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

Rhea-AI Summary

ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) reported its unaudited financials as of June 30, 2021, showing net assets of $381.9 million and a net asset value (NAV) per share of $28.70. The asset coverage ratio for senior indebtedness stands at 479%, while total leverage is at 346%.

The Fund’s total assets amount to $538.6 million, with investments worth $524.3 million. Cash and cash equivalents are reported at $7.4 million.

Positive

• Net assets of $381.9 million indicate a strong financial position.
• Net asset value per share at $28.70 suggests potential for share appreciation.
• Asset coverage ratio for senior indebtedness at 479% shows a solid buffer against debt.

Negative

• Total liabilities stand at $1.5 million, representing a minimal liability level.
• Total leverage at $155.2 million indicates reliance on borrowed funds.

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 June 30, 2021.

As of June 30, 2021, the Fund’s net assets were $381.9 million, and its net asset value per share was $28.70. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 479% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 346%.

	As of June 30, 2021
	Amount (millions)			Per Share
Investments	$	524.3		$	39.40
Cash and Cash Equivalents		7.4			0.56
Other Assets		6.9			0.52
Total Assets	$	538.6		$	40.48
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	$	1.5		$	0.11
Total Liabilities	$	1.5		$	0.11
Net Assets	$	381.9		$	28.70
Outstanding Shares		13,307,118
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 479%.
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 346%.
Top Ten Equity Holdings (as of June 30, 2021)**
	Market Value
Name	(millions)			% of Investments		***
MPLX LP	$	43.0			8.2%
Enterprise Products Partners LP	$	38.5			7.3%
Targa Resources Corp.	$	38.1			7.3%
Western Midstream Partners LP	$	31.5			6.0%
DCP Midstream LP	$	30.7			5.8%
Williams Cos. Inc.	$	29.2			5.6%
Energy Transfer LP	$	26.0			5.0%
Magellan Midstream Partners LP	$	22.9			4.4%
Enbridge Inc.	$	20.4			3.9%
Plains All American Pipeline LP	$	19.4			3.7%
	$	299.7			57.2%
** 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/20210708005378/en/

FAQ

What is the net asset value per share for EMO as of June 30, 2021?

The net asset value per share for ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) as of June 30, 2021, is $28.70.

What were the total assets of EMO as of June 30, 2021?

The total assets of ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) were $538.6 million as of June 30, 2021.

What is the significance of an asset coverage ratio of 479% for EMO?

An asset coverage ratio of 479% for ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) indicates a strong ability to cover senior debts.

How much were the investments made by EMO as of June 30, 2021?

ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) reported investments of $524.3 million as of June 30, 2021.

What is the total leverage reported for EMO?

The total leverage reported for ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) is $155.2 million.