2022-07-08 | NYSE: CTR | Press release

ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE: CTR) today announced the unaudited statement of assets and liabilities, net asset value and asset coverage ratio of the Fund as of June 30, 2022 .

As of June 30, 2022, the Fund’s net assets were $221.2 million and its net asset value per share was $31.59. The Fund’s asset coverage ratio under the Investment Companies Act 1940 (the “1940 Act”) in respect of senior indebtedness was 379%and the Fund’s asset coverage ratio under the 1940 Act to total leverage was 343%.

As of June 30, 2022
Amount (millions) Per share
Investments

$302.6

$43.21

Cash and cash equivalents

6.5

0.93

other assets

4.0

0.57

Total assets

$313.1

$44.71

Senior Notes*

$27.4

$3.91

Current loans*

55.0

7.86

Mandatory redeemable preferred shares*

8.5

1.21

Total leverage

$90.9

$12.98

Other liabilities

$1.0

$0.14

Total responsibilities

$1.0

$0.14

Net assets

$221.2

$31.59

Outstanding shares

7,001,744

* The Fund’s asset coverage ratio under the 1940 Act for senior debt was 379%.
* The Fund’s asset coverage ratio under the 1940 Act to full leverage was 343%.
Top ten equity holdings (as of June 30, 2022)**
Market value
Last name (millions)

% investments

***
LP Energy Transfer

$21.0

6.9%

MPLX-LP

$20.6

6.8%

Western Midstream Partners LP

$20.1

6.7%

Enterprise Products Partners LP

$19.2

6.4%

Targa Resources Corp.

$18.9

6.2%

Magellan Midstream Partners LP

$17.0

5.6%

Williams Cos. Inc.

$16.2

5.3%

Logistics Partners Delek LP

$13.1

4.3%

Enbridge Inc.

$12.7

4.2%

DCP Midstream LP

$12.2

4.0%

$171.0

56.4%

** May change at any time
*** Percentage of total equity investments

ClearBridge MLP and Midstream Total Return Fund Inc. is a non-diversified, closed-end investment company, which is advised by Legg Mason Partners Fund Advisor, LLC (“LMPFA”) and sub-advised by ClearBridge Investments, LLC (“ClearBridge” ) . LMPFA and ClearBridge are indirect wholly-owned subsidiaries of Franklin Resources, Inc. (“Franklin Resources””).

These financial data are not audited.

The Fund files its semi-annual and annual reports with the Securities and Exchange Commission (“SEC”), as well as its full schedule of portfolio holdings for the first and third quarters of each fiscal year as an attachment to its reports on the N-PORT form. These reports are available on the SEC’s website at www.sec.gov. For information on the form N-PORT or a semi-annual or annual report of the Fund, shareholders can call 1-888-777-0102.

For more information about the Fund, please call 1-888-777-0102 or visit the Fund’s website at www.franklintempleton.com/investments/options/closed-end-funds. Hard copies of the complete audited financial statements of the Fund are available free of charge upon request.

The data and comments provided in this press release are for informational purposes only. Franklin Resources and its affiliates do not engage in the sale of shares of the Fund.

Category: Finance

Source: Franklin Resources, Inc.

Source: Legg Mason Closed-End Fund

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