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

Rhea-AI Summary

ClearBridge MLP and Midstream Total Return Fund (NYSE: CTR) reported its unaudited financials as of April 30, 2022. The Fund's net assets totaled $254.6 million, with a net asset value per share of $36.22. The asset coverage ratio for senior indebtedness was 385%, while the total leverage ratio was 352%. Total assets reached $356.4 million, while total liabilities stood at $100.9 million. The Fund holds investments worth $343.5 million and has 7,029,744 outstanding shares.

Positive

• Net assets of $254.6 million indicate strong financial stability.
• Net asset value per share at $36.22 reflects solid value.
• High asset coverage ratio of 385% suggests strong leverage management.
• Diverse investments totaling $343.5 million enhance growth potential.

Negative

• Total leverage of $100.9 million could indicate potential risks.
• The Fund's total liabilities are significant relative to its net assets.

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 April 30, 2022.

As of April 30, 2022, the Fund’s net assets were $254.6 million, and its net asset value per share was $36.22. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 385% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 352%.

	As of April 30, 2022
	Amount (millions)			Per Share
Investments	$	343.5		$	48.87
Cash and Cash Equivalents		5.9			0.84
Other Assets		7.0			1.00
Total Assets	$	356.4		$	50.71
Senior Notes*	$	27.4		$	3.90
Loans Outstanding*		65.0			9.25
Mandatory Redeemable Preferred Shares*		8.5			1.21
Total Leverage	$	100.9		$	14.36
Other Liabilities	$	0.9		$	0.13
Total Liabilities	$	0.9		$	0.13
Net Assets	$	254.6		$	36.22
Outstanding Shares		7,029,744
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 385%.
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 352%.
Top Ten Equity Holdings (as of April 30, 2022)**
	Market Value
Name	(millions)			% of Investments			***
Targa Resources Corp.	$	27.9			8.1	%
Energy Transfer LP	$	27.7			8.1	%
MPLX LP	$	25.7			7.5	%
Enterprise Products Partners LP	$	25.1			7.3	%
Western Midstream Partners LP	$	22.8			6.6	%
DCP Midstream LP	$	17.9			5.2	%
Williams Cos. Inc.	$	17.8			5.2	%
Magellan Midstream Partners LP	$	16.4			4.8	%
ONEOK Inc.	$	15.9			4.6	%
Plains All American Pipeline LP	$	14.2			4.1	%
	$	211.4			61.5	%
** 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/20220506005160/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 Fund as of April 30, 2022?

The net assets of ClearBridge Fund were $254.6 million as of April 30, 2022.

What is the net asset value per share for CTR?

The net asset value per share for CTR is $36.22.

What is the asset coverage ratio for ClearBridge Fund?

The asset coverage ratio for senior indebtedness is 385%, and the total leverage ratio is 352%.

How much total leverage does the ClearBridge Fund have?

The total leverage of the ClearBridge Fund is $100.9 million.

How many outstanding shares does CTR have?

The ClearBridge Fund has 7,029,744 outstanding shares.