Why doesn't the align-middle text actually align to middle?

I have a text box set to align-middle. When copying and pasting text from PPT, the text seems aligned top. I thought perhaps some hidden formatting was transferring from PPT. I tried "clear formatting", I tried creating a fresh slide and typing all the content in Storyline. I still get the same result. Below are screen shots of what it looks like and the settings I'm using. (I do not have any empty line-breaks either)

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