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 (EMO) provides focused exposure to energy infrastructure through its closed-end fund structure. This dedicated news page serves as a comprehensive resource for investors and analysts tracking EMO's midstream investments in pipelines, storage facilities, and transportation networks.
Access timely updates on the fund's portfolio activity, management insights, and sector developments. Track key developments including earnings reports, strategic acquisitions, partnership announcements, and regulatory updates impacting energy infrastructure markets. Our curated news collection helps stakeholders monitor EMO's performance within evolving energy sector dynamics.
Bookmark this page for centralized access to verified EMO news and analysis. Check back regularly for objective updates on the fund's operational milestones and market positioning within the midstream investment landscape.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) reported its financial data as of November 30, 2022. The Fund's net assets totaled
ClearBridge MLP and Midstream Fund Inc. (CEM), ClearBridge Energy Midstream Opportunity Fund Inc. (EMO), and ClearBridge MLP and Midstream Total Return Fund Inc. (CTR) announced successful private placements of Mandatory Redeemable Preferred Stock (MRPS) on November 17, 2022, raising capital for corporate purposes and refinancing existing leverage. Key offerings include Series L and M for CEM and EMO, totaling approximately $15 million and $17 million, respectively, with rates of 7.12% and 7.28%. CTR issued Series E, raising $11 million at a 7.12% rate, maturing in 2029 and 2032.
Legg Mason Partners Fund Advisor announced the distribution details for certain closed-end funds for November 2022. The funds include ClearBridge MLP and Midstream Fund Inc. (CEM), ClearBridge Energy Midstream Opportunity Fund Inc. (EMO), and ClearBridge MLP and Midstream Total Return Fund Inc. (CTR). Key dates include the record date on November 22, 2022, ex-dividend date on November 21, 2022, and payable date on November 30, 2022. Each fund will distribute $0.6200 (CEM), $0.5200 (EMO), and $0.5400 (CTR) per share, marking a $0.0100 increase from previous distributions. Tax reporting details will follow in early 2023.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) reported its unaudited financial results as of October 31, 2022. The Fund's net assets totaled
ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) released its unaudited financials as of September 30, 2022. The Fund has net assets of $388.8 million and a net asset value per share of $30.10. The asset coverage ratios are strong, with 378% for senior indebtedness and 308% for total leverage. Total assets stand at $579.1 million, with investments totaling $566.4 million. The Fund maintains a total leverage of $187.2 million. This information is crucial for investors assessing the Fund's financial health.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) released its unaudited financial statement for August 31, 2022, reporting net assets of
ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) reported its unaudited financials as of July 31, 2022. The Fund's net assets were $442.0 million with a net asset value per share of $34.22. It boasts a strong asset coverage ratio of 416% for senior debt and 331% for total leverage. Total assets stood at $635.1 million, with total liabilities at just $2.0 million. Investments totaled $605.3 million, reflecting strong management under Legg Mason Partners and ClearBridge Investments.
Legg Mason Partners Fund Advisor announced August 2022 distributions for closed-end funds including CEM, EMO, and CTR. Key dates are the record date of August 24, 2022, ex-dividend date of August 23, 2022, and payable date of August 31, 2022. The distributions are $0.6100 for CEM, $0.5100 for EMO, and $0.5300 for CTR, each reflecting a $0.0100 increase from previous distributions. According to Portfolio Manager Chris Eades, midstream industry fundamentals are improving, leading to accelerated free cash flow and expected higher dividend growth.
ClearBridge MLP and Midstream Fund (CEM), ClearBridge Energy Opportunity Fund (EMO), and ClearBridge MLP and Midstream Total Return Fund (CTR) have announced the amendment of their share repurchase programs. Each Fund is authorized to repurchase an additional 10% of outstanding common stock whenever shares trade below net asset value (NAV). This initiative aims to enhance shareholder value by canceling repurchased shares, thus increasing NAV for remaining shareholders. The Funds’ management will decide on repurchases without specific obligations on amount or discount levels.
ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) released its unaudited financial report for June 30, 2022. The Fund reported net assets of $379.3 million and a net asset value per share of $29.36. Its asset coverage ratio was 375% for senior indebtedness and 298% for total leverage. The Fund holds total assets of $572 million and has outstanding shares totaling 12,917,291. In June, the Fund repurchased 1,817 shares for $55,447.
