Welcome to our dedicated page for ClearBridge Energy Midstream Opportunity Fund news (Ticker: EMO), a resource for investors and traders seeking the latest updates and insights on ClearBridge Energy Midstream Opportunity Fund stock.
ClearBridge Energy Midstream Opportunity Fund Inc. (Symbol: EMO) is a non-diversified, closed-end management investment company. The primary objective of EMO is to provide long-term investors with a high level of total return, emphasizing cash distributions. Managed under the umbrella of Franklin Templeton, a premier global investment firm, ClearBridge Energy leverages extensive industry expertise to navigate the complexities of the energy midstream sector.
ClearBridge Energy Midstream Opportunity Fund Inc. focuses on investment opportunities within the midstream energy sector, which includes companies involved in the transportation, storage, and processing of energy resources such as crude oil, natural gas, and refined products. By targeting these midstream entities, the Fund aims to capture stable and predictable cash flows, which can result in consistent dividends for its investors.
Recent Achievements & Current Projects:
- Ongoing strategic investments in infrastructure developments to enhance operational efficiency and expand asset base.
- Established partnerships with leading energy companies to optimize logistics and supply chain networks.
- Implementation of sustainable practices within portfolio companies to align with global environmental standards.
Financial Condition: ClearBridge Energy Midstream Opportunity Fund Inc. maintains a robust financial position with a diversified portfolio across various energy sectors. This diversification helps mitigate risks and ensures steady income streams, contributing to the Fund's ability to distribute regular cash returns to its investors.
In light of the merger between Legg Mason and Franklin Templeton, stakeholders are encouraged to follow @franklintempleton on LinkedIn for continuous updates and insights.
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ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) announced the results of its annual meeting of stockholders. Robert D. Agdern, Carol L. Colman, and Paolo M. Cucchi were elected as Directors. PricewaterhouseCoopers LLP was ratified as the independent registered public accountants. The Fund is managed by Franklin Templeton Fund Adviser, and subadvised by ClearBridge Investments,
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ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) reported its financial position as of March 31, 2024, with net assets of $566.3 million and a net asset value per share of $44.29. The Fund's asset coverage ratios under the 1940 Act were 437% for senior indebtedness and 361% for total leverage. Top ten equity holdings included Energy Transfer LP, ONEOK Inc., and Targa Resources Corp.
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ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) released its unaudited financial report as of February 29, 2024. The Fund's net assets were $519.6 million, with a net asset value per share of $40.64. Asset coverage ratios were 446% for senior indebtedness and 339% for total leverage. The top ten equity holdings accounted for 70.7% of investments.
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ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) reported its unaudited statement of assets and liabilities, net asset value, and asset coverage ratio as of January 31, 2024. The Fund's net assets were $494.9 million, with a net asset value per share of $38.70. The asset coverage ratio under the 1940 Act for senior indebtedness was 431%, and for total leverage was 328%. The Fund's top ten equity holdings as of January 31, 2024, accounted for 69.4% of total equity investments. ClearBridge Energy Midstream Opportunity Fund Inc. is a non-diversified, closed-end management investment company, advised by Franklin Templeton Fund Adviser, LLC and subadvised by ClearBridge Investments, LLC.
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The press release announces the approval by the Board of Directors of ClearBridge MLP and Midstream Fund Inc. (CEM), ClearBridge Energy Midstream Opportunity Fund Inc. (EMO), and ClearBridge MLP and Midstream Total Return Fund Inc. (CTR) to merge CEM with and into EMO and CTR with and into EMO. The proposed mergers are expected to occur during the third quarter of 2024 and are subject to stockholder approval. If approved, common stockholders of CEM and CTR will receive shares of common stock of EMO based on each Fund’s respective net asset value (NAV) per share, and holders of CEM’s and CTR’s mandatory redeemable preferred stock (MRPS) will receive shares of MRPS of EMO with the same aggregate liquidation preference and terms to their respective MRPS. The management and each Fund’s Board of Directors believe that the merger will result in lower operating expenses, enhanced earning potential, and greater trading volume. The merger is expected to qualify as a tax-free reorganization for federal income tax purposes. In connection with the proposal to merge, the Funds intend to file a combined proxy statement and prospectus with the SEC, and investors and stockholders are advised to read the proxy statement and prospectus when it becomes available.
