ClearBridge Energy MLP Total Return Fund Inc. Announces Unaudited Balance Sheet Information as of May 31, 2013

Fri Jun 7, 2013 8:00am EDT

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ClearBridge Energy MLP Total Return Fund Inc. Announces Unaudited Balance Sheet Information as of May 31, 2013

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 ratios of the Fund as of May 31, 2013. The information stated below will be provided by the 5th business day of each month.

As of May 31, 2013, the Fund’s net assets were $851.0 million, and its net asset value per share was $22.26. As of May 31, 2013, the Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 act”) with respect to total leverage was 432%.

                               
As of May 31, 2013
   

Amount (millions)

Per Share

 
Investments $ 1,204.0 $ 31.50
Cash and Cash Equivalents 9.8 0.25
Other Assets   6.6   0.17
Total Assets $ 1,220.4 $ 31.92
 
Senior Notes* $ 180.0 $ 4.71
Loans Outstanding*   75.0   1.96
Total Leverage $ 255.0 $ 6.67
 
Deferred Tax Liability $ 102.1 $ 2.67
Other Liabilities   12.3   0.32
Total Liabilities $ 114.4 $ 2.99
   
Net Assets $ 851.0 $ 22.26
 
Outstanding Shares 38,224,291
 
* As of May 31, 2013, the Fund's asset coverage ratio under the 1940 Act was 432%.
 
                           
Top Ten Holdings (as of May 31, 2013)**
Market Value
Name                     (millions) % of Investments ***
MarkWest Energy Partners LP $ 83.1 6.9 %
Plains All American Pipeline LP 80.8 6.7 %
Kinder Morgan Management LLC Shares 77.6 6.4 %
Enterprise Products Partners LP 71.7 6.0 %
Williams Partners LP 51.5 4.3 %
Targa Resources Partners LP 50.9 4.2 %
Access Midstream Partners LP 49.8 4.1 %
DCP Midstream Partners LP 49.0 4.1 %
Energy Transfer Equity Partners LP 45.8 3.8 %
Kinder Morgan Energy Partners LP   45.2 3.8 %
$ 605.4 50.3 %
 
**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 website 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.

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

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