ClearBridge Energy Midstream Opportunity Fund Inc. Announces Unaudited Balance Sheet Information as of February 28, 2021

Rhea-AI Summary

ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) reported its unaudited net assets of $284.9 million and a net asset value per share of $21.09 as of February 28, 2021. The Fund's asset coverage ratio for senior indebtedness is 549%, while total leverage stands at 345%. The total assets amount to $402.4 million, with investments of $392.4 million. The Fund repurchased 52,171 common shares for $890,366 during the month. This financial data remains unaudited.

Positive

• Net assets of $284.9 million indicating financial stability.
• Net asset value per share of $21.09.
• Strong asset coverage ratios: 549% for senior indebtedness and 345% for total leverage.
• Total assets of $402.4 million, demonstrating robust investment capacity.
• Share repurchase of 52,171 shares, indicating confidence in the company's value.

Negative

• None.

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 February 28, 2021.

As of February 28, 2021, the Fund’s net assets were $284.9 million, and its net asset value per share was $21.09. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 549% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 345%.

	As of February 28, 2021
	Amount (millions)			Per Share
Investments	$	392.4		$	29.05
Cash and Cash Equivalents		2.8			0.21
Other Assets		7.2			0.53
Total Assets	$	402.4		$	29.79
Senior Notes*	$	45.1		$	3.34
Loans Outstanding*		28.0			2.07
Mandatory Redeemable Preferred Shares*		43.1			3.19
Total Leverage	$	116.2		$	8.60
Income Tax Payable		-			-
Deferred Tax Liability		-			-
Other Liabilities	$	1.3		$	0.10
Total Liabilities	$	1.3		$	0.10
Net Assets	$	284.9		$	21.09
Outstanding Shares		13,510,489
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 549%.
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 345%.
Top Ten Equity Holdings (as of February 28, 2021)**
	Market Value
Name	(millions)			% of Investments		***
MPLX LP	$	34.6			8.8%
Enterprise Products Partners LP	$	31.4			8.0%
Targa Resources Corp.	$	26.5			6.8%
Western Midstream Partners LP	$	24.0			6.1%
Williams Cos. Inc.	$	20.0			5.1%
DCP Midstream LP	$	19.8			5.1%
Magellan Midstream Partners LP	$	19.5			5.0%
Energy Transfer LP	$	18.7			4.8%
Antero Midstream Corp.	$	15.1			3.8%
Enbridge Inc.	$	14.7			3.7%
	$	224.3			57.2%
** Subject to change at any time
*** Percent of Total Equity Investments

During the month ended February 28, 2021, the Fund repurchased in the open market and retired 52,171 of its common shares under the stock repurchase plan for a total amount of $890,366.

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 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.lmcef.com. 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/20210305005175/en/

FAQ

What are the net assets of ClearBridge Energy Midstream Opportunity Fund as of February 28, 2021?

The net assets of ClearBridge Energy Midstream Opportunity Fund were $284.9 million as of February 28, 2021.

What is the net asset value per share for EMO?

The net asset value per share for ClearBridge Energy Midstream Opportunity Fund (EMO) is $21.09.

What is the asset coverage ratio of the Fund?

The asset coverage ratio for senior indebtedness is 549%, and for total leverage, it is 345%.

How much total assets does the ClearBridge Energy Midstream Opportunity Fund have?

The total assets amount to $402.4 million.

Did ClearBridge Energy Midstream Opportunity Fund repurchase any shares recently?

Yes, the Fund repurchased 52,171 common shares for a total of $890,366.