ClearBridge MLP and Midstream Total Return Fund Inc. Announces Unaudited Balance Sheet Information as of September 30, 2021

Rhea-AI Summary

ClearBridge MLP and Midstream Total Return Fund (NYSE: CTR) reported its financial status as of September 30, 2021. The net assets totaled $208.3 million, with a net asset value per share of $29.27. The asset coverage ratio for senior indebtedness stood at 443%, while total leverage coverage was 378%. The Fund's total assets were reported at $294.2 million, with investments amounting to $277.7 million.

Positive

• Net assets of $208.3 million indicate strong financial positioning.
• Net asset value per share at $29.27 shows potential for shareholder value.
• High asset coverage ratios of 443% for senior indebtedness and 378% for total leverage indicate strong 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 September 30, 2021.

As of September 30, 2021, the Fund’s net assets were $208.3 million, and its net asset value per share was $29.27. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 443% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 378%.

	As of September 30, 2021
	Amount (millions)			Per Share
Investments	$	277.7		$	39.03
Cash and Cash Equivalents		2.2			0.31
Other Assets		14.3			2.01
Total Assets	$	294.2		$	41.35
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	$	11.0		$	1.55
Total Liabilities	$	11.0		$	1.55
Net Assets	$	208.3		$	29.27
Outstanding Shares		7,117,599
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 443%.
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 378%.

Top Ten Equity Holdings (as of September 30, 2021)**
	Market Value
Name	(millions)			% of Investments		***
Targa Resources Corp.	$	25.4		9.1	%
MPLX LP	$	20.2		7.3	%
Enterprise Products Partners LP	$	19.3		7.0	%
Western Midstream Partners LP	$	14.8		5.3	%
DCP Midstream LP	$	14.8		5.3	%
ONEOK Inc.	$	14.5		5.2	%
Williams Cos. Inc.	$	13.4		4.8	%
Enable Midstream Partners LP	$	12.8		4.6	%
Delek Logistics Partners LP	$	12.2		4.4	%
Enbridge Inc.	$	11.0		4.0	%
	$	158.4		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.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/20211007005454/en/

Investors: 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 for CTR as of September 30, 2021?

The net asset value per share for ClearBridge MLP and Midstream Total Return Fund (CTR) as of September 30, 2021, is $29.27.

What were the total net assets of ClearBridge MLP and Midstream Total Return Fund as of September 30, 2021?

The total net assets of ClearBridge MLP and Midstream Total Return Fund (CTR) were $208.3 million as of September 30, 2021.

What is the asset coverage ratio for CTR?

The asset coverage ratio for senior indebtedness of CTR is 443%, while for total leverage, it is 378%.

What are the total assets reported by ClearBridge MLP and Midstream Total Return Fund?

The total assets reported by ClearBridge MLP and Midstream Total Return Fund (CTR) are $294.2 million.