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.
Legg Mason Partners Fund Advisor announced the distribution details for its closed-end funds for May 2022. The distribution amounts are as follows: ClearBridge MLP and Midstream Fund (CEM) at $0.6000, ClearBridge Energy Midstream Opportunity Fund (EMO) at $0.5000, and ClearBridge MLP and Midstream Total Return Fund (CTR) at $0.5200. The record date for distributions is May 23, 2022, with an ex-dividend date of May 20, 2022, and a payable date of May 31, 2022. Portfolio Manager Chris Eades noted improving midstream industry fundamentals, indicating greater expected dividend growth.
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.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) released its unaudited assets and liabilities statement as of January 31, 2022. The Fund reported $408.1 million in net assets and a net asset value per share of $31.14. Its asset coverage ratios were notably high, at 464% for senior indebtedness and 344% for total leverage under the Investment Company Act of 1940. The Fund holds significant investments, with total assets amounting to $577.2 million, ensuring a stable financial position for stakeholders.
Legg Mason Partners Fund Advisor announced monthly distributions for certain closed-end funds for February 2022. Key details include:
- CEM: $0.4900, up $0.0100
- EMO: $0.3900, up $0.0100
- CTR: $0.4300, up $0.0100
The record date is February 18, 2022, with an ex-dividend date of February 17, 2022, and payment on February 28, 2022. The increased distributions align with each Fund's cash flows and may have tax implications for investors.
ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) reported its unaudited financials as of December 31, 2021. The Fund's net assets stood at $361.8 million with a net asset value per share of $27.60. The asset coverage ratio for senior indebtedness reached 426% and 316% for total leverage. The Fund's investments totaled $507.7 million, while cash and equivalents were $15.9 million. During December, 94,774 shares were repurchased, totaling $2,063,074 in market value.
ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) reported its unaudited assets and liabilities as of November 30, 2021. The total net assets were $350.5 million, with a net asset value per share of $26.53. The Fund's asset coverage ratio for senior indebtedness was a robust 417%, while total leverage stood at 310%. Additionally, during November 2021, the Fund repurchased 105,187 shares for approximately $2.43 million.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) reported its unaudited asset statement as of October 31, 2021. The Fund's net assets total $393.2 million, with a net asset value per share at $29.55. Key metrics include an asset coverage ratio of 452% for senior indebtedness and 335% for total leverage under the Investment Company Act of 1940. Total assets reached $561.9 million, and investments amounted to $538.5 million. The outstanding shares are reported at 13,307,118. This data is unaudited and available for review on the SEC's website.
Legg Mason Partners Fund Advisor announced the distributions for several closed-end funds for November 2021. The key dates include:
- Record Date: 11/22/2021
- Ex-Dividend Date: 11/19/2021
- Payable Date: 11/30/2021
The funds and their respective distribution amounts are:
- CEM: $0.4800
- EMO: $0.3800
- CTR: $0.4200
Distributions may be classified for tax purposes as either dividend income or return of capital.
ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) reported its unaudited asset statement as of September 30, 2021. The fund's net assets stood at $361.4 million, with a net asset value per share of $27.16. The asset coverage ratio with respect to senior indebtedness was 460%, while the total leverage ratio was 333%. Total assets reached $527.8 million, indicating a stable investment position for the fund.
On August 31, 2021, ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) reported net assets of $341.1 million and a net asset value per share of $25.63. The Fund achieved an asset coverage ratio of 443% regarding senior indebtedness and 320% for total leverage. Total assets were valued at $497.4 million, with investments amounting to $486.5 million. The Fund's operational metrics indicate strong financial leverage management, supporting its investment strategy in the energy midstream sector.
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