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Franklin Templeton Fund Adviser, LLC announced the February 2024 distributions for certain closed-end funds, including ClearBridge MLP and Midstream Fund Inc. (CEM), ClearBridge Energy Midstream Opportunity Fund Inc. (EMO), and ClearBridge MLP and Midstream Total Return Fund Inc. (CTR). The distributions may be treated as dividend income, return of capital, or a combination thereof for tax purposes. Stockholders will receive a Form 1099-DIV in early 2025 for tax reporting purposes.
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ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) announced its unaudited statement of assets and liabilities, net asset value, and asset coverage ratio as of December 31, 2023. The Fund's net assets were $482.3 million, with a net asset value per share of $37.72. The asset coverage ratio under the 1940 Act for senior indebtedness was 423%, and for total leverage was 322%. The top ten equity holdings accounted for 70.4% of total equity investments.
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ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) reported net assets of $495.5 million and net asset value per share of $38.75 as of November 30, 2023. The Fund's asset coverage ratio under the 1940 Act was 431% for senior indebtedness and 328% for total leverage. The top ten equity holdings accounted for 69% of total equity investments.
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Franklin Resources, Inc. (Ticker: BEN) Announces November 2023 Distribution Schedule for Certain Closed End Funds; ClearBridge MLP and Midstream Fund Inc. (Ticker: CEM) Declares $0.7700, ClearBridge Energy Midstream Opportunity Fund Inc. (Ticker: EMO) Declares $0.6500, ClearBridge MLP and Midstream Total Return Fund Inc. (Ticker: CTR) Declares $0.7000
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ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) released its unaudited statement of assets and liabilities as of October 31, 2023. The Fund's net assets were $460.1 million, net asset value per share was $35.98, and asset coverage ratios under the 1940 Act were 410% for senior indebtedness and 312% for total leverage.
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FAQ
What is the current stock price of ClearBridge Energy Midstream Opportunity Fund (EMO)?
The current stock price of ClearBridge Energy Midstream Opportunity Fund (EMO) is $46.54 as of January 1, 2025.
What is the market cap of ClearBridge Energy Midstream Opportunity Fund (EMO)?
The market cap of ClearBridge Energy Midstream Opportunity Fund (EMO) is approximately 595.1M.
What is ClearBridge Energy Midstream Opportunity Fund Inc.?
It is a non-diversified, closed-end management investment company focused on providing long-term returns with an emphasis on cash distributions.
What sector does EMO invest in?
EMO primarily invests in the midstream energy sector, which includes companies involved in the transportation, storage, and processing of energy resources.
What is the investment objective of EMO?
The investment objective is to provide long-term investors with a high level of total return, particularly through cash distributions.
How does ClearBridge Energy Midstream Opportunity Fund generate returns?
The Fund generates returns by investing in midstream energy companies that provide stable cash flows, leading to consistent dividends.
Who manages ClearBridge Energy Midstream Opportunity Fund Inc.?
The Fund is managed by Franklin Templeton, a global investment firm, following its merger with Legg Mason.
What types of companies are included in EMO's portfolio?
The portfolio includes companies involved in the midstream energy sector, such as those handling the transportation, storage, and processing of energy resources, including crude oil and natural gas.
What kind of financial condition does the Fund maintain?
The Fund maintains a robust financial position with a diversified portfolio, ensuring steady income streams and risk mitigation.
What recent achievements has ClearBridge Energy Midstream Opportunity Fund made?
Recent achievements include strategic investments in infrastructure, partnerships with leading energy companies, and the implementation of sustainable practices.
How can I stay updated on the latest news about ClearBridge Energy Midstream Opportunity Fund Inc.?
Follow @franklintempleton on LinkedIn for continuous updates and insights related to the Fund.
What is the significance of the merger between Legg Mason and Franklin Templeton for EMO?
The merger combines the expertise and resources of both firms under Franklin Templeton, enhancing the management and operational capabilities of EMO.
ClearBridge Energy Midstream Opportunity Fund Inc.
NYSE:EMO
EMO Rankings
EMO Stock Data
595.12M
18.19M
47.56%
0.1%
Asset Management
Financial Services
United States of America
New York