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ClearBridge MLP and Midstream Total Return Fund Inc. - CTR STOCK NEWS

Welcome to our dedicated page for ClearBridge MLP and Midstream Total Return Fund news (Ticker: CTR), a resource for investors and traders seeking the latest updates and insights on ClearBridge MLP and Midstream Total Return Fund stock.

ClearBridge MLP and Midstream Total Return Fund Inc. (CTR) is a United States-based, non-diversified, closed-end management investment company. The company’s core objective is to offer a high level of total return consisting of both cash distributions and capital appreciation.

The fund mainly invests in master limited partnerships (MLPs) and entities in the energy sector, particularly focusing on midstream assets. These investments typically include pipelines, storage facilities, and processing plants that are essential for the transportation and storage of oil, natural gas, and other energy products.

Recent achievements of ClearBridge include strategic partnerships and investments in sustainable energy projects, enhancing the overall portfolio diversification. The team at ClearBridge continuously monitors the market to optimize returns while managing risks associated with energy sector volatility.

As a part of the Franklin Templeton group, following the merger with Legg Mason, ClearBridge benefits from the combined expertise and resources of both firms. This collaboration enables ClearBridge to leverage extensive research capabilities and a broader asset management infrastructure.

Financially, the company maintains a robust portfolio with a focus on generating steady income for its investors. It employs a disciplined investment approach, prioritizing quality assets with strong growth potential and reliable cash flows.

Overall, ClearBridge MLP and Midstream Total Return Fund Inc. is committed to delivering substantial returns to its investors through a balanced approach of income generation and capital appreciation, underpinned by strategic investments in essential energy infrastructure.

News

ClearBridge MLP Funds Announce Proposed Mergers and Updates for Tender Offers

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The press release announces the approval by the Board of Directors of ClearBridge MLP and Midstream Fund Inc. (CEM), ClearBridge Energy Midstream Opportunity Fund Inc. (EMO), and ClearBridge MLP and Midstream Total Return Fund Inc. (CTR) to merge CEM with and into EMO and CTR with and into EMO. The proposed mergers are expected to occur during the third quarter of 2024 and are subject to stockholder approval. If approved, common stockholders of CEM and CTR will receive shares of common stock of EMO based on each Fund’s respective net asset value (NAV) per share, and holders of CEM’s and CTR’s mandatory redeemable preferred stock (MRPS) will receive shares of MRPS of EMO with the same aggregate liquidation preference and terms to their respective MRPS. The management and each Fund’s Board of Directors believe that the merger will result in lower operating expenses, enhanced earning potential, and greater trading volume. The merger is expected to qualify as a tax-free reorganization for federal income tax purposes. In connection with the proposal to merge, the Funds intend to file a combined proxy statement and prospectus with the SEC, and investors and stockholders are advised to read the proxy statement and prospectus when it becomes available.
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Franklin Templeton Fund Adviser, LLC Announces Distributions for the Month of February 2024

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Franklin Templeton Fund Adviser, LLC announced the February 2024 distributions for certain closed-end funds, including ClearBridge MLP and Midstream Fund Inc. (CEM), ClearBridge Energy Midstream Opportunity Fund Inc. (EMO), and ClearBridge MLP and Midstream Total Return Fund Inc. (CTR). The distributions may be treated as dividend income, return of capital, or a combination thereof for tax purposes. Stockholders will receive a Form 1099-DIV in early 2025 for tax reporting purposes.
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ClearBridge MLP and Midstream Total Return Fund Inc. Announces Unaudited Balance Sheet Information as of December 31, 2023

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ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE: CTR) announced unaudited financial data as of December 31, 2023. The net assets were $269.5 million, with a net asset value per share of $39.13. The Fund's asset coverage ratio under the 1940 Act was 417% for senior indebtedness and 344% for total leverage.
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ClearBridge MLP and Midstream Total Return Fund Inc. Announces Unaudited Balance Sheet Information as of November 30, 2023

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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.
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Legg Mason Partners Fund Advisor, LLC Announces Distributions for the Month of November 2023

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Franklin Resources, Inc. (Ticker: BEN) Announces November 2023 Distribution Schedule for Certain Closed End Funds; ClearBridge MLP and Midstream Fund Inc. (Ticker: CEM) Declares $0.7700, ClearBridge Energy Midstream Opportunity Fund Inc. (Ticker: EMO) Declares $0.6500, ClearBridge MLP and Midstream Total Return Fund Inc. (Ticker: CTR) Declares $0.7000
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ClearBridge MLP and Midstream Total Return Fund Inc. Announces Unaudited Balance Sheet Information as of October 31, 2023

