ClearBridge MLP and Midstream Total Return Fund Inc. Announces Unaudited Balance Sheet Information as of August 31, 2024
06 September 2024 - 10:00PM
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
August 31, 2024.
As of August 31, 2024, the Fund’s net assets were $165.5
million, and its net asset value per share was $48.08. The Fund’s
asset coverage ratio under the Investment Company Act of 1940 (the
“1940 Act”) with respect to senior indebtedness was 468% and the
Fund’s asset coverage ratio under the 1940 Act with respect to
total leverage was 380%.
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 468%. * The Fund's asset
coverage ratio under the 1940 Act with respect to total leverage
was 380%. Top Ten Equity Holdings (as of August 31,
2024)** Market Value Name (millions) % of Investments *** Energy
Transfer LP
$
24.3
10.5%
Targa Resources Corp.
$
23.9
10.3%
ONEOK Inc.
$
21.6
9.3%
Western Midstream Partners LP
$
17.0
7.3%
MPLX LP
$
16.6
7.2%
Williams Cos. Inc.
$
14.3
6.2%
Enterprise Products Partners LP
$
14.1
6.1%
Enbridge Inc.
$
12.0
5.2%
Plains All American Pipeline LP
$
11.2
4.8%
Kinder Morgan Inc.
$
11.0
4.7%
$
166.0
71.6%
** 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
ClearBridge MLP and Mids... (NYSE:CTR)
Historical Stock Chart
From Oct 2024 to Nov 2024
ClearBridge MLP and Mids... (NYSE:CTR)
Historical Stock Chart
From Nov 2023 to Nov 2024