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

Rhea-AI Summary

ClearBridge MLP and Midstream Total Return Fund (NYSE: CTR) reported net assets of $196.6 million and a net asset value per share of $27.62 as of August 31, 2021. The fund demonstrated strong asset coverage ratios: 425% for senior indebtedness and 362% for total leverage under the 1940 Act. Total assets stood at $272.4 million, while total leverage was $74.9 million. The fund’s top holdings include Targa Resources Corp. and MPLX LP.

Positive

• Net assets increased to $196.6 million.
• Strong asset coverage ratios: 425% for senior debt, 362% for total leverage.
• Total assets at $272.4 million indicate robust financial health.

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 August 31, 2021.

As of August 31, 2021, the Fund’s net assets were $196.6 million, and its net asset value per share was $27.62. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 425% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 362%.

	As of August 31, 2021
	Amount (millions)			Per Share
Investments	$	265.8		$	37.35
Cash and Cash Equivalents		2.4			0.34
Other Assets		4.2			0.59
Total Assets	$	272.4		$	38.28
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	$	196.6		$	27.62
Outstanding Shares		7,117,599
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 425%.
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 362%.
Top Ten Equity Holdings (as of August 31, 2021)**
	Market Value
Name	(millions)			% of Investments			***
Targa Resources Corp.	$	22.6			8.5	%
MPLX LP	$	19.9			7.5	%
Enterprise Products Partners LP	$	19.9			7.5	%
Western Midstream Partners LP	$	14.0			5.3	%
DCP Midstream LP	$	13.6			5.1	%
ONEOK Inc.	$	13.1			4.9	%
Williams Cos. Inc.	$	12.8			4.8	%
Enable Midstream Partners LP	$	12.2			4.6	%
Magellan Midstream Partners LP	$	11.8			4.4	%
Delek Logistics Partners LP	$	11.7			4.4	%
	$	151.6			57.0	%
** 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/20210908005562/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 ClearBridge MLP and Midstream Total Return Fund as of August 31, 2021?

The net asset value per share is $27.62.

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

The asset coverage ratio is 425% for senior indebtedness and 362% for total leverage.

How much are the total assets of ClearBridge MLP and Midstream Total Return Fund?

The total assets amount to $272.4 million.

What were the total liabilities of ClearBridge MLP and Midstream Total Return Fund as of August 31, 2021?

The total liabilities were $0.9 million.

Who are the top holdings of ClearBridge MLP and Midstream Total Return Fund?

Top holdings include Targa Resources Corp. and MPLX LP.