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

Rhea-AI Summary

ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) reported its unaudited financials as of July 31, 2022. The Fund's net assets were $442.0 million with a net asset value per share of $34.22. It boasts a strong asset coverage ratio of 416% for senior debt and 331% for total leverage. Total assets stood at $635.1 million, with total liabilities at just $2.0 million. Investments totaled $605.3 million, reflecting strong management under Legg Mason Partners and ClearBridge Investments.

Positive

• Net assets of $442.0 million as of July 31, 2022.
• Strong net asset value per share at $34.22.
• High asset coverage ratios: 416% for senior debt and 331% for total leverage.
• Total assets of $635.1 million against only $2.0 million in total liabilities.

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 July 31, 2022.

As of July 31, 2022, the Fund’s net assets were $442.0 million, and its net asset value per share was $34.22. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 416% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 331%.

	As of July 31, 2022
	Amount (millions)		Per Share
Investments	$ 605.3		$ 46.86
Cash and Cash Equivalents	18.8		1.45
Other Assets	11.0		0.85
Total Assets	$ 635.1		$ 49.16
Senior Notes*	$ 45.1		$ 3.49
Loans Outstanding*	107.0		8.28
Mandatory Redeemable Preferred Shares*	39.0		3.02
Total Leverage	$ 191.1		$ 14.79
Other Liabilities	$ 2.0		$ 0.15
Total Liabilities	$ 2.0		$ 0.15
Net Assets	$ 442.0		$ 34.22
Outstanding Shares	12,917,291
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 416%.
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 331%.
Top Ten Equity Holdings (as of July 31, 2022)**
	Market Value
Name	(millions)		% of Investments	***
Energy Transfer LP	$ 44.7		7.4%
Western Midstream Partners LP	$ 43.8		7.2%
Enterprise Products Partners LP	$ 43.7		7.2%
MPLX LP	$ 41.3		6.8%
Targa Resources Corp.	$ 39.0		6.4%
Magellan Midstream Partners LP	$ 31.9		5.3%
Williams Cos. Inc.	$ 31.4		5.2%
Enbridge Inc.	$ 25.1		4.1%
DCP Midstream LP	$ 24.7		4.1%
Plains All American Pipeline LP	$ 22.5		3.7%
	$ 348.1		57.4%
** 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/20220805005113/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 EMO as of July 31, 2022?

As of July 31, 2022, the net assets of ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) were $442.0 million.

What is the net asset value per share for EMO?

The net asset value per share for EMO is $34.22 as of July 31, 2022.

What are the asset coverage ratios for EMO?

The asset coverage ratio for senior indebtedness is 416%, and for total leverage, it is 331%.

How much total assets does EMO have as of July 31, 2022?

ClearBridge Energy Midstream Opportunity Fund has total assets of $635.1 million as of July 31, 2022.

What is the total amount of investments by EMO?

The total investments by ClearBridge Energy Midstream Opportunity Fund amount to $605.3 million.