ClearBridge Energy MLP Total Return Fund Inc. Announces Unaudited Balance Sheet Information as of August 31, 2017
September 08 2017 - 8:00AM
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
August 31, 2017.
As of August 31, 2017, the Fund’s net assets were $495.1
million, and its net asset value per share was $12.89. The Fund’s
asset coverage ratio under the Investment Company Act of 1940 (the
“1940 Act”) with respect to senior indebtedness was 380% and the
Fund’s asset coverage ratio under the 1940 Act with respect to
total leverage was 353%
As of August 31, 2017
Amount
(millions)
Per Share
Investments $ 702.0 $ 18.28 Cash and Cash Equivalents 14.3 $
0.37 Other Assets 2.4 $ 0.06 Total Assets $ 718.7 $
18.71 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 $ 13.0 $ 0.34 Other Liabilities 14.6
0.38 Total Liabilities $ 27.6 $ 0.72 Net
Assets $ 495.1 $ 12.89 Outstanding Shares 38,400,142
* The Fund's asset coverage ratio under the 1940 Act with
respect to senior indebtedness was 380%. * The Fund's asset
coverage ratio under the 1940 Act with respect to total leverage
was 353%. Top Ten Holdings (as of August 31, 2017)** Market
Value Name (millions) % of Investments
***
Enterprise Products Partners LP $ 60.1 8.4 % Energy Transfer
Partners LP $ 42.6 5.9 % Brookfield Infrastructure Partners LP $
42.6 5.9 % Williams Partners LP $ 39.5 5.5 % Magellan Midstream
Partners LP $ 38.9 5.4 % ONEOK, Inc. $ 38.3 5.3 % Buckeye Partners
LP $ 34.8 4.9 % Genesis Energy LP $ 31.9 4.5 % Targa Resources Corp
$ 25.6 3.6 % Enlink Midstream Partners LP $ 22.7 3.2 % $
377.0 52.6 % **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/20170908005036/en/
For ClearBridge Energy MLP Total Return Fund Inc.Maria Rosati,
212-805-6036mrosati@leggmason.com
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