ClearBridge Energy Midstream Opportunity Fund Inc. Announces Unaudited Balance Sheet Information as of February 28, 2023

Rhea-AI Summary

ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) released its unaudited financials as of February 28, 2023. The Fund reported net assets of $431.8 million and a net asset value per share of $33.77. Its asset coverage ratio for senior indebtedness stands at 416% while total leverage is noted at 311%. Total assets are $638.3 million with investments valued at $627.1 million. The Fund has 12,787,291 outstanding shares. This financial data is unaudited and subject to change.

Positive

• Net assets reported at $431.8 million.
• Net asset value per share of $33.77.
• Strong asset coverage ratio of 416% for senior indebtedness.
• Total assets amounting to $638.3 million.
• Investments valued at $627.1 million.

Negative

• Total liabilities stated as $1.7 million.
• Loans outstanding reported at $120 million.

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 February 28, 2023.

As of February 28, 2023, the Fund’s net assets were $431.8 million, and its net asset value per share was $33.77. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 416% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 311%.

	As of February 28, 2023
	Amount (millions)			Per Share
Investments	$	627.1		$	49.04
Cash and Cash Equivalents		4.1			0.32
Other Assets		7.1			0.55
Total Assets	$	638.3		$	49.91
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	$	1.7		$	0.13
Total Liabilities	$	1.7		$	0.13
Net Assets	$	431.8		$	33.77
Outstanding Shares		12,787,291
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 416%.
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 311%.
Top Ten Equity Holdings (as of February 28, 2023)**
	Market Value
Name	(millions)			% of Investments			***
Energy Transfer LP	$	52.9			8.4	%
MPLX LP	$	48.7			7.8	%
Enterprise Products Partners LP	$	46.1			7.4	%
Western Midstream Partners LP	$	43.4			6.9	%
Targa Resources Corp.	$	41.8			6.7	%
Magellan Midstream Partners LP	$	35.3			5.6	%
DCP Midstream LP	$	30.5			4.9	%
Plains All American Pipeline LP	$	28.8			4.6	%
Plains GP Holdings LP	$	28.6			4.6	%
Williams Cos. Inc.	$	27.7			4.4	%
	$	383.8			61.3	%
** 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/20230307005595/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 February 28, 2023?

The net asset value per share of ClearBridge Energy Midstream Opportunity Fund (EMO) is $33.77 as of February 28, 2023.

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

The total assets of ClearBridge Energy Midstream Opportunity Fund (EMO) stand at $638.3 million as of February 28, 2023.

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) is 416%.

How much are the investments held by ClearBridge Energy Midstream Opportunity Fund (EMO)?

The investments held by ClearBridge Energy Midstream Opportunity Fund (EMO) are valued at $627.1 million.

What are the total liabilities of EMO as of February 28, 2023?

The total liabilities of ClearBridge Energy Midstream Opportunity Fund (EMO) are reported at $1.7 million.