ClearBridge Energy Midstream Opportunity Fund Inc. Announces Unaudited Balance Sheet Information as of July 31, 2024
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NEW YORK, August 07, 2024--(BUSINESS WIRE)--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 July 31, 2024.
As of July 31, 2024, the Fund’s net assets were $299.7 million, and its net asset value per share was $46.87. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the "1940 Act") with respect to senior indebtedness was 488% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 347%.
| As of July 31, 2024 | |||||||
| Amount (millions) | Per Share | ||||||
| Investments | $ | 421.6 | $ | 65.94 | |||
| Cash and Cash Equivalents | 5.5 | 0.86 | |||||
| Other Assets | 5.0 | 0.78 | |||||
| Total Assets | $ | 432.1 | $ | 67.58 | |||
| Senior Notes* | $ | 21.3 | $ | 3.33 | |||
| Loans Outstanding* | 65.0 | 10.17 | |||||
| Mandatory Redeemable Preferred Shares* | 34.9 | 5.46 | |||||
| Total Leverage | $ | 121.2 | $ | 18.96 | |||
| Deferred Tax Liability | $ | 6.6 | $ | 1.03 | |||
| Other Liabilities | 4.6 | 0.72 | |||||
| Total Liabilities | $ | 11.2 | $ | 1.75 | |||
| Net Assets | $ | 299.7 | $ | 46.87 | |||
| Outstanding Shares | 6,393,646 | ||||||
| * The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 488%. | |||||||
| * The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 347%. | |||||||
| Top Ten Equity Holdings (as of July 31, 2024)** | |||||||
| Market Value | |||||||
| Name | (millions) | % of Investments | *** | ||||
| Energy Transfer LP | $ | 49.2 | 11.7 | % | |||
| Targa Resources Corp. | $ | 38.2 | 9.1 | % | |||
| Western Midstream Partners LP | $ | 34.2 | 8.1 | % | |||
| ONEOK Inc. | $ | 33.6 | 8.0 | % | |||
| MPLX LP | $ | 32.2 | 7.6 | % | |||
| Enterprise Products Partners LP | $ | 27.2 | 6.4 | % | |||
| Williams Cos. Inc. | $ | 22.5 | 5.3 | % | |||
| Kinder Morgan Inc. | $ | 21.9 | 5.2 | % | |||
| Plains All American Pipeline LP | $ | 19.8 | 4.7 | % | |||
| Plains GP Holdings LP | $ | 19.6 | 4.7 | % | |||
| $ | 298.4 | 70.8 | % | ||||
| ** 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 Franklin Templeton Fund Adviser, LLC ("FTFA") (formerly known as Legg Mason Partners Fund Advisor, LLC) and subadvised by ClearBridge Investments, LLC ("ClearBridge"). FTFA 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 as its 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 at www.sec.gov. To obtain information on Form N-PORT or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.