ClearBridge Energy Midstream Opportunity Fund Inc. Announces Unaudited Balance Sheet Information as of October 31, 2021

Rhea-AI Summary

ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) reported its unaudited asset statement as of October 31, 2021. The Fund's net assets total $393.2 million, with a net asset value per share at $29.55. Key metrics include an asset coverage ratio of 452% for senior indebtedness and 335% for total leverage under the Investment Company Act of 1940. Total assets reached $561.9 million, and investments amounted to $538.5 million. The outstanding shares are reported at 13,307,118. This data is unaudited and available for review on the SEC's website.

Positive

• Net assets reported at $393.2 million.
• Net asset value per share is $29.55.
• High asset coverage ratio of 452% for senior indebtedness.
• Total assets reached $561.9 million.
• Investments total $538.5 million.

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, 2021.

As of October 31, 2021, the Fund’s net assets were $393.2 million, and its net asset value per share was $29.55. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 452% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 335%.

	As of October 31, 2021
	Amount (millions)			Per Share
Investments	$	538.5		$	40.47
Cash and Cash Equivalents		12.8			0.96
Other Assets		10.6			0.80
Total Assets	$	561.9		$	42.23
Senior Notes*	$	45.1		$	3.39
Loans Outstanding*		79.0			5.94
Mandatory Redeemable Preferred Shares*		43.1			3.24
Total Leverage	$	167.2		$	12.57
Other Liabilities	$	1.5		$	0.11
Total Liabilities	$	1.5		$	0.11
Net Assets	$	393.2		$	29.55
Outstanding Shares		13,307,118
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 452%.
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 335%.
Top Ten Equity Holdings (as of October 31, 2021)**
	Market Value
Name	(millions)			% of Investments			***
Targa Resources Corp.	$	46.8			8.7%
MPLX LP	$	43.7			8.1%
Enterprise Products Partners LP	$	36.2			6.7%
Western Midstream Partners LP	$	31.2			5.8%
DCP Midstream LP	$	31.1			5.8%
Williams Cos. Inc.	$	30.9			5.7%
Energy Transfer LP	$	23.2			4.3%
Magellan Midstream Partners LP	$	22.9			4.3%
Enbridge Inc.	$	21.3			4.0%
ONEOK Inc.	$	20.9			3.9%
	$	308.2			57.3%
** 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/20211105005389/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 of ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) as of October 31, 2021?

The net asset value per share of ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) as of October 31, 2021, is $29.55.

What are the total assets reported by ClearBridge Energy Midstream Opportunity Fund Inc. (EMO)?

ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) reported total assets of $561.9 million as of October 31, 2021.

How much are the net assets of ClearBridge Energy Midstream Opportunity Fund Inc. (EMO)?

The net assets of ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) are reported at $393.2 million.

What is the asset coverage ratio for senior indebtedness for ClearBridge Energy Midstream Opportunity Fund Inc. (EMO)?

The asset coverage ratio for senior indebtedness for ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) is 452%.