ClearBridge MLP and Midstream Total Return Fund Inc. Announces Unaudited Balance Sheet Information as of February 28, 2022

Rhea-AI Summary

ClearBridge MLP and Midstream Total Return Fund reported its financials as of February 28, 2022, with net assets totaling $242.7 million and a net asset value per share of $34.34. The Fund's asset coverage ratios are strong, standing at 474% for senior indebtedness and 408% for total leverage. Investments total $315.5 million, with $2.4 million in cash. The Fund has 7,069,600 outstanding shares. This data is unaudited and part of the Fund's regulatory filings.

Positive

• Net assets of $242.7 million indicate a strong financial position.
• High asset coverage ratios: 474% for senior indebtedness and 408% for total leverage.
• Total investments of $315.5 million reflect robust asset management.

Negative

• None.

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 February 28, 2022.

As of February 28, 2022, the Fund’s net assets were $242.7 million, and its net asset value per share was $34.34. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 474% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 408%.

	As of February 28, 2022
	Amount (millions)			Per Share
Investments	$	315.5		$	44.64
Cash and Cash Equivalents		2.4			0.34
Other Assets		4.7			0.67
Total Assets	$	322.6		$	45.65
Senior Notes*	$	27.4		$	3.88
Loans Outstanding*		40.5			5.73
Mandatory Redeemable Preferred Shares*		11.0			1.56
Total Leverage	$	78.9		$	11.17
Other Liabilities	$	1.0		$	0.14
Total Liabilities	$	1.0		$	0.14
Net Assets	$	242.7		$	34.34
Outstanding Shares		7,069,600
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 474%.
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 408%.
Top Ten Equity Holdings (as of February 28, 2022)**
	Market Value
Name	(millions)			% of Investments			***
Targa Resources Corp.	$	24.9			7.9	%
Energy Transfer LP	$	24.7			7.8	%
MPLX LP	$	23.2			7.4	%
Enterprise Products Partners LP	$	22.8			7.2	%
Western Midstream Partners LP	$	20.9			6.6	%
DCP Midstream LP	$	17.3			5.5	%
ONEOK Inc.	$	16.3			5.2	%
Williams Cos. Inc.	$	16.2			5.1	%
Plains All American Pipeline LP	$	14.3			4.5	%
Enbridge Inc.	$	13.0			4.1	%
	$	193.6			61.3	%
** 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/20220307005413/en/

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

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

FAQ

What were the net assets of ClearBridge MLP and Midstream Total Return Fund on February 28, 2022?

The net assets were $242.7 million.

What is the net asset value per share of ClearBridge MLP and Midstream Total Return Fund?

The net asset value per share is $34.34.

What were the asset coverage ratios for ClearBridge MLP and Midstream Total Return Fund?

The asset coverage ratio was 474% for senior indebtedness and 408% for total leverage.

How much does ClearBridge MLP and Midstream Total Return Fund hold in total investments?

The Fund holds total investments of $315.5 million.

How many outstanding shares does ClearBridge MLP and Midstream Total Return Fund have?

There are 7,069,600 outstanding shares.