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     266  0 Kommentare ClearBridge MLP and Midstream Total Return Fund Inc. Announces Unaudited Balance Sheet Information as of March 31, 2019

    ClearBridge MLP and Midstream 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 March 31, 2019.

    As of March 31, 2019, the Fund’s net assets were $422.7 million, and its net asset value per share was $11.01. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 355% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 328%.

     
    As of March 31, 2019
     

    Amount (millions)

    Per Share

     
    Investments $ 609.2 $ 15.87
    Cash and Cash Equivalents 1.8 $ 0.05
    Other Assets   2.3 $ 0.06  
    Total Assets $ 613.3 $ 15.98  
     
    Senior Notes* $ 142.0 $ 3.70
    Loans Outstanding* 29.0 0.76
    Mandatory Redeemable Preferred Shares*   14.0   0.36  
    Total Leverage $ 185.0 $ 4.82  
     
    Deferred Tax Liability $ 4.5 $ 0.12
    Other Liabilities   1.1   0.03  
    Total Liabilities $ 5.6 $ 0.15
       
    Net Assets $ 422.7 $ 11.01  
     
    Outstanding Shares 38,400,142
     
    * The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 355%.
    * The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 328%.
     
    Top Ten Holdings (as of March 31, 2019)**
    Market Value
    Name (millions) % of Investments ***
    Enterprise Products Partners LP $ 51.9 8.5 %
    Energy Transfer LP $ 48.2 7.9 %
    Williams Cos. Inc. $ 41.5 6.8 %
    ONEOK Inc. $ 33.1 5.4 %
    Genesis Energy LP $ 31.6 5.2 %
    Magellan Midstream Partners LP $ 30.4 5.0 %
    Kinder Morgan Inc. $ 30.1 4.9 %
    Enbridge Inc. $ 24.1 3.9 %
    Broookefield Infrastructure Partners LP $ 22.6 3.7 %
    Targa Resources Corp. $ 20.9   3.4 %
    $ 334.4   54.7 %
     
    **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”).

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    ClearBridge MLP and Midstream Total Return Fund Inc. Announces Unaudited Balance Sheet Information as of March 31, 2019 ClearBridge MLP and Midstream 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 March 31, 2019. …