NEW YORK–(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 May 31, 2019.
As of May 31, 2019, the Fund’s net assets were $396.9 million, and its
net asset value per share was $10.34. The Fund’s asset coverage ratio
under the Investment Company Act of 1940 (the “1940 Act”) with respect
to senior indebtedness was 340% and the Fund’s asset coverage ratio
under the 1940 Act with respect to total leverage was 315%.
| As of May 31, 2019 | ||||||||
|
Amount (millions) |
Per Share |
|||||||
| Investments | $ | 577.7 | $ | 15.04 | ||||
| Cash and Cash Equivalents | 3.4 | $ | 0.09 | |||||
| Other Assets | 3.6 | $ | 0.09 | |||||
| Total Assets | $ | 584.7 | $ | 15.22 | ||||
| Senior Notes* | $ | 142.0 | $ | 3.70 | ||||
| Loans Outstanding* | 29.0 | 0.76 | ||||||
| Mandatory Redeemable Preferred Shares* | 14.0 | 0.36 | ||||||
| Total Leverage | $ | 185.0 | $ | 4.82 | ||||
| Deferred Tax Liability | $ | – | $ | – | ||||
| Other Liabilities | 2.8 | 0.06 | ||||||
| Total Liabilities | $ | 2.8 | $ | 0.06 | ||||
| Net Assets | $ | 396.9 | $ | 10.34 | ||||
| Outstanding Shares | 38,400,142 | |||||||
|
* The Fund’s asset coverage ratio under the 1940 Act with respect to senior indebtedness was 340%. |
||||||||
|
* The Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 315%. |
||||||||
| Top Ten Holdings (as of May 31, 2019)** | ||||||||
| Market Value | ||||||||
| Name | (millions) | % of Investments | *** | |||||
| Enterprise Products Partners LP | $ | 49.7 | 8.6% | |||||
| Energy Transfer LP | $ | 44.5 | 7.7% | |||||
| Williams Cos. Inc. | $ | 38.1 | 6.6% | |||||
| Magellan Midstream Partners LP | $ | 30.9 | 5.3% | |||||
| ONEOK Inc. | $ | 30.2 | 5.2% | |||||
| Kinder Morgan Inc. | $ | 30.0 | 5.2% | |||||
| Genesis Energy LP | $ | 29.6 | 5.1% | |||||
| Enbridge Inc. | $ | 24.5 | 4.2% | |||||
| Brookefield Infrastructure Partners LP | $ | 22.3 | 3.8% | |||||
| Targa Resources Corp. | $ | 19.4 | 3.3% | |||||
| $ | 319.2 | 55.0% | ||||||
| ** Subject to change at any time | ||||||||
| *** Percent of Total Investments | ||||||||
ClearBridge MLP and Midstream Total Return Fund Inc. is a
non-diversified, closed-end management investment company which is
advised by Legg Mason Partners Fund Advisor, LLC (“LMPFA”) and
subadvised by ClearBridge Investments, LLC (“ClearBridge”). LMPFA and
ClearBridge are wholly owned subsidiaries of Legg Mason, Inc. (“Legg
Mason”).
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.
Previously, the Fund filed a complete schedule of portfolio holdings
with the SEC for the first and third quarters of each fiscal year on
Form N-Q. These reports are available on the SEC’s website at www.sec.gov.
To obtain information on Forms N-PORT and N-Q 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.lmcef.com.
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. Legg Mason and its affiliates do not engage in selling
shares of the Fund.
Contacts
Investors: Fund Investor Services 1-888-777-0102
