ClearBridge MLP and Midstream Total Return Fund Inc. Announces Unaudited Balance Sheet Information as of July 31, 2022

Rhea-AI Summary

ClearBridge MLP and Midstream Total Return Fund (NYSE: CTR) released its unaudited financial data as of July 31, 2022. The Fund reported net assets of $252.9 million and a net asset value per share of $36.12. The asset coverage ratio for senior debt stood at 417%, while the total leverage coverage ratio was 378%. Total assets were $344.9 million, and investments amounted to $333.1 million. The Fund has 7,001,744 outstanding shares. This financial information is unaudited and is intended for informational purposes only.

Positive

• Net assets of $252.9 million as of July 31, 2022.
• Net asset value per share of $36.12.
• Asset coverage ratio for senior debt at 417%.
• Total assets reported at $344.9 million.
• Investments totaling $333.1 million.

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 July 31, 2022.

As of July 31, 2022, the Fund’s net assets were $252.9 million, and its net asset value per share was $36.12. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 417% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 378%.

	As of July 31, 2022
	Amount (millions)			Per Share
Investments	$	333.1		$	47.58
Cash and Cash Equivalents		8.2			1.17
Other Assets		3.6			0.51
Total Assets	$	344.9		$	49.26
Senior Notes*	$	27.4		$	3.91
Loans Outstanding*		55.0			7.86
Mandatory Redeemable Preferred Shares*		8.5			1.21
Total Leverage	$	90.9		$	12.98
Other Liabilities	$	1.1		$	0.16
Total Liabilities	$	1.1		$	0.16
Net Assets	$	252.9		$	36.12
Outstanding Shares		7,001,744
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 417%.
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 378%.
Top Ten Equity Holdings (as of July 31, 2022)**
	Market Value
Name	(millions)			% of Investments			***
Energy Transfer LP	$	22.8			6.8	%
Western Midstream Partners LP	$	22.2			6.7	%
MPLX LP	$	22.2			6.7	%
Targa Resources Corp.	$	21.9			6.6	%
Enterprise Products Partners LP	$	20.5			6.1	%
Magellan Midstream Partners LP	$	18.3			5.5	%
Williams Cos. Inc.	$	17.6			5.3	%
Delek Logistics Partners LP	$	14.9			4.5	%
DCP Midstream LP	$	14.0			4.2	%
Enbridge Inc.	$	13.5			4.1	%
	$	187.9			56.5	%
** 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/20220805005112/en/

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

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

FAQ

What are the net assets of ClearBridge MLP and Midstream Total Return Fund as of July 31, 2022?

The net assets were $252.9 million.

What is the net asset value per share for CTR as of July 31, 2022?

The net asset value per share was $36.12.

What is the asset coverage ratio for senior indebtedness for CTR?

The asset coverage ratio was 417%.

What total assets did CTR report as of July 31, 2022?

The total assets reported were $344.9 million.

How much investment does CTR hold?

CTR's investments amounted to $333.1 million.