ClearBridge MLP and Midstream Total Return Fund Inc. Announces Unaudited Balance Sheet Information as of September 30, 2023

Rhea-AI Summary

ClearBridge MLP and Midstream Total Return Fund Inc. announces unaudited statement of assets and liabilities

Positive

• The Fund's net assets were $258.6 million as of September 30, 2023
• The net asset value per share was $37.55
• The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 405%
• The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 334%
• Top ten equity holdings as of September 30, 2023: Energy Transfer LP, ONEOK Inc., Targa Resources Corp., MPLX LP, Enterprise Products Partners LP, Western Midstream Partners LP, Plains All American Pipeline LP, Williams Cos. Inc., Enbridge Inc., and Plains GP Holdings LP

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, 2023.

As of September 30, 2023, the Fund’s net assets were $258.6 million, and its net asset value per share was $37.55. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 405% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 334%.

	As of September 30, 2023
	Amount (millions)			Per Share
Investments	$	359.9		$	52.26
Cash and Cash Equivalents		13.4			1.95
Other Assets		8.9			1.29
Total Assets	$	382.2		$	55.50
Senior Notes*	$	15.6		$	2.27
Loans Outstanding*		75.5			10.96
Mandatory Redeemable Preferred Shares*		19.5			2.83
Total Leverage	$	110.6		$	16.06
Other Liabilities	$	13.0		$	1.89
Total Liabilities	$	13.0		$	1.89
Net Assets	$	258.6		$	37.55
Outstanding Shares		6,886,833
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 405%.
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 334%.
Top Ten Equity Holdings (as of September 30, 2023)**
	Market Value
Name	(millions)			% of Investments			***
Energy Transfer LP	$	30.4			8.4	%
ONEOK Inc.	$	28.9			8.0	%
Targa Resources Corp.	$	27.9			7.8	%
MPLX LP	$	27.5			7.6	%
Enterprise Products Partners LP	$	24.9			6.9	%
Western Midstream Partners LP	$	24.2			6.7	%
Plains All American Pipeline LP	$	19.1			5.3	%
Williams Cos. Inc.	$	19.0			5.3	%
Enbridge Inc.	$	18.5			5.1	%
Plains GP Holdings LP	$	18.1			5.0	%
	$	238.5			66.1	%
**    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/20231006023985/en/

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

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

FAQ

What were the Fund's net assets as of September 30, 2023?

The Fund's net assets were $258.6 million as of September 30, 2023.

What was the net asset value per share?

The net asset value per share was $37.55.

What were the Fund's asset coverage ratios under the 1940 Act?

The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 405%, and the asset coverage ratio with respect to total leverage was 334%.

What were the top ten equity holdings as of September 30, 2023?

The top ten equity holdings as of September 30, 2023 were Energy Transfer LP, ONEOK Inc., Targa Resources Corp., MPLX LP, Enterprise Products Partners LP, Western Midstream Partners LP, Plains All American Pipeline LP, Williams Cos. Inc., Enbridge Inc., and Plains GP Holdings LP.