ClearBridge Energy Midstream Opportunity Fund Inc. Announces Unaudited Balance Sheet Information as of November 30, 2022

Rhea-AI Summary

ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) reported its financial data as of November 30, 2022. The Fund's net assets totaled $464.6 million, with a net asset value per share of $35.97. Its asset coverage ratio with respect to senior indebtedness was 439%, while the total leverage coverage ratio stood at 328%. The investments held by the fund amounted to $650.2 million, representing an average of $50.34 per share for these assets.

Positive

• Net assets of $464.6 million as of November 30, 2022.
• Net asset value per share reached $35.97.
• Strong asset coverage ratios of 439% for senior indebtedness and 328% for total leverage.

Negative

• Total leverage amounts to $204.2 million, which may signify higher financial risk for the Fund.

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, 2022.

As of November 30, 2022, the Fund’s net assets were $464.6 million, and its net asset value per share was $35.97. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 439% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 328%.

		As of November 30, 2022
		Amount (millions)			Per Share
Investments		$	650.2		$	50.34
Cash and Cash Equivalents			13.6			1.05
Other Assets			7.1			0.55
Total Assets		$	670.9		$	51.94
Senior Notes*		$	41.3		$	3.20
Loans Outstanding*			111.0			8.59
Mandatory Redeemable Preferred Shares*			51.9			4.02
Total Leverage		$	204.2		$	15.81
Other Liabilities		$	2.1		$	0.16
Total Liabilities		$	2.1		$	0.16
Net Assets		$	464.6		$	35.97
Outstanding Shares			12,917,291
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 439%.
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 328%.
Top Ten Equity Holdings (as of November 30, 2022)**
		Market Value
Name		(millions)			% of Investments			***
Energy Transfer LP		$	51.6			7.9	%
Western Midstream Partners LP		$	46.7			7.2	%
MPLX LP		$	45.5			7.0	%
Enterprise Products Partners LP		$	43.3			6.7	%
Targa Resources Corp.		$	42.0			6.5	%
Magellan Midstream Partners LP		$	35.0			5.4	%
Williams Cos. Inc.		$	32.0			4.9	%
DCP Midstream LP		$	28.7			4.4	%
Cheniere Energy Partners LP		$	27.3			4.2	%
Plains GP Holdings LP		$	26.3			4.1	%
		$	378.4			58.3	%
** 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/20221207005401/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 of ClearBridge Energy Midstream Opportunity Fund (EMO) as of November 30, 2022?

The net asset value per share of ClearBridge Energy Midstream Opportunity Fund (EMO) as of November 30, 2022, is $35.97.

What are the total assets of ClearBridge Energy Midstream Opportunity Fund (EMO)?

The total assets of ClearBridge Energy Midstream Opportunity Fund (EMO) amount to $670.9 million as of November 30, 2022.

What was the asset coverage ratio for ClearBridge Energy Midstream Opportunity Fund (EMO) on November 30, 2022?

As of November 30, 2022, the asset coverage ratio for ClearBridge Energy Midstream Opportunity Fund (EMO) was 439% for senior indebtedness and 328% for total leverage.

How much did ClearBridge Energy Midstream Opportunity Fund (EMO) report in investments?

ClearBridge Energy Midstream Opportunity Fund (EMO) reported investments totaling $650.2 million as of November 30, 2022.

What are the outstanding shares of ClearBridge Energy Midstream Opportunity Fund (EMO)?

The outstanding shares of ClearBridge Energy Midstream Opportunity Fund (EMO) total 12,917,291.