ClearBridge MLP and Midstream Total Return Fund Inc. Announces Unaudited Balance Sheet Information as of November 30, 2018
December 07 2018 - 8:30AM
Business Wire
ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE:CTR),
formerly known as ClearBridge Energy MLP Total Return Fund Inc.,
announced today the unaudited statement of assets and liabilities,
the net asset value and asset coverage ratio of the Fund as of
November 30, 2018.
As of November 30, 2018, the Fund’s net assets were $401.3
million, and its net asset value per share was $10.45. The Fund’s
asset coverage ratio under the Investment Company Act of 1940 (the
“1940 Act”) with respect to senior indebtedness was 329% and the
Fund’s asset coverage ratio under the 1940 Act with respect to
total leverage was 306%.
As of November 30, 2018
Amount
(millions)
Per Share
Investments $ 590.4 $ 15.37 Cash and Cash Equivalents 5.3 $
0.14 Other Assets 2.6 $ 0.07 Total Assets $ 598.3 $ 15.58
Senior Notes* $ 142.0 $ 3.70 Loans Outstanding* 39.0 1.02
Mandatory Redeemable Preferred Shares* 14.0 0.36
Total Leverage $ 195.0 $ 5.08 Deferred Tax Liability $ - $ -
Other Liabilities 2.0 0.05 Total Liabilities $ 2.0 $
0.05 Net Assets $ 401.3 $ 10.45 Outstanding
Shares 38,400,142 * The Fund's asset coverage ratio under
the 1940 Act with respect to senior indebtedness was 329%. * The
Fund's asset coverage ratio under the 1940 Act with respect to
total leverage was 306%. Top Ten Holdings (as of November
30, 2018)** Market Value Name (millions) % of
Investments *** Enterprise Products Partners LP $ 53.4 9.0% Energy
Transfer LP $ 47.0 7.9% Williams Cos Inc. $ 38.1 6.4% ONEOK, Inc. $
34.4 5.8% Magellan Midstream Partners LP $ 31.2 5.2% Genesis Energy
LP $ 29.9 5.0% Targa Resources Corp. $ 23.4 3.9% Brookfield
Infrastructure Partners LP $ 20.6 3.5% EnLink Midstream Partners LP
$ 19.2 3.2% Plains All American Pipeline LP $ 18.0 3.0% $
315.2 52.9% **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, 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181207005075/en/
Investors: Fund Investor Services 1-888-777-0102
ClearBridge MLP and Mids... (NYSE:CTR)
Historical Stock Chart
From Mar 2024 to Apr 2024
ClearBridge MLP and Mids... (NYSE:CTR)
Historical Stock Chart
From Apr 2023 to Apr 2024