ClearBridge Energy Midstream Opportunity Fund Inc. Announces Unaudited Balance Sheet Information as of April 30, 2024

Rhea-AI Summary

ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) released unaudited balance sheet information as of April 30, 2024, showing net assets of $557.2 million, net asset value per share at $43.57, and asset coverage ratios of 1,120% for senior indebtedness and 679% for total leverage.

Positive

• Strong net assets of $557.2 million indicate financial stability.

• Net asset value per share at $43.57 demonstrates healthy performance.

• High asset coverage ratios of 1,120% for senior indebtedness and 679% for total leverage showcase a strong financial position.

Negative

• Increased leverage with total liabilities at $5.1 million may pose a risk.

• High percentage (78.0%) of investments in top ten holdings may lack diversification.

NEW YORK--(BUSINESS WIRE)-- ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) announced today the unaudited statement of assets and liabilities, the net asset value and asset coverage ratio of the Fund as of April 30, 2024.

As of April 30, 2024, the Fund’s net assets were $557.2 million, and its net asset value per share was $43.57. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 1,120% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 679%.

	As of April 30, 2024
	Amount (millions)			Per Share
Investments	$	622.6		$	48.69
Cash and Cash Equivalents		21.8			1.70
Other Assets		14.1			1.10
Total Assets	$	658.5		$	51.49
Senior Notes*	$	21.3		$	1.67
Loans Outstanding*		37.0			2.89
Mandatory Redeemable Preferred Shares*		37.9			2.96
Total Leverage	$	96.2		$	7.52
Deferred Tax Liability	$	3.1		$	0.24
Other Liabilities		2.0			0.16
Total Liabilities	$	5.1		$	0.40
Net Assets	$	557.2		$	43.57
Outstanding Shares		12,787,291
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 1,120%.
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 679%.
Top Ten Equity Holdings (as of April 30, 2024)**
	Market Value
Name	(millions)			% of Investments			***
Energy Transfer LP	$	95.1			15.3	%
Targa Resources Corp.	$	64.4			10.3	%
ONEOK Inc.	$	63.8			10.2	%
Enterprise Products Partners LP	$	52.8			8.5	%
Williams Cos. Inc.	$	40.2			6.4	%
Plains All American Pipeline LP	$	37.5			6.0	%
Plains GP Holdings LP	$	37.4			6.0	%
Enbridge Inc.	$	31.8			5.1	%
Western Midstream Partners LP	$	31.5			5.1	%
MPLX LP	$	31.4			5.1	%
	$	485.9			78.0	%
** Subject to change at any time
*** Percent of Total Equity Investments

ClearBridge Energy Midstream Opportunity Fund Inc. is a non-diversified, closed-end management investment company, which is advised by Franklin Templeton Fund Adviser, LLC (“FTFA”) (formerly known as Legg Mason Partners Fund Advisor, LLC) and subadvised by ClearBridge Investments, LLC (“ClearBridge”). FTFA and ClearBridge are indirect, wholly-owned subsidiaries of Franklin Resources, Inc. (“Franklin Resources”).

This financial data is unaudited.

The Fund files its semi-annual and annual reports with the Securities and Exchange Commission (“SEC”), as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. These reports are available on the SEC’s website at www.sec.gov. To obtain information on Form N-PORT 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.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/20240507402926/en/

Investor Contact: Fund Investor Services 1-888-777-0102

Source: Franklin Resources, Inc. and Legg Mason Closed End Funds

FAQ

What are the net assets of ClearBridge Energy Midstream Opportunity Fund Inc. as of April 30, 2024?

ClearBridge Energy Midstream Opportunity Fund Inc. had net assets of $557.2 million as of April 30, 2024.

What is the net asset value per share of ClearBridge Energy Midstream Opportunity Fund Inc. as of April 30, 2024?

The net asset value per share of ClearBridge Energy Midstream Opportunity Fund Inc. was $43.57 as of April 30, 2024.

What are the asset coverage ratios of ClearBridge Energy Midstream Opportunity Fund Inc. as of April 30, 2024?

ClearBridge Energy Midstream Opportunity Fund Inc. had asset coverage ratios of 1,120% for senior indebtedness and 679% for total leverage as of April 30, 2024.