ClearBridge MLP and Midstream TR Stock Price, News & Analysis

ClearBridge MLP and Midstream Total Return Fund (NYSE: CTR) released its unaudited financials as of March 31, 2023. The Fund reported net assets of $241.2 million and a net asset value per share of $35.02. It demonstrated strong leverage ratios, with asset coverage of 414% against senior debt and 335% for total leverage. As of the reporting date, the Fund held investments worth $342.2 million and a minimal cash equivalent of $0.6 million. The total assets amounted to $344.9 million. Notably, the Fund repurchased 32,996 common shares for approximately $935,057 during March. The report highlights the Fund's focus on midstream equity assets and aims to provide returns through capital appreciation and income.

ClearBridge MLP and Midstream Total Return Fund (NYSE: CTR) reported its assets and liabilities as of February 28, 2023. The Fund's net assets totaled $246.6 million, with a net asset value per share of $35.64. Its asset coverage ratios stood at 421% for senior indebtedness and 341% for total leverage under the Investment Company Act of 1940. The Fund's total investments amounted to $347.4 million, including cash equivalents of $3.3 million. The Fund has 6,919,829 outstanding shares. This financial information is unaudited and reflects the Fund's position as a closed-end investment company managed by Legg Mason Partners Fund Advisor and ClearBridge Investments.

ClearBridge MLP and Midstream Total Return Fund (NYSE: CTR) reported its unaudited financial data as of January 31, 2023. The Fund's net assets reached $259.8 million, translating to a net asset value per share of $37.54. Its asset coverage ratio for senior indebtedness stood at 437%, while the total leverage ratio was 354%. Total assets were recorded at $366.6 million, with investments amounting to $358 million. The Fund's financial health is supported by a substantial asset coverage ratio, indicating solid backing for its senior notes and loan obligations.

Legg Mason Partners Fund Advisor, LLC announced the distribution declarations for certain closed-end funds for February 2023. The funds include ClearBridge MLP and Midstream Fund Inc. (CEM), ClearBridge Energy Midstream Opportunity Fund Inc. (EMO), and ClearBridge MLP and Midstream Total Return Fund Inc. (CTR). Key dates are: Record Date: 2/21/2023, Ex-Dividend Date: 2/17/2023, and Payable Date: 2/28/2023. Each fund will distribute $0.6300 (CEM), $0.5300 (EMO), and $0.5500 (CTR), each with a $0.0100 increase from their previous distributions. These distributions may have tax implications, and stockholders will receive Form 1099-DIV in early 2024 for tax reporting.

ClearBridge MLP and Midstream Total Return Fund (NYSE: CTR) reported its financials as of December 31, 2022. The Fund’s net assets totaled $241.3 million, with a net asset value per share of $34.87. It reported an asset coverage ratio of 415% for senior debt and 336% for total leverage. During December, the Fund repurchased and retired 81,915 shares for $2,345,694. ClearBridge is advised by Legg Mason Partners and subadvised by ClearBridge Investments, both subsidiaries of Franklin Resources. This report includes unaudited data.

ClearBridge MLP and Midstream Total Return Fund (NYSE: CTR) reported its unaudited financials as of November 30, 2022. The Fund’s net assets totaled $263.6 million with a net asset value per share of $37.65. The asset coverage ratios were robust, standing at 442% for senior indebtedness and 358% for total leverage. The Fund's total assets amounted to $367.6 million, while total liabilities were $1.7 million. The report also highlights key investments in major energy companies.