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

Rhea-AI Summary

ClearBridge Energy Midstream Opportunity Fund announced its unaudited financial results as of April 30, 2022. The Fund's net assets reached $446.7 million, with a net asset value per share of $34.41. The asset coverage ratio for senior indebtedness was 394%, while total leverage stood at 319%. Key investments included Enterprise Products Partners LP and MPLX LP, contributing significantly to the overall investment portfolio.

Positive

• Net assets totaled $446.7 million.
• Net asset value per share was $34.41.
• Strong asset coverage ratios of 394% for senior indebtedness and 319% for total leverage.
• Diverse investments include major companies in the energy sector.

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 April 30, 2022.

As of April 30, 2022, the Fund’s net assets were $446.7 million, and its net asset value per share was $34.41. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 394% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 319%.

	As of April 30, 2022
	Amount (millions)			Per Share
Investments	$	637.3		$	49.09
Cash and Cash Equivalents		3.1			0.24
Other Assets		11.9			0.92
Total Assets	$	652.3		$	50.25
Senior Notes*	$	45.1		$	3.47
Loans Outstanding*		120.0			9.25
Mandatory Redeemable Preferred Shares*		39.0			3.00
Total Leverage	$	204.1		$	15.72
Other Liabilities	$	1.5		$	0.12
Total Liabilities	$	1.5		$	0.12
Net Assets	$	446.7		$	34.41
Outstanding Shares		12,982,244
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 394%.
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 319%.
Top Ten Equity Holdings (as of April 30, 2022)**
	Market Value
Name	(millions)			% of Investments		***
Enterprise Products Partners LP	$	52.8			8.3%
MPLX LP	$	51.8			8.1%
Energy Transfer LP	$	50.4			7.9%
Targa Resources Corp.	$	48.2			7.6%
Western Midstream Partners LP	$	44.3			7.0%
Williams Cos. Inc.	$	37.7			5.9%
DCP Midstream LP	$	34.2			5.4%
Magellan Midstream Partners LP	$	32.0			5.0%
Plains All American Pipeline LP	$	25.8			4.0%
Enbridge Inc.	$	24.4			3.8%
	$	401.6			63.0%
**    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/20220506005161/en/

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

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

FAQ

What were the net assets of ClearBridge Energy Midstream Opportunity Fund as of April 30, 2022?

The net assets were $446.7 million.

What is the net asset value per share of ClearBridge Energy Midstream Opportunity Fund as of April 30, 2022?

The net asset value per share was $34.41.

What is the asset coverage ratio for senior indebtedness for the Fund?

The asset coverage ratio for senior indebtedness was 394%.

What percentage of total leverage is the asset coverage ratio for the Fund?

The asset coverage ratio for total leverage was 319%.

What major investments does the ClearBridge Energy Midstream Opportunity Fund hold?

Key investments include Enterprise Products Partners LP and MPLX LP.