ClearBridge MLP and Midstream Total Return Fund Inc. Announces Unaudited Balance Sheet Information as of August 31, 2024

Business Wire09-06

NEW YORK, September 06, 2024--(BUSINESS WIRE)--ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE: CTR) announced today the unaudited statement of assets and liabilities, the net asset value ...

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(NYSE: CTR) announced today the unaudited statement of assets and liabilities, the net asset value ...</p>\n\n<a href=\"https://finance.yahoo.com/news/clearbridge-mlp-midstream-total-return-120000085.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ClearBridge MLP and Midstream Total Return Fund Inc. 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Announces Unaudited Balance Sheet Information as of August 31, 2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-06 20:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/clearbridge-mlp-midstream-total-return-120000085.html><strong>Business Wire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK, September 06, 2024--(BUSINESS WIRE)--ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE: CTR) announced today the unaudited statement of assets and liabilities, the net asset value ...</p>\n\n<a href=\"https://finance.yahoo.com/news/clearbridge-mlp-midstream-total-return-120000085.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CTR","symbol_name":"ClearBridge Energy MLP Total Return Fund Inc","start_time":0,"source_url":"https://finance.yahoo.com/news/clearbridge-mlp-midstream-total-return-120000085.html","article_id":"2465965926","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2465965926","pubTimestamp":1725624000,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"NEW YORK, September 06, 2024----ClearBridge MLP and Midstream 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 August 31, 2024.As of August 31, 2024, the Fund’s net assets were $165.5 million, and its net asset value per share was $48.08. The Fund’s asset coverage ratio under the Investment Company Act of 1940  with respect to senior indebtedness was 468% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 380%.ClearBridge MLP and Midstream Total Return Fund Inc. is a non-diversified, closed-end management investment company, which is advised by Franklin Templeton Fund Adviser, LLC   and subadvised by ClearBridge Investments, LLC . 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(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, 2024.\nAs of August 31, 2024, the Fund’s net assets were $165.5 million, and its net asset value per share was $48.08. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the \"1940 Act\") with respect to senior indebtedness was 468% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 380%.\n\n\n\n\n\n\n\n \n\n\n\nAs of August 31, 2024\n\n\n\n\n\n\n\n \n\n\n\nAmount (millions)\n\nPer Share\n\n\n\n\n\n\n\n \n\n\nInvestments\n$\n231.6\n\n$\n67.27\n\n\n\nCash and Cash Equivalents\n\n3.8\n\n\n1.11\n\n\n\nOther Assets\n\n0.6\n\n\n0.17\n\n\n\nTotal Assets\n$\n236.0\n\n$\n68.55\n\n\n\n\n\n\n\n \n\n\nSenior Notes*\n$\n14.0\n\n$\n4.07\n\n\n\nLoans Outstanding*\n\n34.0\n\n\n9.87\n\n\n\nMandatory Redeemable Preferred Shares*\n\n11.0\n\n\n3.19\n\n\n\nTotal Leverage\n$\n59.0\n\n$\n17.13\n\n\n\n\n\n\n\n \n\n\nIncome Tax Payable\n$\n4.3\n\n$\n1.25\n\n\n\nDeferred Tax Liability\n\n4.7\n\n\n1.36\n\n\n\nOther Liabilities\n\n2.5\n\n\n0.73\n\n\n\nTotal Liabilities\n$\n11.5\n\n$\n3.34\n\n\n\n\n\n\n\n \n\n\nNet Assets\n$\n165.5\n\n$\n48.08\n\n\n\n\n\n\n\n \n\n\nOutstanding Shares\n\n3,443,417\n\n\n\n\n\n\n\n\n\n \n\n\n* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 468%.\n\n\n* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 380%.\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\nTop Ten Equity Holdings (as of August 31, 2024)**\n\n\n\n\n\n\n\nMarket Value\n\n\n\n\n\nName\n(millions)\n\n% of Investments\n***\n\n\nEnergy Transfer LP\n$\n24.3\n\n\n10.5%\n\n\n\nTarga Resources Corp.\n$\n23.9\n\n\n10.3%\n\n\n\nONEOK Inc.\n$\n21.6\n\n\n9.3%\n\n\n\nWestern Midstream Partners LP\n$\n17.0\n\n\n7.3%\n\n\n\nMPLX LP\n$\n16.6\n\n\n7.2%\n\n\n\nWilliams Cos. Inc.\n$\n14.3\n\n\n6.2%\n\n\n\nEnterprise Products Partners LP\n$\n14.1\n\n\n6.1%\n\n\n\nEnbridge Inc.\n$\n12.0\n\n\n5.2%\n\n\n\nPlains All American Pipeline LP\n$\n11.2\n\n\n4.8%\n\n\n\nKinder Morgan Inc.\n$\n11.0\n\n\n4.7%\n\n\n\n\n$\n166.0\n\n\n71.6%\n\n\n\n** Subject to change at any time\n\n\n\n\n\n\n*** Percent of Total Equity Investments\n\n\n\n\n\n\n\nClearBridge MLP and Midstream Total Return Fund Inc. is a non-diversified, closed-end management investment company, which is advised by Franklin Templeton Fund Adviser, LLC (\"FTFA\") (formerly known as Legg Mason Partners Fund Advisor, LLC) and subadvised by ClearBridge Investments, LLC (\"ClearBridge\"). FTFA and ClearBridge are indirect, wholly-owned subsidiaries of Franklin Resources, Inc. (\"Franklin Resources\").\nThis financial data is unaudited.\nThe 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.\nFor 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.\nData 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.\nCategory: Financials\nSource: Franklin Resources, Inc.\nSource: Legg Mason Closed End Funds\nView source version on businesswire.com: https://www.businesswire.com/news/home/20240906067609/en/\nContacts\nInvestor Contact: Fund Investor Services 1-888-777-0102","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2465965926"}