ClearBridge Energy Midstream Opportunity Fund Inc. Announces Unaudited Balance Sheet Information as of January 31, 2023

Rhea-AI Summary

ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) reported its unaudited financials as of January 31, 2023. The Fund's net assets are valued at $455.3 million, with a net asset value per share of $35.61. The asset coverage ratio concerning senior indebtedness stands at 414%, while for total leverage it is 314%. The total assets of the Fund amount to $675.4 million, and total liabilities are $6.9 million. Investments total $647.6 million with $11.5 million in cash and equivalents. The Fund has 12,787,291 outstanding shares.

Positive

• Net assets valued at $455.3 million.
• Net asset value per share at $35.61.
• Strong asset coverage ratios: 414% for senior indebtedness and 314% for total leverage.
• Total assets amounting to $675.4 million.

Negative

• Total liabilities of $6.9 million.
• Cash and cash equivalents at only $11.5 million.

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 January 31, 2023.

As of January 31, 2023, the Fund’s net assets were $455.3 million, and its net asset value per share was $35.61. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 414% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 314%.

	As of January 31, 2023
	Amount (millions)			Per Share
Investments	$	647.6		$	50.65
Cash and Cash Equivalents		11.5			0.90
Other Assets		16.3			1.27
Total Assets	$	675.4		$	52.82
Senior Notes*	$	41.3		$	3.23
Loans Outstanding*		120.0			9.38
Mandatory Redeemable Preferred Shares*		51.9			4.06
Total Leverage	$	213.2		$	16.67
Other Liabilities	$	6.9		$	0.54
Total Liabilities	$	6.9		$	0.54
Net Assets	$	455.3		$	35.61
Outstanding Shares		12,787,291
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 414%.
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 314%.
Top Ten Equity Holdings (as of January 31, 2023)**
	Market Value
Name	(millions)			% of Investments			***
Energy Transfer LP	$	55.5			8.6	%
MPLX LP	$	49.1			7.6	%
Enterprise Products Partners LP	$	46.3			7.1	%
Western Midstream Partners LP	$	45.1			7.0	%
Targa Resources Corp.	$	41.6			6.4	%
Magellan Midstream Partners LP	$	35.5			5.5	%
DCP Midstream LP	$	30.6			4.7	%
Williams Cos. Inc.	$	29.7			4.6	%
Plains All American Pipeline LP	$	27.1			4.2	%
Plains GP Holdings LP	$	26.9			4.2	%
	$	387.4			59.9	%
** 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/20230207005684/en/

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

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

FAQ

What is the net asset value of ClearBridge Energy Midstream Opportunity Fund (EMO) as of January 31, 2023?

The net asset value per share is $35.61.

What are the total assets of EMO as of January 31, 2023?

The total assets of the Fund amount to $675.4 million.

What is the asset coverage ratio for EMO's senior indebtedness?

The asset coverage ratio for senior indebtedness is 414%.

How much are the net assets of ClearBridge Energy Midstream Opportunity Fund as of January 31, 2023?

The net assets are valued at $455.3 million.

What are the total liabilities reported by EMO?

The total liabilities amount to $6.9 million.