ClearBridge MLP and Midstream Total Return Fund Inc. Announces Unaudited Balance Sheet Information as of August 31, 2024
ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE: CTR) has released its unaudited financial statement as of August 31, 2024. The Fund's net assets stood at $165.5 million, with a net asset value per share of $48.08. The Fund's asset coverage ratio under the Investment Company Act of 1940 was 468% for senior indebtedness and 380% for total leverage. The Fund's total assets were $236.0 million, with investments accounting for $231.6 million. The top three equity holdings were Energy Transfer LP (10.5%), Targa Resources Corp. (10.3%), and ONEOK Inc. (9.3%). The Fund is advised by Franklin Templeton Fund Adviser, and subadvised by ClearBridge Investments,
ClearBridge MLP e Midstream Total Return Fund Inc. (NYSE: CTR) ha rilasciato il suo bilancio non auditato al 31 agosto 2024. Le attività nette del Fondo ammontavano a 165,5 milioni di dollari, con un valore netto per azione di 48,08 dollari. Il rapporto di copertura degli attivi del Fondo secondo l'Investment Company Act del 1940 era del 468% per il debito senior e del 380% per la leva totale. Le attività totali del Fondo erano pari a 236,0 milioni di dollari, con investimenti che rappresentavano 231,6 milioni di dollari. Le prime tre partecipazioni azionarie erano Energy Transfer LP (10,5%), Targa Resources Corp. (10,3%) e ONEOK Inc. (9,3%). Il Fondo è consigliato da Franklin Templeton Fund Adviser e co-consigliato da ClearBridge Investments.
ClearBridge MLP y Midstream Total Return Fund Inc. (NYSE: CTR) ha publicado su estado financiero no auditado al 31 de agosto de 2024. Los activos netos del Fondo se situaron en 165,5 millones de dólares, con un valor neto por acción de 48,08 dólares. La relación de cobertura de activos del Fondo bajo la Ley de Compañías de Inversión de 1940 fue del 468% para el endeudamiento senior y del 380% para la apalancamiento total. Los activos totales del Fondo eran de 236,0 millones de dólares, con inversiones que representaban 231,6 millones de dólares. Las tres principales tenencias de acciones eran Energy Transfer LP (10,5%), Targa Resources Corp. (10,3%) y ONEOK Inc. (9,3%). El Fondo es asesorado por Franklin Templeton Fund Adviser y subasesorado por ClearBridge Investments.
ClearBridge MLP 및 Midstream Total Return Fund Inc. (NYSE: CTR)가 2024년 8월 31일 기준 감사되지 않은 재무제표를 발표했습니다. 펀드의 순자산은 1억 6,550만 달러였으며, 주당 순자산 가치가 48.08달러로 집계되었습니다. 펀드의 자산 커버리지 비율은 1940년 투자회사법에 따라 총 부채에 대해 468%, 총 레버리지에 대해 380%였습니다. 펀드의 총 자산은 2억 3,600만 달러였으며, 투자액은 2억 3,160만 달러에 달했습니다. 주요 주식 보유 3개는 Energy Transfer LP (10.5%), Targa Resources Corp. (10.3%), ONEOK Inc. (9.3%)였습니다. 펀드는 Franklin Templeton Fund Adviser의 자문을 받고 ClearBridge Investments가 보조 자문하고 있습니다.
Le ClearBridge MLP et Midstream Total Return Fund Inc. (NYSE: CTR) a publié son état financier non audité au 31 août 2024. Les actifs nets du Fonds s'élevaient à 165,5 millions de dollars, avec une valeur nette par action de 48,08 dollars. Le ratio de couverture des actifs du Fonds selon la loi de 1940 sur les sociétés d'investissement était de 468% pour la dette senior et de 380% pour l'effet de levier total. Les actifs totaux du Fonds étaient de 236,0 millions de dollars, les investissements représentant 231,6 millions de dollars. Les trois principales participations étaient Energy Transfer LP (10,5%), Targa Resources Corp. (10,3%) et ONEOK Inc. (9,3%). Le Fonds est conseillé par Franklin Templeton Fund Adviser et sous-conseillé par ClearBridge Investments.
