ClearBridge MLP and Midstream Total Return Fund Inc. Announces Unaudited Balance Sheet Information as of June 30, 2023
As of June 30, 2023, the Fund’s net assets were
| As of June 30, 2023 | |||||||
| Amount (millions) | Per Share | ||||||
| Investments | $ |
348.0 |
$ |
50.54 |
|
||
| Cash and Cash Equivalents |
|
15.4 |
|
2.24 |
|
||
| Other Assets |
|
0.8 |
|
0.11 |
|
||
| Total Assets | $ |
364.2 |
$ |
52.89 |
|
||
| Senior Notes* | $ |
15.6 |
$ |
2.27 |
|
||
| Loans Outstanding* |
|
67.5 |
|
9.80 |
|
||
| Mandatory Redeemable Preferred Shares* |
|
19.5 |
|
2.83 |
|
||
| Total Leverage | $ |
102.6 |
$ |
14.90 |
|
||
| Other Liabilities | $ |
7.3 |
$ |
1.06 |
|
||
| Total Liabilities | $ |
7.3 |
$ |
1.06 |
|
||
| Net Assets | $ |
254.3 |
$ |
36.93 |
|
||
| Outstanding Shares |
|
6,886,833 |
|||||
| * The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was |
|||||||
| * The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was |
|||||||
| Top Ten Equity Holdings (as of June 30, 2023)** | |||||||
| Market Value | |||||||
| Name | (millions) | % of Investments | *** | ||||
| Energy Transfer LP | $ |
27.5 |
|
7.9 |
% |
||
| MPLX LP | $ |
26.2 |
|
7.5 |
% |
||
| Targa Resources Corp. | $ |
24.8 |
|
7.1 |
% |
||
| Enterprise Products Partners LP | $ |
23.9 |
|
6.9 |
% |
||
| Western Midstream Partners LP | $ |
23.5 |
|
6.8 |
% |
||
| Magellan Midstream Partners LP | $ |
22.5 |
|
6.5 |
% |
||
| Williams Cos. Inc. | $ |
18.4 |
|
5.3 |
% |
||
| Plains All American Pipeline LP | $ |
17.6 |
|
5.0 |
% |
||
| Plains GP Holdings LP | $ |
16.6 |
|
4.8 |
% |
||
| Enbridge Inc. | $ |
16.1 |
|
4.6 |
% |
||
$ |
217.1 |
|
62.4 |
% |
|||
| ** 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/20230710995807/en/
Investor Contact: Fund Investor Services 1-888-777-0102
Source: Franklin Resources, Inc. and Legg Mason Closed End Funds
