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

Rhea-AI Summary

ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) released its unaudited assets and liabilities statement as of January 31, 2022. The Fund reported $408.1 million in net assets and a net asset value per share of $31.14. Its asset coverage ratios were notably high, at 464% for senior indebtedness and 344% for total leverage under the Investment Company Act of 1940. The Fund holds significant investments, with total assets amounting to $577.2 million, ensuring a stable financial position for stakeholders.

Positive

• Net assets of $408.1 million reflect a strong financial position.
• Net asset value per share is $31.14, indicating favorable valuation.
• Asset coverage ratio for senior indebtedness at 464%, showcasing financial stability.
• Total assets amount to $577.2 million, supporting investment strength.

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 January 31, 2022.

As of January 31, 2022, the Fund’s net assets were $408.1 million, and its net asset value per share was $31.14. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 464% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 344%.

	As of January 31, 2022
	Amount (millions)			Per Share
Investments	$	562.1		$	42.89
Cash and Cash Equivalents		4.7			0.36
Other Assets		10.4			0.79
Total Assets	$	577.2		$	44.04
Senior Notes*	$	45.1		$	3.44
Loans Outstanding*		79.0			6.03
Mandatory Redeemable Preferred Shares*		43.1			3.29
Total Leverage	$	167.2		$	12.76
Other Liabilities	$	1.9		$	0.14
Total Liabilities	$	1.9		$	0.14
Net Assets	$	408.1		$	31.14
Outstanding Shares		13,107,157
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 464%.
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 344%.
Top Ten Equity Holdings (as of January 31, 2022)**
	Market Value
Name	(millions)			% of Investments			***
MPLX LP	$	47.6			8.5	%
Energy Transfer LP	$	43.5			7.7	%
Enterprise Products Partners LP	$	41.0			7.3	%
Western Midstream Partners LP	$	38.9			6.9	%
Targa Resources Corp.	$	38.8			6.9	%
Williams Cos. Inc.	$	32.9			5.9	%
DCP Midstream LP	$	28.4			5.0	%
Enbridge Inc.	$	23.6			4.2	%
Plains All American Pipeline LP	$	22.9			4.1	%
Magellan Midstream Partners LP	$	22.9			4.1	%
	$	340.5			60.6	%
** 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/20220207005386/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 January 31, 2022?

As of January 31, 2022, ClearBridge Energy Midstream Opportunity Fund Inc. reported net assets of $408.1 million.

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

The net asset value per share for ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) as of January 31, 2022, was $31.14.

How does the asset coverage ratio of EMO look as of January 31, 2022?

The asset coverage ratio for EMO was 464% with respect to senior indebtedness and 344% regarding total leverage as of January 31, 2022.

What is the total assets amount reported by ClearBridge Energy Midstream Opportunity Fund Inc. as of January 31, 2022?

ClearBridge Energy Midstream Opportunity Fund Inc. reported total assets of $577.2 million as of January 31, 2022.