ClearBridge MLP and Midstream Total Return Fund Inc. Portfolio Composition as of June 30, 2019

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Jul 23, 2019 08:00 am
NEW YORK -- 

ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE: CTR) announces its portfolio composition as of June 30, 2019.

Investment Objective: The Fund seeks to provide a high level of total return, consisting of cash distributions and capital appreciation.

Investment Strategy: Under normal market conditions the Fund invests at least 80% of its managed assets in energy master limited partnerships (“MLPs”) and energy midstream entities. Energy entities are engaged in the business of exploring, developing, producing, gathering, fractionating, transporting, processing, storing, refining, distributing, mining or marketing natural gas, natural gas liquids (including propane), crude oil, refined petroleum products or coal. The Fund may also invest up to 20% of its managed assets in other securities that are not MLPs or midstream entities.

Portfolio Composition:*

 

Diversified Energy Infrastructure

42.0%

Liquids Transportation & Storage

29.8%

Gathering/Processing

22.9%

Natural Gas Transportation & Storage

1.9%

Refining

1.2%

Propane

1.1%

Shipping

0.6%

Cash

0.4%

 

 

Top 10 Holdings

 

Energy Transfer Equity LP

8.7%

Enterprise Products Partners LP

8.6%

Williams Partners LP

6.8%

Oneok Partners LP

5.4%

Magellan Midstream Partners LP

5.4%

Kinder Morgan, Inc.

5.2%

Genesis Energy LP

5.0%

Plains All American Pipeline LP

4.2%

Enbridge Inc.

4.0%

Brookfield Infrastructure

3.9%

 

 

 

 

Portfolio Statistics:

 

Inception Date

June 27, 2012

Inception Price

$20.00

Total Assets

$595,689,274

Net Assets**

$410,689,274

Loans***

6.39%

Fixed Rate Notes***

23.84%

Reverse Repos***

0.0%

Preferred Shares***

3.09%

 

 

Market Price:

$9.38

NAV

$10.69

(Daily NAV is available on market quotation systems using the symbol XCTRX.)

 

 

Distribution Rate

$ 0.2200 per share****

Frequency

Quarterly (declared quarterly, paid quarterly)

Note: Prior to October 22, 2018, the fund was known as ClearBridge Energy MLP Total Return Fund Inc.

*    

Portfolio holdings and weightings are historical and are presented here for informational purposes only. They are subject to change at any time.

**  

The difference between total assets and net assets, if any, is due primarily to the Fund’s use of borrowings and other liabilities; net assets do not include borrowings. The Fund may employ leverage in the form of loans, preferred stock and/or other instruments. When the Fund engages in transactions that have a leveraging effect on the Fund’s portfolio, the value of the Fund will be more volatile and all other risks will tend to be compounded.

***      

Percentages are based on total assets.

****     

The Fund declared the 3Q2019 distribution that will be paid on August 30, 2019 at a rate of $0.2200 per share.   

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”).

An investment in the Fund involves risk, including loss of principal. The Fund's concentration of investments in energy related MLPs and midstream entities subject it to the risks of investing in MLPs, midstream entities and the energy sector. Investment return and the value of shares will fluctuate.

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.

For more information, please call Fund Investor Services at 1-888-777-0102, or consult the Fund’s web site at http://www.lmcef.com. Hard copies of the Fund’s complete audited financial statements are available free of charge upon request.

FN1212940

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

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