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

Rhea-AI Summary

ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) released its unaudited financial statement for August 31, 2022, reporting net assets of $448.7 million and a net asset value per share of $34.74. The Fund boasts a robust asset coverage ratio of 418% for senior indebtedness and 340% for total leverage. Total assets amount to $637.4 million, while total liabilities are $1.5 million. Cash and cash equivalents stand at $1.8 million. The Fund's top ten equity holdings represent 57.5% of its total investments.

Positive

• Net assets of $448.7 million indicate a strong financial position.
• Net asset value per share of $34.74 suggests solid shareholder value.
• High asset coverage ratios (418% for senior indebtedness, 340% for total leverage) reflect low risk regarding debt obligations.
• Total assets of $637.4 million support robust investment capacity.

Negative

• Total liabilities are notably low at $1.5 million, indicating limited financial leverage.

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 August 31, 2022.

As of August 31, 2022, the Fund’s net assets were $448.7 million, and its net asset value per share was $34.74. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 418% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 340%.

	As of August 31, 2022
	Amount (millions)			Per Share
Investments	$	628.6		$	48.66
Cash and Cash Equivalents		1.8			0.15
Other Assets		7.0			0.54
Total Assets	$	637.4		$	49.35
Senior Notes*	$	41.3		$	3.20
Loans Outstanding*		111.0			8.59
Mandatory Redeemable Preferred Shares*		34.9			2.70
Total Leverage	$	187.2		$	14.49
Other Liabilities	$	1.5		$	0.12
Total Liabilities	$	1.5		$	0.12
Net Assets	$	448.7		$	34.74
Outstanding Shares		12,917,291

* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 418%.

* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 340%.

Top Ten Equity Holdings (as of August 31, 2022)**
	Market Value
Name	(millions)		% of Investments
Energy Transfer LP	$ 48.2		7.7%
Western Midstream Partners LP	$ 46.9		7.5%
Enterprise Products Partners LP	$ 45.9		7.3%
MPLX LP	$ 41.4		6.6%
Targa Resources Corp.	$ 38.5		6.1%
Magellan Midstream Partners LP	$ 32.0		5.1%
Williams Cos. Inc.	$ 31.4		5.0%
DCP Midstream LP	$ 27.7		4.4%
Enbridge Inc.	$ 24.9		4.0%
Plains All American Pipeline LP	$ 23.9		3.8%
	$ 360.8		57.5%
** 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/20220908005515/en/

Investors: 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 as of August 31, 2022?

The net assets of ClearBridge Energy Midstream Opportunity Fund Inc. were $448.7 million as of August 31, 2022.

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

The net asset value per share for ClearBridge Energy Midstream Opportunity Fund (EMO) was $34.74 as of August 31, 2022.

What is the asset coverage ratio for EMO?

The asset coverage ratio for ClearBridge Energy Midstream Opportunity Fund is 418% with respect to senior indebtedness and 340% for total leverage.

How much cash and cash equivalents does EMO have?

ClearBridge Energy Midstream Opportunity Fund has $1.8 million in cash and cash equivalents as of August 31, 2022.

What percentage of investments do the top ten equity holdings represent for EMO?

The top ten equity holdings represent 57.5% of the total investments for ClearBridge Energy Midstream Opportunity Fund.