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

Rhea-AI Summary

ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE: CTR) reported net assets of $276.3 million and net asset value per share of $40.12 as of November 30, 2023. The Fund's asset coverage ratio under the 1940 Act was 425% for senior indebtedness and 350% for total leverage. The top ten equity holdings accounted for 69.4% of total equity investments.

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 November 30, 2023.

As of November 30, 2023, the Fund’s net assets were $276.3 million, and its net asset value per share was $40.12. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 425% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 350%.

	As of November 30, 2023
	Amount (millions)			Per Share
Investments	$	378.4		$	54.94
Cash and Cash Equivalents		10.3			1.50
Other Assets		0.9			0.13
Total Assets	$	389.6		$	56.57
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	$	2.7		$	0.39
Total Liabilities	$	2.7		$	0.39
Net Assets	$	276.3		$	40.12
Outstanding Shares		6,886,833
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 425%.
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 350%.
Top Ten Equity Holdings (as of November 30, 2023)**
	Market Value
Name	(millions)			% of Investments			***
Energy Transfer LP	$	44.5			11.8	%
ONEOK Inc.	$	31.3			8.3	%
Targa Resources Corp.	$	29.4			7.8	%
MPLX LP	$	28.2			7.4	%
Western Midstream Partners LP	$	26.5			7.0	%
Enterprise Products Partners LP	$	24.3			6.4	%
Williams Cos. Inc.	$	20.7			5.5	%
Plains All American Pipeline LP	$	19.8			5.2	%
Enbridge Inc.	$	19.5			5.1	%
Antero Midstream Corp.	$	18.4			4.9	%
	$	262.6			69.4	%
** 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 Franklin Templeton Fund Adviser, LLC (“FTFA”) (formerly Legg Mason Partners Fund Advisor, LLC) and subadvised by ClearBridge Investments, LLC (“ClearBridge”). FTFA 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/20231207123958/en/

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

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

FAQ

What is ClearBridge MLP and Midstream Total Return Fund Inc.'s ticker symbol?

The ticker symbol for ClearBridge MLP and Midstream Total Return Fund Inc. is CTR.

What were the net assets and net asset value per share of the Fund as of November 30, 2023?

The net assets were $276.3 million and the net asset value per share was $40.12 as of November 30, 2023.

What is the asset coverage ratio of the Fund under the 1940 Act?

The asset coverage ratio was 425% for senior indebtedness and 350% for total leverage under the 1940 Act.

What is the breakdown of the top ten equity holdings of the Fund?

The top ten equity holdings accounted for 69.4% of total equity investments.