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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.
ClearBridge MLP and Midstream Total Return Fund (NYSE: CTR) released its unaudited financials as of March 31, 2023. The Fund reported net assets of $241.2 million and a net asset value per share of $35.02. It demonstrated strong leverage ratios, with asset coverage of 414% against senior debt and 335% for total leverage. As of the reporting date, the Fund held investments worth $342.2 million and a minimal cash equivalent of $0.6 million. The total assets amounted to $344.9 million. Notably, the Fund repurchased 32,996 common shares for approximately $935,057 during March. The report highlights the Fund's focus on midstream equity assets and aims to provide returns through capital appreciation and income.
ClearBridge MLP and Midstream Total Return Fund (NYSE: CTR) reported its assets and liabilities as of
ClearBridge MLP and Midstream Total Return Fund (NYSE: CTR) reported its unaudited financial data as of
Legg Mason Partners Fund Advisor, LLC announced the distribution declarations for certain closed-end funds for February 2023. The funds include ClearBridge MLP and Midstream Fund Inc. (CEM), ClearBridge Energy Midstream Opportunity Fund Inc. (EMO), and ClearBridge MLP and Midstream Total Return Fund Inc. (CTR). Key dates are: Record Date: 2/21/2023, Ex-Dividend Date: 2/17/2023, and Payable Date: 2/28/2023. Each fund will distribute $0.6300 (CEM), $0.5300 (EMO), and $0.5500 (CTR), each with a $0.0100 increase from their previous distributions. These distributions may have tax implications, and stockholders will receive Form 1099-DIV in early 2024 for tax reporting.
ClearBridge MLP and Midstream Total Return Fund (NYSE: CTR) reported its financials as of December 31, 2022. The Fund’s net assets totaled $241.3 million, with a net asset value per share of $34.87. It reported an asset coverage ratio of 415% for senior debt and 336% for total leverage. During December, the Fund repurchased and retired 81,915 shares for $2,345,694. ClearBridge is advised by Legg Mason Partners and subadvised by ClearBridge Investments, both subsidiaries of Franklin Resources. This report includes unaudited data.
ClearBridge MLP and Midstream Total Return Fund (NYSE: CTR) reported its unaudited financials as of November 30, 2022. The Fund’s net assets totaled $263.6 million with a net asset value per share of $37.65. The asset coverage ratios were robust, standing at 442% for senior indebtedness and 358% for total leverage. The Fund's total assets amounted to $367.6 million, while total liabilities were $1.7 million. The report also highlights key investments in major energy companies.
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