ClearBridge MLP und Midstream Total Return Fund Inc. (NYSE: CTR) hat seinen nicht geprüften Finanzbericht zum 31. August 2024 veröffentlicht. Die Nettovermögen des Fonds betrugen 165,5 Millionen Dollar, mit einem Nettovermögen pro Aktie von 48,08 Dollar. Das Vermögensdeckungskontingent des Fonds nach dem Investment Company Act von 1940 betrug 468% für vorrangige Verschuldung und 380% für die Gesamtnutzung. Die Gesamtvermögen des Fonds beliefen sich auf 236,0 Millionen Dollar, wobei die Investitionen 231,6 Millionen Dollar ausmachten. Die drei größten Aktienbeteiligungen waren Energy Transfer LP (10,5%), Targa Resources Corp. (10,3%) und ONEOK Inc. (9,3%). Der Fonds wird von Franklin Templeton Fund Adviser beraten und von ClearBridge Investments unterstützt.
- Net assets of $165.5 million and net asset value per share of $48.08
- Strong asset coverage ratio of 468% for senior indebtedness
- Diversified portfolio with top 10 holdings representing 71.6% of total equity investments
- Significant investments in leading energy and midstream companies
- Total leverage of $59.0 million, including senior notes, loans, and mandatory redeemable preferred shares
- Deferred tax liability of $4.7 million
As of August 31, 2024, the Fund’s net assets were
| As of August 31, 2024 | ||||||
| Amount (millions) | Per Share | |||||
| Investments | $ |
231.6 |
$ |
67.27 |
||
| Cash and Cash Equivalents |
|
3.8 |
|
1.11 |
||
| Other Assets |
|
0.6 |
|
0.17 |
||
| Total Assets | $ |
236.0 |
$ |
68.55 |
||
| Senior Notes* | $ |
14.0 |
$ |
4.07 |
||
| Loans Outstanding* |
|
34.0 |
|
9.87 |
||
| Mandatory Redeemable Preferred Shares* |
|
11.0 |
|
3.19 |
||
| Total Leverage | $ |
59.0 |
$ |
17.13 |
||
| Income Tax Payable | $ |
4.3 |
$ |
1.25 |
||
| Deferred Tax Liability |
|
4.7 |
|
1.36 |
||
| Other Liabilities |
|
2.5 |
|
0.73 |
||
| Total Liabilities | $ |
11.5 |
$ |
3.34 |
||
| Net Assets | $ |
165.5 |
$ |
48.08 |
||
| Outstanding Shares |
|
3,443,417 |
||||
| * 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 August 31, 2024)** | ||||||
| Market Value | ||||||
| Name | (millions) | % of Investments | *** | |||
| Energy Transfer LP | $ |
24.3 |
|
|
||
| Targa Resources Corp. | $ |
23.9 |
|
|
||
| ONEOK Inc. | $ |
21.6 |
|
|
||
| Western Midstream Partners LP | $ |
17.0 |
|
|
||
| MPLX LP | $ |
16.6 |
|
|
||
| Williams Cos. Inc. | $ |
14.3 |
|
|
||
| Enterprise Products Partners LP | $ |
14.1 |
|
|
||
| Enbridge Inc. | $ |
12.0 |
|
|
||
| Plains All American Pipeline LP | $ |
11.2 |
|
|
||
| Kinder Morgan Inc. | $ |
11.0 |
|
|
||
$ |
166.0 |
|
|
|||
| ** 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 Franklin Templeton Fund Adviser, LLC (“FTFA”) (formerly known as 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/20240906067609/en/
Investor Contact: Fund Investor Services 1-888-777-0102
Source: Franklin Resources, Inc. and Legg Mason Closed End Funds
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