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ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE: CTR) reported unaudited financials as of October 31, 2023, with net assets of $256.2 million and net asset value per share of $37.19. The Fund's asset coverage ratio under the 1940 Act for senior indebtedness was 403% and for total leverage was 332%.
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ClearBridge MLP and Midstream Total Return Fund Inc. Announces Unaudited Balance Sheet Information as of September 30, 2023

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ClearBridge MLP and Midstream Total Return Fund Inc. announces unaudited statement of assets and liabilities
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ClearBridge MLP and Midstream Total Return Fund Inc. Announces Unaudited Balance Sheet Information as of August 31, 2023

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ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE: CTR) reported net assets of $259.1 million and net asset value per share of $37.62 as of August 31, 2023. The Fund's asset coverage ratio under the 1940 Act for senior indebtedness was 406% and for total leverage was 334%. Top ten equity holdings include Energy Transfer LP, Targa Resources Corp., and MPLX LP.
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ClearBridge MLP and Midstream Total Return Fund Inc. Announces Unaudited Balance Sheet Information as of July 31, 2023

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ClearBridge MLP and Midstream Total Return Fund Inc. (CTR) announced its unaudited financial data as of July 31, 2023. The net assets were $268.6 million, with a net asset value per share of $39.01. The asset coverage ratio under the 1940 Act for senior indebtedness was 416% and for total leverage was 343%. The top ten equity holdings accounted for 62.3% of total equity investments.
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Legg Mason Partners Fund Advisor, LLC Announces Distributions for the Month of August 2023

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FAQ

What is the current stock price of ClearBridge MLP and Midstream Total Return Fund (CTR)?

The current stock price of ClearBridge MLP and Midstream Total Return Fund (CTR) is $40.25 as of September 9, 2024.

What is the market cap of ClearBridge MLP and Midstream Total Return Fund (CTR)?

The market cap of ClearBridge MLP and Midstream Total Return Fund (CTR) is approximately 277.2M.

What is the main objective of ClearBridge MLP and Midstream Total Return Fund Inc.?

The main objective is to provide a high level of total return consisting of cash distributions and capital appreciation.

What sectors does ClearBridge MLP and Midstream Total Return Fund Inc. invest in?

The fund primarily invests in master limited partnerships (MLPs) and midstream energy sector assets, including pipelines and storage facilities.

How does the merger with Franklin Templeton benefit ClearBridge MLP and Midstream Total Return Fund Inc.?

The merger enhances ClearBridge’s investment capabilities by leveraging Franklin Templeton's extensive research and broader asset management infrastructure.

What recent achievements has ClearBridge MLP and Midstream Total Return Fund Inc. accomplished?

Recent achievements include strategic partnerships and investments in sustainable energy projects, enhancing portfolio diversification.

How does ClearBridge MLP and Midstream Total Return Fund Inc. manage investment risks?

The company employs a disciplined investment approach, focusing on quality assets with strong growth potential and reliable cash flows.

Is ClearBridge MLP and Midstream Total Return Fund Inc. focused on sustainable investments?

Yes, ClearBridge is increasingly investing in sustainable energy projects as part of its strategy to diversify its portfolio.

What type of returns can investors expect from ClearBridge MLP and Midstream Total Return Fund Inc.?

Investors can expect a high level of total return, comprising both cash distributions and capital appreciation.

What is the significance of midstream assets in ClearBridge's portfolio?

Midstream assets, such as pipelines and storage facilities, are crucial for the transportation and storage of energy products, providing steady cash flows.

How does ClearBridge MLP and Midstream Total Return Fund Inc. ensure steady income for investors?

The fund focuses on quality investments with reliable cash flows to ensure steady income generation for its investors.

Where can investors find the latest updates about ClearBridge MLP and Midstream Total Return Fund Inc.?

For the latest updates, investors can follow the Franklin Templeton company page on LinkedIn.

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ClearBridge MLP and Midstream Total Return Fund Inc.

NYSE:CTR

CTR Rankings

#3602 Ranked by Market Cap
#388 Ranked by Dividends

CTR Stock Data

277.20M
6.89M
9.22%
46.5%
0.08%
Asset Management
Financial Services
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United States of America
New York