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.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) reported its unaudited financials as of June 30, 2021, showing net assets of $381.9 million and a net asset value (NAV) per share of $28.70. The asset coverage ratio for senior indebtedness stands at 479%, while total leverage is at 346%.
The Fund’s total assets amount to $538.6 million, with investments worth $524.3 million. Cash and cash equivalents are reported at $7.4 million.
ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) announced its unaudited financials as of May 31, 2021. The Fund reported net assets of $353.8 million and a net asset value (NAV) per share of $26.58. Its asset coverage ratio for senior indebtedness was 489%, and 344% for total leverage. The Fund's total assets stood at $500.1 million, with a total leverage of $145.2 million. It also disclosed a portfolio with investments totaling $487.9 million.
ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) announced its financial metrics as of April 30, 2021. The Fund's net assets stand at $328.3 million with a net asset value per share of $24.67. It shows strong asset coverage ratios: 512% for senior indebtedness and 346% for total leverage. Total assets are reported at $462.7 million and total liabilities at $1.2 million, indicating a healthy financial position for the Fund.
Legg Mason Partners Fund Advisor announced May 2021 distributions for three closed-end funds: CEM, EMO, and CTR. The record date is set for May 21, 2021, while the ex-dividend date is May 20, 2021, with payments scheduled for May 28, 2021. CEM will distribute $0.4800, EMO will distribute $0.3800, and CTR will distribute $0.4200, reflecting increases of $0.0050, $0.0550, and $0.0200 respectively. The increased rates are aligned with the funds' cash flows. Distributions may be classified as dividend income or return of capital for tax.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) reported its unaudited financials as of March 31, 2021, revealing net assets of $304.6 million and a net asset value per share of $22.87. The Fund's asset coverage ratio was noted at 486% for senior indebtedness and 329% for total leverage. Investment total stood at $425.4 million, while cash and cash equivalents reached $7.5 million. Additionally, the Fund repurchased 180,519 shares for a total of $3,361,762 during March.
ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) reported its unaudited net assets of $284.9 million and a net asset value per share of $21.09 as of February 28, 2021. The Fund's asset coverage ratio for senior indebtedness is 549%, while total leverage stands at 345%. The total assets amount to $402.4 million, with investments of $392.4 million. The Fund repurchased 52,171 common shares for $890,366 during the month. This financial data remains unaudited.
ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) released its unaudited financial data as of January 31, 2021. The Fund reported net assets of $260.1 million and a net asset value per share of $19.19. Its asset coverage ratio for senior debt was 515%, while total leverage was 324%. The Fund repurchased 70,224 shares in the open market, spending approximately $1.03 million. Additional details regarding the Fund's holdings and performance can be accessed via the SEC's website.
Legg Mason Partners Fund Advisor, LLC announced the distributions for February 2021 for several closed-end funds. Key dates include the record date of 2/19/2021, ex-dividend date of 2/18/2021, and payable date of 2/26/2021. The funds include:
- CEM: $0.4750, no change from previous distribution.
- EMO: $0.3250, no change from previous distribution.
- CTR: $0.4000, no change from previous distribution.
The distributions may involve dividend income, return of capital, or both for tax purposes.
ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) released its unaudited financial data as of December 31, 2020. The Fund reported net assets of $243.2 million, resulting in a net asset value per share of $17.84. The asset coverage ratio for senior indebtedness stood at 620%, while total leverage accounted for 348%. Total assets were $343.1 million, with investments amounting to $331.6 million. The Fund repurchased 247,612 shares, totaling $3,578,902 under its stock repurchase plan.
ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) released its unaudited financial report as of October 31, 2020. Key figures include net assets of $180.0 million and a net asset value per share of $12.84. The asset coverage ratios were notably strong, at 595% for senior indebtedness and 304% for total leverage. The fund's total assets stood at $275.5 million, primarily composed of $261.3 million in investments and $9.9 million in cash. The top ten equity holdings represented 56.1% of investments, showcasing a diversified portfolio.
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