ClearBridge Energy Midstream Opportunity Fund Inc. Announces Unaudited Balance Sheet Information as of August 31, 2021

Rhea-AI Summary

On August 31, 2021, ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) reported net assets of $341.1 million and a net asset value per share of $25.63. The Fund achieved an asset coverage ratio of 443% regarding senior indebtedness and 320% for total leverage. Total assets were valued at $497.4 million, with investments amounting to $486.5 million. The Fund's operational metrics indicate strong financial leverage management, supporting its investment strategy in the energy midstream sector.

Positive

• Net assets increased to $341.1 million.
• Net asset value per share remains strong at $25.63.
• Asset coverage ratios of 443% (senior indebtedness) and 320% (total leverage) indicate strong financial health.
• Total investments reported at $486.5 million highlight significant resource allocation.

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 August 31, 2021.

As of August 31, 2021, the Fund’s net assets were $341.1 million, and its net asset value per share was $25.63. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 443% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 320%.

	As of August 31, 2021
	Amount (millions)			Per Share
Investments	$	486.5		$	36.56
Cash and Cash Equivalents		3.9			0.29
Other Assets		7.0			0.53
Total Assets	$	497.4		$	37.38
Senior Notes*	$	45.1		$	3.40
Loans Outstanding*		67.0			5.03
Mandatory Redeemable Preferred Shares*		43.1			3.24
Total Leverage	$	155.2		$	11.67
Other Liabilities	$	1.1		$	0.08
Total Liabilities	$	1.1		$	0.08
Net Assets	$	341.1		$	25.63
Outstanding Shares		13,307,118
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 443%.
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 320%.
Top Ten Equity Holdings (as of August 31, 2021)**
	Market Value
Name	(millions)			% of Investments		***
MPLX LP	$	40.8			8.4%
Targa Resources Corp.	$	37.6			7.7%
Enterprise Products Partners LP	$	35.5			7.3%
Western Midstream Partners LP	$	29.0			6.0%
Williams Cos. Inc.	$	27.2			5.6%
DCP Midstream LP	$	26.0			5.4%
Magellan Midstream Partners LP	$	23.0			4.7%
Energy Transfer LP	$	22.7			4.7%
Enbridge Inc.	$	20.0			4.1%
Antero Midstream Corp.	$	17.9			3.7%
	$	279.7			57.6%
** 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.lmcef.com. 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/20210908005565/en/

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

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

FAQ

What were the net assets of ClearBridge Energy Midstream Opportunity Fund (EMO) on August 31, 2021?

The net assets of ClearBridge Energy Midstream Opportunity Fund (EMO) were $341.1 million as of August 31, 2021.

What is the net asset value per share for EMO as of August 31, 2021?

The net asset value per share for ClearBridge Energy Midstream Opportunity Fund (EMO) was $25.63 on August 31, 2021.

What is the asset coverage ratio for senior indebtedness of EMO?

The asset coverage ratio for senior indebtedness of ClearBridge Energy Midstream Opportunity Fund (EMO) was 443%.

How much did ClearBridge Energy Midstream Opportunity Fund invest as of August 31, 2021?

ClearBridge Energy Midstream Opportunity Fund reported total investments of $486.5 million as of August 31, 2021.

What total assets did EMO report on August 31, 2021?

ClearBridge Energy Midstream Opportunity Fund (EMO) reported total assets of $497.4 million on August 31, 2021.