ClearBridge Energy Midstream Opportunity Fund Inc. Announces Unaudited Balance Sheet Information as of February 28, 2022

Rhea-AI Summary

ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) has released its unaudited financial report as of February 28, 2022. The fund's net assets stand at $428.1 million, with a net asset value per share of $32.66. Its asset coverage ratio with respect to senior indebtedness is notably high at 480%, while the total leverage coverage ratio is 356%. The fund's investments total $583.6 million, demonstrating a solid position in the energy midstream sector.

Positive

• Net assets of $428.1 million indicate strong financial health.
• Net asset value per share at $32.66 shows solid shareholder value.
• Asset coverage ratio with respect to senior indebtedness at 480% is significantly high, providing security to investors.
• Total leverage coverage ratio at 356% reflects good leverage management.

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 February 28, 2022.

As of February 28, 2022, the Fund’s net assets were $428.1 million, and its net asset value per share was $32.66. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 480% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 356%.

	As of February 28, 2022
	Amount (millions)			Per Share
Investments	$	583.6		$	44.53
Cash and Cash Equivalents		5.7			0.43
Other Assets		7.3			0.56
Total Assets	$	596.6		$	45.52
Senior Notes*	$	45.1		$	3.44
Loans Outstanding*		79.0			6.03
Mandatory Redeemable Preferred Shares*		43.1			3.29
Total Leverage	$	167.2		$	12.76
Other Liabilities	$	1.3		$	0.10
Total Liabilities	$	1.3		$	0.10
Net Assets	$	428.1		$	32.66
Outstanding Shares		13,107,157
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 480%.
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 356%.
Top Ten Equity Holdings (as of February 28, 2022)**
	Market Value
Name	(millions)			% of Investments		***
MPLX LP	$	47.6			8.2%
Energy Transfer LP	$	46.1			7.9%
Targa Resources Corp.	$	42.9			7.4%
Western Midstream Partners LP	$	42.5			7.3%
Enterprise Products Partners LP	$	42.4			7.3%
Williams Cos. Inc.	$	34.4			5.9%
DCP Midstream LP	$	33.0			5.7%
Enbridge Inc.	$	24.1			4.1%
Magellan Midstream Partners LP	$	22.7			3.9%
Plains All American Pipeline LP	$	22.5			3.9%
	$	358.2			61.6%
** 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/20220307005414/en/

Investor: 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 Inc. as of February 28, 2022?

As of February 28, 2022, ClearBridge Energy Midstream Opportunity Fund Inc. has net assets of $428.1 million.

What is the net asset value per share of EMO?

The net asset value per share of ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) is $32.66.

What is the asset coverage ratio for EMO?

The asset coverage ratio with respect to senior indebtedness for EMO is 480%, while the total leverage ratio is 356%.

How much does ClearBridge Energy Midstream Opportunity Fund invest?

ClearBridge Energy Midstream Opportunity Fund has total investments amounting to $583.6 million.