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ClearBridge Energy MLP Total Return Fund Inc. Announces Unaudited Balance Sheet Information as of January 31, 2014

February 7, 2014

NEW YORK--(BUSINESS WIRE)-- 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 January 31, 2014. The information stated below will be provided by the 5th business day of each month.

As of January 31, 2014, the Fund’s net assets were $886.9 million, and its net asset value per share was $23.15. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to total leverage was 437%.

As of January 31, 2014  
   
Amount (millions)Per Share
 
Investments $ 1,275.0 $ 33.29
Cash and Cash Equivalents 2.7 0.07
Other Assets   9.2   0.24  
Total Assets $ 1,286.9 $ 33.60  
 
Senior Notes* $ 180.0 $ 4.70
Loans Outstanding*   80.0   2.09  
Total Leverage $ 260.0 $ 6.79  
 
Deferred Tax Liability $ 135.4 $ 3.54
Other Liabilities   4.6   0.12  
Total Liabilities $ 140.0 $ 3.66
   
Net Assets $ 886.9 $ 23.15  
 
Outstanding Shares 38,305,191
 
* As of January 31, 2014, the Fund's asset coverage ratio under the 1940 Act was 437%.

 

 

 
 
 
Top Ten Holdings (as of January 31, 2014)**
Market Value
Name (millions) % of Investments ***
MarkWest Energy Partners LP $ 88.6 6.9 %
Enterprise Products Partners LP 80.1 6.3 %
Plains All American Pipeline LP 70.7 5.5 %
Williams Partners LP 66.3 5.2 %
Targa Resources Partners LP 60.7 4.8 %
Kinder Morgan Management LLC Shares 59.8 4.7 %
DCP Midstream Partners LP 51.5 4.0 %
Access Midstream Partners LP 47.5 3.7 %
Energy Transfer Partners LP 45.7 3.6 %
Buckeye Partners LP   42.9   3.4 %
$ 613.8   48.1 %
 
**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, please call 1-888-777-0102 or consult the Fund’s web site at www.lmcef.com.

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.




ClearBridge Energy MLP Total Return Fund Inc.

Maria Rosati, 212-805-6036

mrosati@leggmason.com

Source: ClearBridge Energy MLP Total Return Fund Inc.


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