ClearBridge MLP and Midstream Fund Inc. Announces Unaudited Balance Sheet Information as of February 29, 2024
As of
As of |
||||||
Amount (millions) | Per Share | |||||
Investments |
$ |
875.0 |
$ |
65.82 |
||
Cash and Cash Equivalents |
|
9.4 |
|
0.71 |
||
Other Assets |
|
23.3 |
|
1.75 |
||
Total Assets |
$ |
907.7 |
$ |
68.28 |
||
Senior Notes* |
$ |
45.0 |
$ |
3.38 |
||
Loans Outstanding* |
|
154.5 |
|
11.62 |
||
Mandatory Redeemable Preferred Shares* |
|
57.4 |
|
4.32 |
||
Total Leverage |
$ |
256.9 |
$ |
19.32 |
||
Income Tax Payable † |
$ |
14.5 |
$ |
1.09 |
||
Deferred Tax Liability |
|
3.3 |
|
0.25 |
||
Other Liabilities |
|
23.4 |
|
1.76 |
||
Total Liabilities |
$ |
41.2 |
$ |
3.10 |
||
Net Assets |
$ |
609.6 |
$ |
45.86 |
||
Outstanding Shares |
|
13,294,195 |
||||
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 434%. | ||||||
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 337%. | ||||||
† Income tax payable, previously netted in Other Liabilities, resulted from portfolio turnover. | ||||||
|
||||||
Market Value | ||||||
|
(millions) | % of Investments | *** | |||
Energy Transfer LP |
$ |
110.6 |
|
12.6% |
||
ONEOK Inc. |
$ |
86.7 |
|
9.9% |
||
MPLX LP |
$ |
78.3 |
|
8.9% |
||
Western Midstream Partners LP |
$ |
71.2 |
|
8.1% |
||
Enterprise Products Partners LP |
$ |
68.1 |
|
7.8% |
||
Targa Resources Corp. |
$ |
57.3 |
|
6.5% |
||
Plains All American Pipeline LP |
$ |
46.9 |
|
5.4% |
||
Plains GP Holdings LP |
$ |
46.4 |
|
5.3% |
||
Williams Cos. Inc. |
$ |
45.6 |
|
5.2% |
||
Kinder Morgan Inc. |
$ |
41.1 |
|
4.7% |
||
$ |
652.2 |
|
74.4% |
|||
** Subject to change at any time | ||||||
*** Percent of Total Equity Investments |
This financial data is unaudited.
The Fund files its semi-annual and annual reports with the
For 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.
Data 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.
Category: Financials
Source: Franklin Resources, Inc.
Source: Legg Mason Closed End Funds
View source version on businesswire.com: https://www.businesswire.com/news/home/20240307434798/en/
Investor:
Source: Franklin Resources, Inc. and Legg Mason Closed End Funds