ClearBridge MLP and Midstream Total Return Fund Inc. Announces Unaudited Balance Sheet Information as of September 30, 2022

Rhea-AI Summary

ClearBridge MLP and Midstream Total Return Fund (NYSE: CTR) has reported its unaudited asset statement for September 30, 2022. The Fund's net assets stand at $223.6 million, with a net asset value per share of $31.93. The asset coverage ratios are 380% for senior indebtedness and 345% for total leverage. The Fund's total assets are valued at $315.6 million, with investments totaling $309.8 million.

This unaudited financial data reflects the Fund's strong leverage and asset management capabilities.

Positive

• Net assets of $223.6 million indicate strong financial stability.
• Net asset value per share at $31.93 suggests healthy valuation.
• Asset coverage ratio of 380% indicates solid backing for senior debt.

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 September 30, 2022.

As of September 30, 2022, the Fund’s net assets were $223.6 million, and its net asset value per share was $31.93. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 380% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 345%.

	As of September 30, 2022
	Amount (millions)			Per Share
Investments	$	309.8		$	44.24
Cash and Cash Equivalents		4.7			0.66
Other Assets		1.1			0.16
Total Assets	$	315.6		$	45.06
Senior Notes*	$	25.8		$	3.68
Loans Outstanding*		57.0			8.14
Mandatory Redeemable Preferred Shares*		8.5			1.21
Total Leverage	$	91.3		$	13.03
Other Liabilities	$	0.7		$	0.10
Total Liabilities	$	0.7		$	0.10
Net Assets	$	223.6		$	31.93
Outstanding Shares		7,001,744
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 380%.
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 345%.
Top Ten Equity Holdings (as of September 30, 2022)**
	Market Value
Name	(millions)			% of Investments			***
Energy Transfer LP	$	23.5			7.6	%
Western Midstream Partners LP	$	21.4			6.9	%
MPLX LP	$	20.7			6.7	%
Enterprise Products Partners LP	$	19.7			6.4	%
Targa Resources Corp.	$	19.7			6.4	%
Magellan Midstream Partners LP	$	17.3			5.6	%
Williams Cos. Inc.	$	15.8			5.1	%
DCP Midstream LP	$	15.5			5.0	%
Delek Logistics Partners LP	$	13.7			4.4	%
Kinder Morgan Inc.	$	12.5			4.0	%
	$	179.8			58.1	%
** 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/20221007005199/en/

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

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

FAQ

What are the net assets of ClearBridge MLP and Midstream Total Return Fund as of September 30, 2022?

The net assets of ClearBridge MLP and Midstream Total Return Fund as of September 30, 2022, are $223.6 million.

What is the net asset value per share for CTR as of September 30, 2022?

The net asset value per share for ClearBridge MLP and Midstream Total Return Fund (CTR) as of September 30, 2022, is $31.93.

What is the asset coverage ratio for ClearBridge MLP and Midstream Total Return Fund?

The asset coverage ratio for ClearBridge MLP and Midstream Total Return Fund is 380% for senior indebtedness and 345% for total leverage.

What were the total assets of CTR on September 30, 2022?

The total assets of ClearBridge MLP and Midstream Total Return Fund on September 30, 2022, were valued at $315.6 million.

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

ClearBridge MLP and Midstream Total Return Fund has investments totaling $309.8 million as of September 30, 2022.