ClearBridge MLP and Midstream Total Return Fund Inc. Announces Unaudited Balance Sheet Information as of December 31, 2021
NEW YORK--(BUSINESS WIRE)--Jan 7, 2022--
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 December 31, 2021.
As of December 31, 2021, the Fund’s net assets were $207.1 million, and its net asset value per share was $29.30. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 421% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 362%.
|As of December 31, 2021|
|Amount (millions)||Per Share|
|Cash and Cash Equivalents|
|Mandatory Redeemable Preferred Shares*|
|* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 421%.|
|* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 362%.|
|Top Ten Equity Holdings (as of December 31, 2021)**|
|Name||(millions)||% of Investments||***|
|Enterprise Products Partners LP|
|Energy Transfer LP|
|Targa Resources Corp.|
|Western Midstream Partners LP|
|DCP Midstream LP|
|Williams Cos. Inc.|
|Plains All American Pipeline LP|
|Delek Logistics Partners LP|
|** Subject to change at any time|
|*** Percent of Total Equity Investments|
During the month ended December 31, 2021, the Fund repurchased in the open market and retired 7,691 of its common shares under the stock repurchase plan for a total amount of $183,002.
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 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.
Source: Franklin Resources, Inc.
Source: Legg Mason Closed End Funds
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Investor Contact: Fund Investor Services 1-888-777-0102
KEYWORD: NEW YORK UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE
SOURCE: Franklin Resources, Inc. and Legg Mason Closed End Funds
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PUB: 01/07/2022 08:00 AM/DISC: 01/07/2022 08:02 AM