics Partners LP	$	11.3			3.9%
	$	161.6			56.2%
** 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.lmcef.com. 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/20210708005387/en/

FAQ

What were the net assets of ClearBridge MLP and Midstream Total Return Fund (CTR) as of June 30, 2021?

The net assets of ClearBridge MLP and Midstream Total Return Fund (CTR) were $218.9 million as of June 30, 2021.

What is the net asset value per share of CTR as of June 30, 2021?

The net asset value per share of CTR was $30.75 as of June 30, 2021.

What were the asset coverage ratios for CTR as of June 30, 2021?

CTR's asset coverage ratio was 460% for senior indebtedness and 392% for total leverage as of June 30, 2021.

Who manages ClearBridge MLP and Midstream Total Return Fund (CTR)?

The Fund is advised by Legg Mason Partners Fund Advisor, LLC, and subadvised by ClearBridge Investments, LLC.