ClearBridge MLP and Midstream Total Return Fund Inc. Announce Information on Their Unaudited Balance Sheet as at September 30, 2021 | 2021-10-07 | Press Releases

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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 at September 30, 2021.

As at September 30, 2021, the Fund’s net assets were $ 208.3 million and its net asset value per share was $ 29.27. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the 1940 Act & CloseCurlyDoubleQuote;) with respect to senior debt was 443%and the coverage ratio of the Fund’s assets under the 1940 Act to total leverage was 378%.

As of September 30, 2021

Amount (millions)

Per share

Investments

$

277.7

$

39.03

Cash and cash equivalents

2.2

0.31

other assets

14.3

2.01

Total assets

$

294.2

$

41.35

Senior Notes *

$

27.4

$

3.85

Outstanding loans *

36.5

5.13

Mandatory redeemable preferred shares *

11.0

1.55

Total leverage

$

74.9

$

10.53

Other liabilities

$

11.0

$

1.55

Total responsibilities

$

11.0

$

1.55

Net assets

$

208.3

$

29.27

Outstanding shares

7,117,599

* The Fund’s asset coverage ratio under the 1940 Senior Debt Act was 443%.
* The coverage ratio of the Fund’s assets under the 1940 Act to total leverage was 378%.
Top ten equity securities (as of September 30, 2021) **
Market value
name (millions) % investments ***
Targa Resources Corp.

$

25.4

9.1

%

MPLX LP

$

20.2

7.3

%

Company Products Partners LP

$

19.3

7.0

%

West LP Midstream Partners

$

14.8

5.3

%

DCP Midstream LP

$

14.8

5.3

%

ONEOK Inc.

$

14.5

5.2

%

Williams Cos. Inc.

$

13.4

4.8

%

Activate Midstream Partners LP

$

12.8

4.6

%

Delek LP Logistics Partners

$

12.2

4.4

%

Enbridge inc.

$

11.0

4.0

%

$

158.4

57.0

%

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

ClearBridge MLP and Midstream Total Return Fund Inc. is an undiversified closed-end investment company advised by Legg Mason Partners Fund Advisor, LLC (“LMPFA & CloseCurlyDoubleQuote;) and sub-advised by ClearBridge Investments, LLC (“ ClearBridge & CloseCurlyDoubleQuote;). LMPFA and ClearBridge are indirect wholly owned subsidiaries of Franklin Resources, Inc. (“Franklin Resources & CloseCurlyDoubleQuote;).

These financial data are not audited.

The Fund files its semi-annual and annual reports with the Securities and Exchange Commission (“SEC & CloseCurlyDoubleQuote); -PORT. These reports are available on the SEC & CloseCurlyQuote website at www.sec.gov. For information on the form N-PORT or 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 Fund’s complete audited financial statements 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 sell shares of the Fund.

Category: Finances

Source: Franklin Resources, Inc.

Source: Legg Mason Closed End Fund


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