ClearBridge Energy Midstream Opportunity Fund Inc. Announces Unaudited Balance Sheet Information as of May 31, 2022

Rhea-AI Summary

ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) reported its unaudited financial status as of May 31, 2022. The Fund's net assets totaled $474.4 million, resulting in a net asset value per share of $36.70. The asset coverage ratios stood at 411% for senior indebtedness and 332% for total leverage. Over the month, the Fund repurchased and retired 63,136 common shares, totaling $1,835,226. The financial data remains unaudited and reports are accessible via the SEC's website.

Positive

• Net assets of $474.4 million as of May 31, 2022.
• Net asset value per share of $36.70.
• Strong asset coverage ratios: 411% for senior indebtedness and 332% for total leverage.
• Repurchased 63,136 common shares for a total of $1,835,226.

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 May 31, 2022.

As of May 31, 2022, the Fund’s net assets were $474.4 million, and its net asset value per share was $36.70. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 411% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 332%

	As of May 31, 2022
	Amount (millions)			Per Share
Investments	$	667.8		$	51.66
Cash and Cash Equivalents		5.2			0.40
Other Assets		7.2			0.56
Total Assets	$	680.2		$	52.62
Senior Notes*	$	45.1		$	3.49
Loans Outstanding*		120.0			9.28
Mandatory Redeemable Preferred Shares*		39.0			3.02
Total Leverage	$	204.1		$	15.79
Other Liabilities	$	1.7		$	0.13
Total Liabilities	$	1.7		$	0.13
Net Assets	$	474.4		$	36.70
Outstanding Shares		12,928,528
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 411%.
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 332%.
Top Ten Equity Holdings (as of May 31, 2022)**
	Market Value
Name	(millions)			% of Investments			***
Enterprise Products Partners LP	$	55.9			8.4	%
Energy Transfer LP	$	53.0			7.9	%
MPLX LP	$	52.8			7.9	%
Western Midstream Partners LP	$	50.6			7.6	%
Targa Resources Corp.	$	47.3			7.1	%
Williams Cos. Inc.	$	40.8			6.1	%
DCP Midstream LP	$	35.9			5.4	%
Magellan Midstream Partners LP	$	34.1			5.1	%
Plains All American Pipeline LP	$	28.3			4.2	%
Enbridge Inc.	$	25.8			3.9	%
	$	424.5			63.6	%
** Subject to change at any time
*** Percent of Total Equity Investments

During the month ended May 31, 2022, the Fund repurchased in the open market and retired 63,136 of its common shares under the stock repurchase plan for a total amount of $1,835,226.

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/20220607005680/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 EMO as of May 31, 2022?

The net asset value per share of ClearBridge Energy Midstream Opportunity Fund (EMO) as of May 31, 2022, was $36.70.

What are the asset coverage ratios for EMO?

As of May 31, 2022, EMO's asset coverage ratio was 411% for senior indebtedness and 332% for total leverage.

How much in common shares did EMO repurchase in May 2022?

EMO repurchased and retired 63,136 common shares for a total amount of $1,835,226 during May 2022.

What were the total net assets reported by EMO?

ClearBridge Energy Midstream Opportunity Fund reported total net assets of $474.4 million as of May 31, 2022.