ClearBridge Energy Midstream Opportunity Fund Inc. Announces Unaudited Balance Sheet Information as of September 30, 2024
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) has released its unaudited financial statement as of September 30, 2024. The Fund's net assets were $860.2 million, with a net asset value per share of $47.29. The Fund's asset coverage ratio under the Investment Company Act of 1940 was 519% for senior indebtedness and 369% for total leverage.
The Fund's total assets were $1,231.8 million, including $1,176.3 million in investments. The total leverage stood at $319.9 million. The Fund's top ten equity holdings represent 72.2% of total equity investments, with Energy Transfer LP being the largest at 11.1%.
It's noted that effective September 9, 2024, ClearBridge MLP and Midstream Fund Inc. (CEM) and ClearBridge MLP and Midstream Total Return Fund Inc. (CTR) merged into EMO.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) ha pubblicato il suo bilancio non revisionato al 30 settembre 2024. Il patrimonio netto del fondo ammontava a 860,2 milioni di dollari, con un valore patrimoniale netto per azione di 47,29 dollari. Il rapporto di copertura degli attivi secondo la Legge sulle Società d'Investimento del 1940 era del 519% per il debito senior e del 369% per il leverage totale.
Il totale degli attivi del fondo era di 1.231,8 milioni di dollari, inclusi 1.176,3 milioni di dollari in investimenti. Il leverage totale si attesta a 319,9 milioni di dollari. Le prime dieci partecipazioni azionarie rappresentano il 72,2% degli investimenti totali in azioni, con Energy Transfer LP che risulta la più grande al 11,1%.
Si segnala che a partire dal 9 settembre 2024, ClearBridge MLP and Midstream Fund Inc. (CEM) e ClearBridge MLP and Midstream Total Return Fund Inc. (CTR) si sono fusi in EMO.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) ha publicado su estado financiero no auditado al 30 de septiembre de 2024. Los activos netos del fondo eran de 860,2 millones de dólares, con un valor neto de activos por acción de 47,29 dólares. La relación de cobertura de activos bajo la Ley de Compañías de Inversión de 1940 fue del 519% para la deuda senior y del 369% para el apalancamiento total.
Los activos totales del fondo eran de 1.231,8 millones de dólares, incluyendo 1.176,3 millones en inversiones. El apalancamiento total se situó en 319,9 millones de dólares. Las diez principales participaciones en acciones representan el 72,2% de las inversiones totales en acciones, siendo Energy Transfer LP la más grande con un 11,1%.
Se señala que a partir del 9 de septiembre de 2024, ClearBridge MLP and Midstream Fund Inc. (CEM) y ClearBridge MLP and Midstream Total Return Fund Inc. (CTR) se fusionaron en EMO.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO)가 2024년 9월 30일 현재의 감사받지 않은 재무제표를 발표했습니다. 순자산은 8억 6천만 달러로, 주당 순자산 가치는 47.29달러입니다. 자산 커버리지 비율은 1940년 투자 회사법에 따라 선순위 채무에 대해 519%, 전체 레버리지에 대해 369%였습니다.
총 자산은 12억 3천 1백 80만 달러로, 그 중 11억 7천 6백 30만 달러가 투자로 구성되어 있습니다. 총 레버리지는 3억 1천 9백 90만 달러로 나타났습니다. 상위 10개 주식 보유량은 총 주식 투자 중 72.2%를 차지하며, Energy Transfer LP가 11.1%로 가장 큰 비중을 차지하고 있습니다.
2024년 9월 9일부터 ClearBridge MLP and Midstream Fund Inc. (CEM)와 ClearBridge MLP and Midstream Total Return Fund Inc. (CTR)가 EMO로 합병되었다고 전했습니다.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) a publié son état financier non audité au 30 septembre 2024. Les actifs nets du fonds s'élevaient à 860,2 millions de dollars, avec une valeur nette des actifs par action de 47,29 dollars. Le ratio de couverture des actifs selon la loi de 1940 sur les sociétés d'investissement était de 519 % pour la dette senior et de 369 % pour l'effet de levier total.
Les actifs totaux du fonds étaient de 1.231,8 millions de dollars, dont 1.176,3 millions en investissements. L'effet de levier total s'élevait à 319,9 millions de dollars. Les dix principales participations actions représentent 72,2 % des investissements en actions totaux, Energy Transfer LP étant la plus importante avec 11,1 %.
Il est à noter qu'à partir du 9 septembre 2024, ClearBridge MLP and Midstream Fund Inc. (CEM) et ClearBridge MLP and Midstream Total Return Fund Inc. (CTR) se sont fusionnés avec EMO.
