ClearBridge MLP and Midstream Total Return Fund Inc. Announces Unaudited Balance Sheet Information as of July 31, 2021
ClearBridge MLP and Midstream Total Return Fund (CTR) reported its unaudited asset statement as of July 31, 2021. The Fund's net assets totaled $203.4 million, resulting in a net asset value per share of $28.58. Its asset coverage ratio regarding senior debt was 435% and 371% for total leverage. Total assets amounted to $279.4 million, and total liabilities were $1.1 million. The Fund’s investments stand at $271.6 million, with Targa Resources Corp. as its leading equity holding.
- Net assets of $203.4 million indicate a stable financial position.
- Net asset value per share at $28.58 reflects investor value.
- Strong asset coverage ratios: 435% for senior debt and 371% for total leverage.
- Total investments at $271.6 million demonstrate effective asset management.
- None.
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 July 31, 2021.
As of July 31, 2021, the Fund’s net assets were
As of July 31, 2021 |
|||||
|
|||||
Amount (millions) |
Per Share |
||||
| Investments | $ |
271.6 |
$ |
38.16 |
|
| Cash and Cash Equivalents |
|
1.7 |
|
0.24 |
|
| Other Assets |
|
6.1 |
|
0.86 |
|
| Total Assets | $ |
279.4 |
$ |
39.26 |
|
| 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 | $ |
1.1 |
$ |
0.15 |
|
| Total Liabilities | $ |
1.1 |
$ |
0.15 |
|
| Net Assets | $ |
203.4 |
$ |
28.58 |
|
| Outstanding Shares |
|
7,117,599 |
|||
* 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 July 31, 2021)** | ||||||
Market Value |
||||||
| Name | (millions) |
% of Investments |
*** |
|||
| Targa Resources Corp. | $ |
21.7 |
8.0 |
% |
||
| Enterprise Products Partners LP | $ |
20.2 |
7.4 |
% |
||
| MPLX LP | $ |
20.1 |
7.4 |
% |
||
| DCP Midstream LP | $ |
14.3 |
5.3 |
% |
||
| Western Midstream Partners LP | $ |
14.2 |
5.2 |
% |
||
| Enable Midstream Partners LP | $ |
13.1 |
4.8 |
% |
||
| ONEOK Inc. | $ |
13.0 |
4.8 |
% |
||
| Williams Cos Inc. | $ |
13.0 |
4.8 |
% |
||
| Delek Logistics Partners LP | $ |
11.3 |
4.2 |
% |
||
| Magellan Midstream Partners LP | $ |
11.2 |
4.1 |
% |
||
$ |
152.1 |
56.0 |
% |
|||
| ** 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
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FAQ
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