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

Rhea-AI Summary

ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) released its unaudited financials as of September 30, 2022. The Fund has net assets of $388.8 million and a net asset value per share of $30.10. The asset coverage ratios are strong, with 378% for senior indebtedness and 308% for total leverage. Total assets stand at $579.1 million, with investments totaling $566.4 million. The Fund maintains a total leverage of $187.2 million. This information is crucial for investors assessing the Fund's financial health.

Positive

• Net assets of $388.8 million reflect solid financial stability.
• Strong asset coverage ratios: 378% for senior debt and 308% for total leverage.
• Net asset value per share is $30.10, suggesting a healthy valuation.

Negative

• Total leverage of $187.2 million indicates significant borrowing.

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 September 30, 2022.

As of September 30, 2022, the Fund’s net assets were $388.8 million, and its net asset value per share was $30.10. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 378% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 308%.

	As of September 30, 2022
	Amount (millions)		Per Share
Investments	$                   566.4		$                 43.84
Cash and Cash Equivalents	4.6		0.36
Other Assets	8.1		0.63
Total Assets	$                   579.1		$                 44.83
Senior Notes*	$                     41.3		$                   3.20
Loans Outstanding*	111.0		8.59
Mandatory Redeemable Preferred Shares*	34.9		2.70
Total Leverage	$                   187.2		$                 14.49
Other Liabilities	$                       3.1		$                   0.24
Total Liabilities	$                       3.1		$                   0.24
Net Assets	$                   388.8		$                 30.10
Outstanding Shares	12,917,291
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 378%.
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 308%.
Top Ten Equity Holdings (as of September 30, 2022)**
	Market Value
Name	(millions)		% of Investments	***
Energy Transfer LP	$                     45.4		8.0%
Western Midstream Partners LP	$                     42.0		7.4%
Enterprise Products Partners LP	$                     41.5		7.3%
MPLX LP	$                     38.1		6.7%
Targa Resources Corp.	$                     34.1		6.0%
Magellan Midstream Partners LP	$                     29.4		5.2%
DCP Midstream LP	$                     27.4		4.8%
Williams Cos. Inc.	$                     26.4		4.7%
Cheniere Energy Partners LP	$                     23.5		4.1%
Enbridge Inc.	$                     22.4		4.0%
	$                   330.2		58.2%

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/20221007005195/en/

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

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

FAQ

What are the net assets of ClearBridge Energy Midstream Opportunity Fund as of September 30, 2022?

As of September 30, 2022, the net assets of ClearBridge Energy Midstream Opportunity Fund were $388.8 million.

What is the net asset value per share for EMO as of September 30, 2022?

The net asset value per share for ClearBridge Energy Midstream Opportunity Fund (EMO) as of September 30, 2022, is $30.10.

What are the asset coverage ratios for EMO as of September 30, 2022?

The asset coverage ratio for EMO with respect to senior indebtedness is 378%, while the ratio for total leverage is 308%.

What is the total leverage for ClearBridge Energy Midstream Opportunity Fund as of September 30, 2022?

The total leverage for ClearBridge Energy Midstream Opportunity Fund (EMO) as of September 30, 2022, is $187.2 million.