ClearBridge MLP and Midstream Total Return Fund Inc. Announce Unaudited Balance Sheet Information as of May 31, 2022


NEW YORK, June 07, 2022–(BUSINESS WIRE)–ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE: CTR) today announced the unaudited statement of assets and liabilities, net asset value and asset coverage ratio of the Fund as of May 31, 2022.

As of May 31, 2022, the Fund’s net assets were $271.1 million and its net asset value per share was $38.72. The Fund’s asset coverage ratio under the Investment Companies Act 1940 (the “1940 Act”) in respect of senior debt was 403% and the Funds under the 1940 Act with respect to total leverage was 369%.

As of May 31, 2022

Amount (millions)

Per share

Investments

$

364.5

$

52.05

Cash and cash equivalents

3.8

0.54

other assets

4.6

0.66

Total assets

$

372.9

$

53.25

Senior Notes*

$

27.4

$

3.91

Current loans*

65.0

9.28

Mandatory redeemable preferred shares*

8.5

1.21

Total leverage

$

100.9

$

2:40 p.m.

Other liabilities

$

0.9

$

0.13

Total responsibilities

$

0.9

$

0.13

Net assets

$

271.1

$

38.72

Outstanding shares

7,001,744

* The Fund’s asset coverage ratio under the 1940 Act for senior debt was 403%.

* The Fund’s asset coverage ratio under the 1940 Act to full leverage was 369%.

Top ten equity holdings (as of May 31, 2022)**

Market value

Last name

(millions)

% investments

***

LP Energy Transfer

$

29.2

8.0

%

MPLX-LP

$

28.9

7.9

%

Targa Resources Corp.

$

27.4

7.5

%

Enterprise Products Partners LP

$

26.5

7.3

%

Western Midstream Partners LP

$

26.1

7.1

%

Williams Cos. Inc.

$

19.2

5.3

%

Magellan Midstream Partners LP

$

19.0

5.2

%

DCP Midstream LP

$

18.8

5.1

%

ONEOK inc.

$

16.5

4.5

%

Plains All American Pipeline LP

$

16.3

4.5

%

$

227.9

62.4

%

** May change at any time

*** Percentage of total equity investments

During the month ended May 31, 2022, the Fund repurchased on the open market and redeemed 28,000 of its common shares under the share buyback plan for a total amount of $827,443.

ClearBridge MLP and Midstream Total Return Fund Inc. is a non-diversified, closed-end investment company advised by Legg Mason Partners Fund Advisor, LLC (“LMPFA”) and sub-advised by ClearBridge Investments, LLC (“ClearBridge”). . LMPFA and ClearBridge are indirect wholly-owned subsidiaries of Franklin Resources, Inc. (“Franklin Resources”).

These financial data are not audited.

The Fund files its semi-annual and annual reports with the Securities and Exchange Commission (“SEC”), as well as its full schedule of portfolio holdings for the first and third quarters of each fiscal year as an attachment to its reports on the N-PORT form. These reports are available on the SEC’s website at www.sec.gov. For information on the form N-PORT or a semi-annual or annual report of the Fund, shareholders can call 1-888-777-0102.

For more information about the Fund, please call 1-888-777-0102 or visit the Fund’s website at www.franklintempleton.com/investments/options/closed-end-funds. Hard copies of the complete audited financial statements of the Fund are available free of charge upon request.

The data and comments provided in this press release are for informational purposes only. Franklin Resources and its affiliates do not engage in the sale of shares of the Fund.

Category: Finance

Source: Franklin Resources, Inc.

Source: Legg Mason Closed-End Fund

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220607005679/en/

contacts

Investor: Fund Investor Services 1-888-777-0102

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