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

Rhea-AI Summary

ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) reported its unaudited assets and liabilities as of November 30, 2021. The total net assets were $350.5 million, with a net asset value per share of $26.53. The Fund's asset coverage ratio for senior indebtedness was a robust 417%, while total leverage stood at 310%. Additionally, during November 2021, the Fund repurchased 105,187 shares for approximately $2.43 million.

Positive

• Total net assets of $350.5 million.
• Net asset value per share at $26.53.
• Strong asset coverage ratio of 417% for senior indebtedness and 310% for total leverage.
• Repurchased 105,187 shares for $2.43 million.

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 November 30, 2021.

As of November 30, 2021, the Fund’s net assets were $350.5 million, and its net asset value per share was $26.53. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 417% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 310%.

	As of November 30, 2021
	Amount (millions)			Per Share
Investments	$	499.1		$	37.77
Cash and Cash Equivalents		12.9			0.98
Other Assets		7.2			0.54
Total Assets	$	519.2		$	39.29
Senior Notes*	$	45.1		$	3.41
Loans Outstanding*		79.0			5.98
Mandatory Redeemable Preferred Shares*		43.1			3.26
Total Leverage	$	167.2		$	12.65
Other Liabilities	$	1.5		$	0.11
Total Liabilities	$	1.5		$	0.11
Net Assets	$	350.5		$	26.53
Outstanding Shares		13,213,931
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 417%.
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 310%.
Top Ten Equity Holdings (as of November 30, 2021)**
	Market Value
Name	(millions)			% of Investments***
MPLX LP	$	42.5			8.5%
Enterprise Products Partners LP	$	37.1			7.4%
Targa Resources Corp.	$	33.9			6.8%
Western Midstream Partners LP	$	31.4			6.3%
Williams Cos. Inc.	$	29.5			5.9%
DCP Midstream LP	$	26.3			5.3%
Magellan Midstream Partners LP	$	21.7			4.3%
Energy Transfer LP	$	20.6			4.1%
Plains All American Pipeline LP	$	19.8			4.0%
ONEOK Inc.	$	19.7			3.9%
	$	282.5			56.5%
** Subject to change at any time
*** Percent of Total Equity Investments

During the month ended November 30, 2021, the Fund repurchased in the open market and retired 105,187 of its common shares under the stock repurchase plan for a total amount of $2,433,132.

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/20211207005544/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 ClearBridge Energy Midstream Opportunity Fund as of November 30, 2021?

As of November 30, 2021, the net assets of ClearBridge Energy Midstream Opportunity Fund were $350.5 million.

What is the net asset value per share for EMO?

The net asset value per share for ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) as of November 30, 2021, is $26.53.

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

The asset coverage ratio for ClearBridge Energy Midstream Opportunity Fund with respect to senior indebtedness was 417%, and for total leverage, it was 310%.

Did ClearBridge Energy Midstream Opportunity Fund repurchase shares in November 2021?

Yes, in November 2021, ClearBridge Energy Midstream Opportunity Fund repurchased 105,187 shares for approximately $2.43 million.