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ClearBridge Energy Midstream Opportunity Fund Inc. Announces Unaudited Balance Sheet Information as of September 30, 2021

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ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) reported its unaudited asset statement as of September 30, 2021. The fund's net assets stood at $361.4 million, with a net asset value per share of $27.16. The asset coverage ratio with respect to senior indebtedness was 460%, while the total leverage ratio was 333%. Total assets reached $527.8 million, indicating a stable investment position for the fund.

Positive
  • Net assets at $361.4 million indicating strong capital base.
  • Net asset value per share of $27.16 suggests solid valuation.
  • Asset coverage ratio of 460% shows strong capacity to cover senior debts.
  • Total assets of $527.8 million reflect robust financial health.
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 September 30, 2021.

As of September 30, 2021, the Fund’s net assets were $361.4 million, and its net asset value per share was $27.16. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 460% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 333%.

As of September 30, 2021
 
Amount (millions) Per Share
 
Investments

$

507.2

$

38.11

Cash and Cash Equivalents

 

4.2

 

0.32

Other Assets

 

16.4

 

1.23

Total Assets

$

527.8

$

39.66

 
Senior Notes*

$

45.1

$

3.39

Loans Outstanding*

 

67.0

 

5.03

Mandatory Redeemable Preferred Shares*

 

43.1

 

3.24

Total Leverage

$

155.2

$

11.66

 
Other Liabilities

$

11.2

$

0.84

Total Liabilities

$

11.2

$

0.84

 
Net Assets

$

361.4

$

27.16

 
Outstanding Shares

 

13,307,118

 
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 460%.
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 333%.
 
Top Ten Equity Holdings (as of September 30, 2021)**
Market Value
Name (millions) % of Investments ***
Targa Resources Corp.

$

42.1

 

8.3%

MPLX LP

$

41.3

 

8.1%

Enterprise Products Partners LP

$

34.5

 

6.8%

Western Midstream Partners LP

$

30.8

 

6.1%

Williams Cos. Inc.

$

28.5

 

5.6%

DCP Midstream LP

$

28.2

 

5.6%

Energy Transfer LP

$

23.4

 

4.6%

Magellan Midstream Partners LP

$

21.3

 

4.2%

Enbridge Inc.

$

20.2

 

4.0%

Antero Midstream Corp.

$

19.4

 

3.8%

$

289.7

 

57.1%

 
** 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

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 (EMO) as of September 30, 2021?

As of September 30, 2021, the net assets of ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) were $361.4 million.

What is the net asset value per share of ClearBridge Energy Midstream Opportunity Fund (EMO)?

The net asset value per share of ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) is $27.16.

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

The asset coverage ratio for ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) is 460% with respect to senior indebtedness and 333% with respect to total leverage.

What are the total assets of ClearBridge Energy Midstream Opportunity Fund (EMO)?

The total assets of ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) are $527.8 million as of September 30, 2021.

ClearBridge Energy Midstream Opportunity Fund Inc.

NYSE:EMO

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