ClearBridge Energy MLP Total Return Fund Inc. Announces Unaudited Balance Sheet Information as of April 30, 2017
May 05 2017 - 8:30AM
Business Wire
ClearBridge Energy MLP 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
April 30, 2017.
As of April 30, 2017, the Fund’s net assets were $560.4 million,
and its net asset value per share was $14.59. The Fund’s asset
coverage ratio under the Investment Company Act of 1940 (the “1940
Act”) with respect to senior indebtedness was 416% and the Fund’s
asset coverage ratio under the 1940 Act with respect to total
leverage was 386%.
As of April 30, 2017
Amount
(millions)
Per Share
Investments $ 776.8 $ 20.23 Cash and Cash Equivalents 6.8 $
0.18 Other Assets 6.7 $ 0.16 Total Assets $ 790.3 $ 20.57
Senior Notes* $ 142.0 $ 3.70 Loans Outstanding* 40.0 1.04
Mandatory Redeemable Preferred Shares* 14.0 0.36
Total Leverage $ 196.0 $ 5.10 Deferred Tax Liability $ 31.8
$ 0.83 Other Liabilities 2.1 0.05 Total Liabilities $
33.9 $ 0.88 Net Assets $ 560.4 $ 14.59
Outstanding Shares 38,400,142 * The Fund's asset coverage
ratio under the 1940 Act with respect to senior indebtedness was
416%. * The Fund's asset coverage ratio under the 1940 Act with
respect to total leverage was 386%. Top Ten Holdings (as of
April 30, 2017)** Market Value Name (millions) % of
Investments
***
Enterprise Products Partners LP $ 63.0 8.0% Sunoco Logistics
Partners LP $ 53.6 6.9% Magellan Midstream Partners LP $ 42.9 5.5%
Buckeye Partners LP $ 42.1 5.4% Williams Partners LP $ 40.2 5.1%
Brookfield Infrastructure Partners LP $ 40.1 5.1% Oneok Partners LP
$ 37.0 4.7% Genesis Energy LP $ 34.5 4.4% Targa Resources Corp $
31.6 4.0% Enbridge Energy Partners LP $ 24.3 3.1% $ 409.3
52.2% **Subject to change at any time ***Percent of
Total Investments
ClearBridge Energy MLP 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, as well as its
complete schedule of portfolio holdings for the first and third
quarters of each fiscal year on Form N-Q. These reports are
available on the Commission’s website at www.sec.gov. To obtain
information on Form 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170505005081/en/
Media Contact:Legg MasonMaria Rosati,
212-805-6036mrosati@leggmason.com
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