Welcome to our dedicated page for ClearBridge Energy Midstream Opportunity news (Ticker: EMO), a resource for investors and traders seeking the latest updates and insights on ClearBridge Energy Midstream Opportunity 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.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) released unaudited balance sheet information as of April 30, 2024, showing net assets of $557.2 million, net asset value per share at $43.57, and asset coverage ratios of 1,120% for senior indebtedness and 679% for total leverage.
Franklin Templeton Fund Adviser, announced distributions for May 2024 for closed end funds. Record Date: 5/23/2024, Ex-Dividend Date: 5/22/2024, Payable Date: 5/31/2024. Ticker Fund Name Amount: CEM ClearBridge MLP and Midstream Fund Inc. $0.7700, EMO ClearBridge Energy Midstream Opportunity Fund Inc. $0.6700, CTR ClearBridge MLP and Midstream Total Return Fund Inc. $0.7000. Distributions may be dividend income, return of capital, or a combination. Stockholders will receive Form 1099-DIV in early 2025 for tax reporting. Franklin Templeton Fund Adviser, is a subsidiary of Franklin Resources, Inc. Fund share price fluctuates with market conditions. Shares often trade at a discount. All investments carry risk.
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