Der ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) hat seinen ungeprüften Finanzbericht zum 30. September 2024 veröffentlicht. Die Nettovermögenswerte des Fonds betrugen 860,2 Millionen Dollar, mit einem Nettovermögenswert pro Aktie von 47,29 Dollar. Das Vermögensdeckungsverhältnis nach dem Investment Company Act von 1940 betrug 519% für vorrangige Schulden und 369% für die gesamte Hebelwirkung.
Die Gesamtvermögen des Fonds beliefen sich auf 1.231,8 Millionen Dollar, einschließlich 1.176,3 Millionen Dollar an Investitionen. Die gesamte Hebelwirkung betrug 319,9 Millionen Dollar. Die zehn größten Aktienbeteiligungen repräsentieren 72,2% der gesamten Aktieninvestitionen, wobei Energy Transfer LP mit 11,1% die größte ist.
Es wird darauf hingewiesen, dass ClearBridge MLP and Midstream Fund Inc. (CEM) und ClearBridge MLP and Midstream Total Return Fund Inc. (CTR) ab dem 9. September 2024 mit EMO fusioniert gingen.
- Net assets of $860.2 million
- High asset coverage ratio of 519% for senior indebtedness
- Diversified portfolio with top ten holdings representing 72.2% of equity investments
- Recent merger with two other funds, potentially increasing assets under management
- Total leverage of $319.9 million
- Deferred tax liability of $23.6 million
- Income tax payable of $11.4 million
As of September 30, 2024, the Fund’s net assets were
| As of September 30, 2024 | |||||||
Amount (millions) |
Per Share |
||||||
| Investments | $ |
1,176.3 |
$ |
64.68 |
|
||
| Cash and Cash Equivalents |
|
53.6 |
|
2.95 |
|
||
| Other Assets |
|
1.9 |
|
0.10 |
|
||
| Total Assets | $ |
1,231.8 |
$ |
67.73 |
|
||
| Senior Notes* | $ |
63.5 |
$ |
3.49 |
|
||
| Loans Outstanding* |
|
164.0 |
|
9.02 |
|
||
| Mandatory Redeemable Preferred Shares* |
|
92.4 |
|
5.08 |
|
||
| Total Leverage | $ |
319.9 |
$ |
17.59 |
|
||
| Deferred Tax Liability | $ |
23.6 |
$ |
1.30 |
|
||
| Income Tax Payable |
|
11.4 |
|
0.63 |
|
||
| Distributions Payable |
|
6.0 |
|
0.33 |
|
||
| Other Liabilities |
|
10.7 |
|
0.59 |
|
||
| Total Liabilities | $ |
51.7 |
$ |
2.85 |
|
||
| Net Assets | $ |
860.2 |
$ |
47.29 |
|
||
| Outstanding Shares |
|
18,190,226 |
|||||
| * The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was |
|||||||
| * The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was |
|||||||
| Top Ten Equity Holdings (as of September 30, 2024)** | |||||||
| Market Value | |||||||
| Name | (millions) | % of Investments |
*** |
||||
| Energy Transfer LP | $ |
130.6 |
|
11.1 |
% |
||
| ONEOK Inc. | $ |
110.6 |
|
9.4 |
% |
||
| Targa Resources Corp. | $ |
109.0 |
|
9.3 |
% |
||
| MPLX LP | $ |
96.7 |
|
8.2 |
% |
||
| Western Midstream Partners LP | $ |
88.9 |
|
7.6 |
% |
||
| Enterprise Products Partners LP | $ |
77.5 |
|
6.6 |
% |
||
| Williams Cos. Inc. | $ |
67.1 |
|
5.7 |
% |
||
| Kinder Morgan Inc. | $ |
60.2 |
|
5.1 |
% |
||
| Plains All American Pipeline LP | $ |
54.5 |
|
4.6 |
% |
||
| Plains GP Holdings LP | $ |
54.3 |
|
4.6 |
% |
||
$ |
849.4 |
|
72.2 |
% |
|||
| ** Subject to change at any time | |||||||
| *** Percent of Total Equity Investments | |||||||
Effective September 9, 2024, ClearBridge MLP and Midstream Fund Inc. (CEM) and ClearBridge MLP and Midstream Total Return Fund Inc. (CTR) merged into the Fund and their stockholders became EMO stockholders.
ClearBridge Energy Midstream Opportunity Fund Inc. is a non-diversified, closed-end management investment company, which is advised by Franklin Templeton Fund Adviser, LLC (“FTFA”) (formerly known as Legg Mason Partners Fund Advisor, LLC) and subadvised by ClearBridge Investments, LLC (“ClearBridge”). FTFA 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/20241007090329/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 per share of EMO as of September 30, 2024?
What is EMO's asset coverage ratio for total leverage as of September 30, 2024?
What is the largest equity holding in EMO's portfolio as of September 30, 2024?
When did the merger of CEM and CTR into EMO become effective?
