ClearBridge MLP and Midstream Total Return Fund Inc. Announces Unaudited Balance Sheet Information as of January 31, 2023

Rhea-AI Summary

ClearBridge MLP and Midstream Total Return Fund (NYSE: CTR) reported its unaudited financial data as of January 31, 2023. The Fund's net assets reached $259.8 million, translating to a net asset value per share of $37.54. Its asset coverage ratio for senior indebtedness stood at 437%, while the total leverage ratio was 354%. Total assets were recorded at $366.6 million, with investments amounting to $358 million. The Fund's financial health is supported by a substantial asset coverage ratio, indicating solid backing for its senior notes and loan obligations.

Positive

• Net assets of $259.8 million.
• Net asset value per share at $37.54.
• Strong asset coverage ratio of 437% for senior indebtedness.
• Total assets of $366.6 million.
• Investments total $358 million.

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 January 31, 2023.

As of January 31, 2023, the Fund’s net assets were $259.8 million, and its net asset value per share was $37.54. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 437% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 354%.

	As of January 31, 2023
	Amount (millions)			Per Share
Investments	$	358.0		$	51.73
Cash and Cash Equivalents		2.6			0.38
Other Assets		6.0			0.87
Total Assets	$	366.6		$	52.98
Senior Notes*	$	25.8		$	3.73
Loans Outstanding*		57.0			8.24
Mandatory Redeemable Preferred Shares*		19.5			2.82
Total Leverage	$	102.3		$	14.79
Other Liabilities	$	4.5		$	0.65
Total Liabilities	$	4.5		$	0.65
Net Assets	$	259.8		$	37.54
Outstanding Shares		6,919,829
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 437%.
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 354%.
Top Ten Equity Holdings (as of January 31, 2023)**
	Market Value
Name	(millions)			% of Investments			***
Energy Transfer LP	$	29.3			8.2	%
MPLX LP	$	27.3			7.6	%
Western Midstream Partners LP	$	24.2			6.7	%
Targa Resources Corp.	$	24.0			6.7	%
Enterprise Products Partners LP	$	23.4			6.5	%
Magellan Midstream Partners LP	$	19.5			5.4	%
Williams Cos. Inc.	$	18.2			5.1	%
DCP Midstream LP	$	17.4			4.9	%
Plains All American Pipeline LP	$	15.5			4.3	%
ONEOK Inc.	$	14.7			4.1	%
	$	213.5			59.5	%
** 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/20230207005682/en/

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

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

FAQ

What is the net asset value per share of CTR as of January 31, 2023?

The net asset value per share of ClearBridge MLP and Midstream Total Return Fund (CTR) is $37.54 as of January 31, 2023.

How much are the net assets of CTR reported as of January 31, 2023?

The net assets of the ClearBridge MLP and Midstream Total Return Fund (CTR) are reported at $259.8 million as of January 31, 2023.

What is the asset coverage ratio for senior indebtedness of CTR?

The asset coverage ratio for senior indebtedness of ClearBridge MLP and Midstream Total Return Fund (CTR) is 437%.

What are the total assets of CTR as of January 31, 2023?

The total assets of the ClearBridge MLP and Midstream Total Return Fund (CTR) are recorded at $366.6 million as of January 31, 2023.

How much has CTR invested as of January 31, 2023?

ClearBridge MLP and Midstream Total Return Fund (CTR) has investments totaling $358 million as of January 31, 2023.