ClearBridge Energy Midstream Opportunity Fund Inc. Announces Unaudited Balance Sheet Information as of March 31, 2023

Rhea-AI Summary

ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) reported its unaudited financial data as of March 31, 2023. The Fund’s net assets totaled $421.3 million, with a net asset value per share of $32.95. Its asset coverage ratios indicate strong financial health, with a senior indebtedness coverage of 409% and total leverage coverage of 306%. The total assets amount to $628.3 million, while total liabilities are $2.2 million. As of the reporting date, the Fund held 12,787,291 outstanding shares. The press release emphasizes the Fund's compliance with the Investment Company Act of 1940 and provides access to further financial documentation via the SEC.

Positive

• Net assets increased to $421.3 million.
• Asset coverage ratio for senior indebtedness at 409% indicates strong financial stability.
• Total assets of $628.3 million show healthy investment capacity.

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 March 31, 2023.

As of March 31, 2023, the Fund’s net assets were $421.3 million, and its net asset value per share was $32.95. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 409% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 306%.

	As of March 31, 2023
	Amount (millions)			Per Share
Investments	$	617.5		$	48.29
Cash and Cash Equivalents		3.9			0.30
Other Assets		6.9			0.54
Total Assets	$	628.3		$	49.13
Senior Notes*	$	32.9		$	2.57
Loans Outstanding*		120.0			9.38
Mandatory Redeemable Preferred Shares*		51.9			4.06
Total Leverage	$	204.8		$	16.01
Other Liabilities	$	2.2		$	0.17
Total Liabilities	$	2.2		$	0.17
Net Assets	$	421.3		$	32.95
Outstanding Shares		12,787,291
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 409%.
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 306%.
Top Ten Equity Holdings (as of March 31, 2023)**
	Market Value
Name	(millions)			% of Investments			***
Energy Transfer LP	$	52.1			8.4	%
MPLX LP	$	48.5			7.9	%
Enterprise Products Partners LP	$	46.8			7.6	%
Western Midstream Partners LP	$	44.0			7.1	%
Targa Resources Corp.	$	41.2			6.7	%
Magellan Midstream Partners LP	$	36.1			5.8	%
Williams Cos. Inc.	$	27.5			4.5	%
Plains All American Pipeline LP	$	27.1			4.4	%
Plains GP Holdings LP	$	26.9			4.4	%
DCP Midstream LP	$	23.9			3.9	%
	$	374.1			60.7	%
** 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/20230410005165/en/

Investor Contact: Fund Investor Services 1-888-777-0102

Source: Franklin Resources, Inc. and Legg Mason Closed End Funds

FAQ

What were the total net assets of ClearBridge Energy Midstream Opportunity Fund (EMO) as of March 31, 2023?

As of March 31, 2023, the total net assets of ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) were $421.3 million.

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

The asset coverage ratio for senior indebtedness is 409%, and the asset coverage ratio for total leverage is 306%.

What was the net asset value per share for EMO as of March 31, 2023?

The net asset value per share of ClearBridge Energy Midstream Opportunity Fund (EMO) was $32.95 as of March 31, 2023.

How many shares are outstanding for the ClearBridge Energy Midstream Opportunity Fund (EMO)?

ClearBridge Energy Midstream Opportunity Fund (EMO) has 12,787,291 outstanding shares.