ClearBridge Energy Midstream Opportunity Fund Inc. Announces Unaudited Balance Sheet Information as of October 31, 2022

Rhea-AI Summary

ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) reported its unaudited financial results as of October 31, 2022. The Fund's net assets totaled $457.9 million, with a net asset value per share of $35.45. The asset coverage ratios were notably strong, at 424% for senior indebtedness and 345% for total leverage under the Investment Company Act of 1940. Total assets reached $647.0 million with investments valued at $632.4 million.

Positive

• Strong asset coverage ratios at 424% for senior debt and 345% for total leverage.
• Net assets reported at $457.9 million and net asset value per share at $35.45.

Negative

• None.

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 October 31, 2022.

As of October 31, 2022, the Fund’s net assets were $457.9 million, and its net asset value per share was $35.45. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 424% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 345%.

	As of October 31, 2022
	Amount (millions)			Per Share
Investments	$	632.4		$	48.96
Cash and Cash Equivalents		3.4			0.26
Other Assets		11.2			0.87
Total Assets	$	647.0		$	50.09
Senior Notes*	$	41.3		$	3.20
Loans Outstanding*		111.0			8.59
Mandatory Redeemable Preferred Shares*		34.9			2.70
Total Leverage	$	187.2		$	14.49
Other Liabilities	$	1.9		$	0.15
Total Liabilities	$	1.9		$	0.15
Net Assets	$	457.9		$	35.45
Outstanding Shares		12,917,291
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 424%.
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 345%.
Top Ten Equity Holdings (as of October 31, 2022)**
	Market Value
Name	(millions)			% of Investments		***
Energy Transfer LP	$	52.5			8.3%
Western Midstream Partners LP	$	47.9			7.6%
Enterprise Products Partners LP	$	44.0			7.0%
MPLX LP	$	42.6			6.7%
Targa Resources Corp.	$	38.6			6.1%
Magellan Midstream Partners LP	$	33.4			5.3%
Williams Cos. Inc.	$	30.2			4.8%
DCP Midstream LP	$	29.0			4.6%
Cheniere Energy Partners LP	$	26.4			4.2%
Plains GP Holdings LP	$	25.0			3.9%
	$	369.6			58.5%
** 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 Legg Mason Partners Fund Advisor, LLC (“LMPFA”) and subadvised by ClearBridge Investments, LLC (“ClearBridge”). LMPFA 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/20221107005524/en/

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

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

FAQ

What is the net asset value per share of EMO as of October 31, 2022?

As of October 31, 2022, the net asset value per share of EMO is $35.45.

What are the asset coverage ratios for EMO reported in October 2022?

The asset coverage ratio for EMO was 424% for senior indebtedness and 345% for total leverage.

What were the total assets of EMO as of October 31, 2022?

Total assets of EMO as of October 31, 2022, were $647.0 million.

What are the net assets of ClearBridge Energy Midstream Opportunity Fund?

The net assets of ClearBridge Energy Midstream Opportunity Fund were reported at $457.9 million.