ClearBridge MLP and Midstream Total Return Fund Inc. Portfolio Composition as of March 31, 2019
ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE: CTR)
announces its portfolio composition as of March 31, 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.
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Portfolio Composition:*
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Diversified Energy Infrastructure
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43.4%
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Liquids Transportation & Storage
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27.7%
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Gathering/Processing
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23.1%
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Natural Gas Transportation & Storage
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1.9%
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Propane
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1.8%
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Refining
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1.2%
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Shipping
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0.7%
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Cash
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0.3%
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Top 10 Holdings
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Enterprise Products Partners LP
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8.5%
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Energy Transfer Equity LP
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7.9%
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Williams Partners LP
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6.8%
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Oneok Partners LP
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5.4%
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Genesis Energy LP
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5.2%
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Magellan Midstream Partners LP
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5.0%
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Kinder Morgan, Inc.
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4.9%
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Enbridge Inc.
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3.9%
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Brookfield Infrastructure
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3.7%
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Targa Resources Corp.
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3.4%
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Portfolio Statistics:
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Inception Date
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June 27, 2012
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Inception Price
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$20.00
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Total Assets
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$607,668,519
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Net Assets**
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$422,668,519
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Loans***
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6.23%
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Fixed Rate Notes***
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23.37%
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Reverse Repos***
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0.0%
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Preferred Shares***
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3.01%
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Market Price:
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$9.70
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NAV
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$11.01
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(Daily NAV is available on market quotation systems using the symbol
XCTRX.)
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Distribution Rate
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$ 0.2200 per share****
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Frequency
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Quarterly (declared quarterly, paid quarterly)
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Note: Prior to October 22, 2018, the fund was known as ClearBridge
Energy MLP Total Return Fund Inc.
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*
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Portfolio holdings and weightings are historical and are presented
here for informational purposes only. They are subject to change at
any time.
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**
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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.
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***
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Percentages are based on total assets.
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****
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The Fund declared the 1Q2019 distribution that will be paid on
February 28, 2019 at a rate of $0.2200 per share.
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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
View source version on businesswire.com: https://www.businesswire.com/news/home/20190425005838/en/
Copyright Business Wire 2019
Source: Business Wire
(April 25, 2019 - 6:00 PM EDT)
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