ClearBridge Energy Midstream Opportunity Fund Inc. Announces Unaudited Balance Sheet Information as of May 31, 2021

Rhea-AI Summary

ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) announced its unaudited financials as of May 31, 2021. The Fund reported net assets of $353.8 million and a net asset value (NAV) per share of $26.58. Its asset coverage ratio for senior indebtedness was 489%, and 344% for total leverage. The Fund's total assets stood at $500.1 million, with a total leverage of $145.2 million. It also disclosed a portfolio with investments totaling $487.9 million.

Positive

• Total net assets of $353.8 million indicate a strong asset base.
• High asset coverage ratios (489% for senior debt, 344% for total leverage) reflect a solid financial position.

Negative

• None.

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, 2021.

As of May 31, 2021, the Fund’s net assets were $353.8 million, and its net asset value per share was $26.58. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 489% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 344%.

	As of May 31, 2021
	Amount (millions)		Per Share
Investments	$ 487.9		$ 36.66
Cash and Cash Equivalents	5.0		0.38
Other Assets	7.2		0.54
Total Assets	$ 500.1		$ 37.58
Senior Notes*	$ 45.1		$ 3.40
Loans Outstanding*	57.0		4.28
Mandatory Redeemable Preferred Shares*	43.1		3.24
Total Leverage	$ 145.2		$ 10.92
Other Liabilities	$ 1.1		$ 0.08
Total Liabilities	$ 1.1		$ 0.08
Net Assets	$ 353.8		$ 26.58
Outstanding Shares	13,307,118
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 489%.
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 344%.
Top Ten Equity Holdings (as of May 31, 2021)**
	Market Value
Name	(millions)		% of Investments	***
MPLX LP	$ 41.6		8.5%
Enterprise Products Partners LP	$ 36.7		7.5%
Targa Resources Corp.	$ 33.3		6.8%
Williams Cos. Inc.	$ 29.0		5.9%
Western Midstream Partners LP	$ 28.8		5.9%
DCP Midstream LP	$ 24.7		5.1%
Energy Transfer LP	$ 24.2		5.0%
Magellan Midstream Partners LP	$ 23.1		4.7%
Enbridge Inc.	$ 19.6		4.0%
Antero Midstream Corp	$ 17.4		3.6%
	$ 278.4		57.0%
** 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.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/20210607005343/en/

FAQ

What are the latest financials for ClearBridge Energy Midstream Opportunity Fund (EMO)?

As of May 31, 2021, ClearBridge Energy Midstream Opportunity Fund reported net assets of $353.8 million and a net asset value per share of $26.58.

What is the asset coverage ratio for EMO as of May 31, 2021?

The asset coverage ratio for senior indebtedness is 489%, and for total leverage, it is 344%.

What is the total asset value of EMO?

The total assets of ClearBridge Energy Midstream Opportunity Fund were $500.1 million.

How much did EMO report in investments as of May 31, 2021?

The Fund reported investments totaling $487.9 million.

What is the NAV per share for ClearBridge Energy Midstream Opportunity Fund (EMO)?

The net asset value per share for EMO was $26.58 as of May 31, 2021.