ClearBridge Energy Midstream Opportunity Fund Inc. Announces Unaudited Balance Sheet Information as of October 31, 2024
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) released its unaudited financial statement as of October 31, 2024. The Fund reported net assets of $874.8 million with a net asset value per share of $48.09. The Fund's asset coverage ratio was 525% for senior indebtedness and 373% for total leverage. Total assets stood at $1,252.1 million, including $1,203.3 million in investments and $41.4 million in cash. The Fund's top holdings include Energy Transfer LP (11.1%), Targa Resources Corp. (10.2%), and ONEOK Inc. (9.8%), with the top ten holdings representing 73.2% of total equity investments.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) ha rilasciato il suo bilancio non verificato al 31 ottobre 2024. Il Fondo ha riportato attivi netti per $874,8 milioni con un valore netto per azione di $48,09. Il rapporto di copertura degli attivi del Fondo era del 525% per l'indebitamento senior e del 373% per la leva totale. Gli attivi totali ammontavano a $1.252,1 milioni, compresi $1.203,3 milioni in investimenti e $41,4 milioni in contante. I principali investimenti del Fondo includono Energy Transfer LP (11,1%), Targa Resources Corp. (10,2%) e ONEOK Inc. (9,8%), con le prime dieci posizioni che rappresentano il 73,2% degli investimenti azionari totali.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) publicó su estado financiero no auditado al 31 de octubre de 2024. El Fondo reportó activos netos de $874.8 millones con un valor neto por acción de $48.09. La relación de cobertura de activos del Fondo fue del 525% para la deuda senior y del 373% para la carga total. Los activos totales ascendieron a $1,252.1 millones, incluidos $1,203.3 millones en inversiones y $41.4 millones en efectivo. Las principales participaciones del Fondo incluyen Energy Transfer LP (11.1%), Targa Resources Corp. (10.2%) y ONEOK Inc. (9.8%), siendo las diez principales participaciones que representan el 73.2% de las inversiones totales en capital.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO)는 2024년 10월 31일 기준으로 감사하지 않은 재무제표를 발표했습니다. 이 펀드는 874.8 백만 달러의 순자산과 주당 48.09 달러의 순자산 가치를 보고했습니다. 펀드의 자산 커버리지 비율은 선급 채무에 대해 525%였고 총 레버리지에 대해 373%였습니다. 총 자산은 1,252.1 백만 달러로, 1,203.3 백만 달러의 투자와 41.4 백만 달러의 현금이 포함되어 있습니다. 펀드의 주요 보유 종목에는 Energy Transfer LP (11.1%), Targa Resources Corp. (10.2%) 및 ONEOK Inc. (9.8%)가 있으며, 상위 10개 보유 종목이 총 주식 투자액의 73.2%를 차지합니다.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) a publié son état financier non audité au 31 octobre 2024. Le Fonds a rapporté des actifs nets de 874,8 millions de dollars avec une valeur nette par action de 48,09 dollars. Le ratio de couverture des actifs du Fonds était de 525% pour l'endettement senior et de 373% pour l'effet de levier total. Les actifs totaux s'élevaient à 1.252,1 millions de dollars, dont 1.203,3 millions de dollars en investissements et 41,4 millions de dollars en espèces. Les principales participations du Fonds incluent Energy Transfer LP (11,1%), Targa Resources Corp. (10,2%) et ONEOK Inc. (9,8%), les dix premières participations représentant 73,2% des investissements actions totaux.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) hat am 31. Oktober 2024 seinen nicht geprüften Finanzbericht veröffentlicht. Der Fonds berichtete von netto Vermögenswerten in Höhe von 874,8 Millionen Dollar mit einem netto Vermögenswert pro Aktie von 48,09 Dollar. Das Verhältnis der Vermögensdeckung des Fonds betrug 525% für vorrangige Verbindlichkeiten und 373% für die Gesamthebelung. Die gesamten Vermögenswerte beliefen sich auf 1.252,1 Millionen Dollar, darunter 1.203,3 Millionen Dollar in Investitionen und 41,4 Millionen Dollar in bar. Die größten Beteiligungen des Fonds umfassen Energy Transfer LP (11,1%), Targa Resources Corp. (10,2%) und ONEOK Inc. (9,8%), wobei die zehn größten Beteiligungen 73,2% der gesamten Eigenkapitalinvestitionen ausmachen.
- Strong asset coverage ratio of 525% for senior indebtedness
- Substantial investment portfolio of $1.2 billion
- Healthy cash position of $41.4 million
- Well-diversified top 10 holdings representing 73.2% of equity investments
- Non-diversified investment strategy increases portfolio risk
- Significant leverage with $319.9 million in total leverage
Insights
The unaudited balance sheet reveals a robust financial position with
The leverage structure appears conservative with
As of October 31, 2024, the Fund’s net assets were
| As of October 31, 2024 | ||||||||
| Amount (millions) | Per Share | |||||||
| Investments | $ |
1,203.3 |
$ |
66.15 |
|
|||
| Cash and Cash Equivalents |
|
41.4 |
|
2.28 |
|
|||
| Other Assets |
|
7.4 |
|
0.41 |
|
|||
| Total Assets | $ |
1,252.1 |
$ |
68.84 |
|
|||
| Senior Notes* | $ |
63.5 |
$ |
3.49 |
|
|||
| Loans Outstanding* |
|
164.0 |
|
9.02 |
|
|||
| Mandatory Redeemable Preferred Shares* |
|
92.4 |
|
5.08 |
|
|||
| Total Leverage | $ |
319.9 |
$ |
17.59 |
|
|||
| Deferred Tax Liability | $ |
29.5 |
$ |
1.62 |
|
|||
| Income Tax Payable |
|
11.4 |
|
0.63 |
|
|||
| Distributions Payable |
|
6.0 |
|
0.33 |
|
|||
| Other Liabilities |
|
10.5 |
|
0.58 |
|
|||
| Total Liabilities | $ |
57.4 |
$ |
3.16 |
|
|||
| Net Assets | $ |
874.8 |
$ |
48.09 |
|
|||
| Outstanding Shares |
|
18,190,226 |
||||||
| * The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was |
||||||||
| * The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was |
||||||||
| Top Ten Equity Holdings (as of October 31, 2024)** | ||||||||
| Market Value | ||||||||
| Name | (millions) | % of Investments |
*** | |||||
| Energy Transfer LP | $ |
134.0 |
|
11.1 |
% |
|||
| Targa Resources Corp. | $ |
123.0 |
|
10.2 |
% |
|||
| ONEOK Inc. | $ |
117.6 |
|
9.8 |
% |
|||
| MPLX LP | $ |
96.6 |
|
8.0 |
% |
|||
| Western Midstream Partners LP | $ |
87.7 |
|
7.3 |
% |
|||
| Williams Cos. Inc. | $ |
77.0 |
|
6.4 |
% |
|||
| Enterprise Products Partners LP | $ |
76.3 |
|
6.3 |
% |
|||
| Kinder Morgan Inc. | $ |
66.8 |
|
5.6 |
% |
|||
| Hess Midstream LP | $ |
52.1 |
|
4.3 |
% |
|||
| Plains All American Pipeline LP | $ |
51.0 |
|
4.2 |
% |
|||
$ |
882.1 |
|
73.2 |
% |
||||
| ** 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/20241107322063/en/
Investor Contact: Fund Investor Services 1-888-777-0102
Source: Franklin Resources, Inc. and Legg Mason Closed End Funds
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