ClearBridge Energy MLP Total Return Fund Inc. Announces Unaudited Balance Sheet Information as of September 30, 2016

NEW YORK--()--ClearBridge Energy MLP 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 September 30, 2016.

As of September 30, 2016, the Fund’s net assets were $547.6 million, and its net asset value per share was $14.26. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 485% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 442%.

 
As of September 30, 2016
 

Amount (millions)

Per Share

 
Investments $ 724.7 $ 18.87
Cash and Cash Equivalents 0.7 $ 0.01
Other Assets   1.6 $ 0.04  
Total Assets $ 727.0 $ 18.92  
 
Senior Notes* $ 142.0 $ 3.70
Loans Outstanding* 4.0 0.10
Mandatory Redeemable Preferred Shares*   14.0   0.36  
Total Leverage $ 160.0 $ 4.16  
 
Deferred Tax Liability $ 18.9 $ 0.49
Other Liabilities   0.5   0.01  
Total Liabilities $ 19.4 $ 0.50
   
Net Assets $ 547.6 $ 14.26  
 
Outstanding Shares 38,400,142
 
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 485%.
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 442%.
 
Top Ten Holdings (as of September 30, 2016)**
Market Value
Name (millions) % of Investments
Enterprise Products Partners LP $ 52.0 7.2 %
Energy Transfer Partners LP 46.7 6.4 %
Targa Resources Corp 39.5 5.4 %
Magellan Midstream Partners LP 37.6 5.2 %
Brookfield Infrastructure Partners LP 35.3 4.9 %
Buckeye Partners LP 34.0 4.7 %
Enbridge Energy Partners LP 32.0 4.4 %
Genesis Energy LP 29.7 4.1 %
MPLX LP 28.5 3.9 %
Oneok Partners LP   25.9   3.6 %
$ 361.2   49.8 %
 
**Subject to change at any time
***Percent of Total Investments
 

ClearBridge Energy MLP 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”).

This financial data is unaudited.

The Fund files its semi-annual and annual reports with the Securities and Exchange Commission, as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year on Form N-Q. These reports are available on the Commission’s website at www.sec.gov. To obtain information on Form N-Q or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.

For more information about the Fund, please call 1-888-777-0102 or consult the Fund’s website at www.lmcef.com. 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. Legg Mason and its affiliates do not engage in selling shares of the Fund.

Contacts

Media:
Legg Mason
Maria Rosati, (212) 805-6036
mrosati@leggmason.com

Contacts

Media:
Legg Mason
Maria Rosati, (212) 805-6036
mrosati@leggmason.com