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NEW YORK--(BUSINESS WIRE)--Nov 7, 2022--
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) announced today the unaudited statement of assets and liabilities, the net asset value and asset coverage ratio of the Fund as of October 31, 2022.
As of October 31, 2022, the Fund’s net assets were $457.9 million, and its net asset value per share was $35.45. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 424% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 345%.As of October 31, 2022
Amount (millions)
Per Share Investments
$
632.4
$
48.96Cash and Cash Equivalents
3.4
0.26Other Assets
11.2
0.87Total Assets
$
647.0
$
50.09 Senior Notes*
$
41.3
$
3.20Loans Outstanding*
111.0
8.59Mandatory Redeemable Preferred Shares*
34.9
2.70Total Leverage
$
187.2
$
14.49 Other Liabilities
$
1.9
$
0.15Total Liabilities
$
1.9
$
0.15 Net Assets
$
457.9
$
35.45 Outstanding Shares
12,917,291 * The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 424%.* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 345%. Top Ten Equity Holdings (as of October 31, 2022)**Market ValueName(millions)% of Investments***Energy Transfer LP
$
52.5
8.3%Western Midstream Partners LP
$
47.9
7.6%Enterprise Products Partners LP
$
44.0
7.0%MPLX LP
$
42.6
6.7%Targa Resources Corp.
$
38.6
6.1%Magellan Midstream Partners LP
$
33.4
5.3%Williams Cos. Inc.
$
30.2
4.8%DCP Midstream LP
$
29.0
4.6%Cheniere Energy Partners LP
$
26.4
4.2%Plains GP Holdings LP
$
25.0
3.9%
$
369.6
58.5% ** Subject to change at any time*** Percent of Total Equity Investments
ClearBridge Energy Midstream Opportunity Fund Inc. is a non-diversified, closed-end management investment company, which is advised by Legg Mason Partners Fund Advisor, LLC (“LMPFA”) and subadvised by ClearBridge Investments, LLC (“ClearBridge”). LMPFA and ClearBridge are indirect, wholly-owned subsidiaries of Franklin Resources, Inc. (“Franklin Resources”).
This financial data is unaudited.
The Fund files its semi-annual and annual reports with the Securities and Exchange Commission (“SEC”), as well asits complete schedule of portfolio holdings for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. These reports are available on the SEC’s website atwww.sec.gov. To obtain information on FormN-PORT or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.
For more information about the Fund, please call 1-888-777-0102 or consult the Fund’s website at www.franklintempleton.com/investments/options/closed-end-funds. Hard copies of the Fund’s complete audited financial statements are available free of charge upon request.
Data and commentary provided in this press release are for informational purposes only. Franklin Resources and its affiliates do not engage in selling shares of the Fund.
Category: Financials
Source: Franklin Resources, Inc.
Source: Legg Mason Closed End Funds
View source version on businesswire.com:https://www.businesswire.com/news/home/20221107005524/en/
Investor Contact: Fund Investor Services 1-888-777-0102
KEYWORD: NEW YORK UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE
SOURCE: Franklin Resources, Inc. and Legg Mason Closed End Funds
Copyright Business Wire 2022.
PUB: 11/07/2022 07:00 AM/DISC: 11/07/2022 07:02 AM
http://www.businesswire.com/news/home/20221107005524/en