ClearBridge Energy Midstream Opportunity Fund Inc - EMO STOCK NEWS

ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) reported its financial position as of March 31, 2024, with net assets of $566.3 million and a net asset value per share of $44.29. The Fund's asset coverage ratios under the 1940 Act were 437% for senior indebtedness and 361% for total leverage. Top ten equity holdings included Energy Transfer LP, ONEOK Inc., and Targa Resources Corp.

ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) released its unaudited financial report as of February 29, 2024. The Fund's net assets were $519.6 million, with a net asset value per share of $40.64. Asset coverage ratios were 446% for senior indebtedness and 339% for total leverage. The top ten equity holdings accounted for 70.7% of investments.

ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) reported its unaudited statement of assets and liabilities, net asset value, and asset coverage ratio as of January 31, 2024. The Fund's net assets were $494.9 million, with a net asset value per share of $38.70. The asset coverage ratio under the 1940 Act for senior indebtedness was 431%, and for total leverage was 328%. The Fund's top ten equity holdings as of January 31, 2024, accounted for 69.4% of total equity investments. ClearBridge Energy Midstream Opportunity Fund Inc. is a non-diversified, closed-end management investment company, advised by Franklin Templeton Fund Adviser, LLC and subadvised by ClearBridge Investments, LLC.

The press release announces the approval by the Board of Directors of ClearBridge MLP and Midstream Fund Inc. (CEM), ClearBridge Energy Midstream Opportunity Fund Inc. (EMO), and ClearBridge MLP and Midstream Total Return Fund Inc. (CTR) to merge CEM with and into EMO and CTR with and into EMO. The proposed mergers are expected to occur during the third quarter of 2024 and are subject to stockholder approval. If approved, common stockholders of CEM and CTR will receive shares of common stock of EMO based on each Fund’s respective net asset value (NAV) per share, and holders of CEM’s and CTR’s mandatory redeemable preferred stock (MRPS) will receive shares of MRPS of EMO with the same aggregate liquidation preference and terms to their respective MRPS. The management and each Fund’s Board of Directors believe that the merger will result in lower operating expenses, enhanced earning potential, and greater trading volume. The merger is expected to qualify as a tax-free reorganization for federal income tax purposes. In connection with the proposal to merge, the Funds intend to file a combined proxy statement and prospectus with the SEC, and investors and stockholders are advised to read the proxy statement and prospectus when it becomes available.

Franklin Templeton Fund Adviser, LLC announced the February 2024 distributions for certain closed-end funds, including ClearBridge MLP and Midstream Fund Inc. (CEM), ClearBridge Energy Midstream Opportunity Fund Inc. (EMO), and ClearBridge MLP and Midstream Total Return Fund Inc. (CTR). The distributions may be treated as dividend income, return of capital, or a combination thereof for tax purposes. Stockholders will receive a Form 1099-DIV in early 2025 for tax reporting purposes.

ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) announced its unaudited statement of assets and liabilities, net asset value, and asset coverage ratio as of December 31, 2023. The Fund's net assets were $482.3 million, with a net asset value per share of $37.72. The asset coverage ratio under the 1940 Act for senior indebtedness was 423%, and for total leverage was 322%. The top ten equity holdings accounted for 70.4% of total equity investments.

ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) reported net assets of $495.5 million and net asset value per share of $38.75 as of November 30, 2023. The Fund's asset coverage ratio under the 1940 Act was 431% for senior indebtedness and 328% for total leverage. The top ten equity holdings accounted for 69% of total equity investments.

Franklin Resources, Inc. (Ticker: BEN) Announces November 2023 Distribution Schedule for Certain Closed End Funds; ClearBridge MLP and Midstream Fund Inc. (Ticker: CEM) Declares $0.7700, ClearBridge Energy Midstream Opportunity Fund Inc. (Ticker: EMO) Declares $0.6500, ClearBridge MLP and Midstream Total Return Fund Inc. (Ticker: CTR) Declares $0.7000

ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) released its unaudited statement of assets and liabilities as of October 31, 2023. The Fund's net assets were $460.1 million, net asset value per share was $35.98, and asset coverage ratios under the 1940 Act were 410% for senior indebtedness and 312% for total leverage.