ClearBridge Energy Midstream Opportunity Fund Inc. Announces Unaudited Balance Sheet Information as of November 30, 2025

Key Terms

asset coverage ratio financial

Asset coverage ratio measures how much of a company’s debt or preferred claims could be paid off using its tangible assets if the business had to be sold. It’s a safety check for investors and creditors, showing the size of the asset “cushion” available to meet obligations; a higher ratio means more protection, like having enough savings and sellable belongings to cover outstanding bills, while a low ratio signals greater risk of loss.

Investment Company Act of 1940 regulatory

A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.

net asset value financial

Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.

NEW YORK--(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 November 30, 2025.

As of November 30, 2025, the Fund’s net assets were $978.4 million, and its net asset value per share was $48.88. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 791% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 545%.

	As of November 30, 2025
	Amount (millions)			Per Share
Investments	$	1,223.0		$	61.10
Cash and Cash Equivalents		32.8			1.64
Other Assets		11.2			0.56
Total Assets	$	1,267.0		$	63.30
Senior Notes*	$	17.5		$	0.87
Loans Outstanding*		134.0			6.70
Mandatory Redeemable Preferred Shares*		68.2			3.41
Total Leverage	$	219.7		$	10.98
Deferred Tax Liability	$	59.4		$	2.97
Distributions Payable		7.2			0.36
Other Liabilities		2.3			0.11
Total Liabilities	$	68.9		$	3.44
Net Assets	$	978.4		$	48.88
Outstanding Shares		20,014,627
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 791%.
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 545%.
Top Ten Equity Holdings (as of November 30, 2025)**
	Market Value
Name	(millions)			% of Investments		***
Targa Resources Corp.	$	124.5			10.2%
Energy Transfer LP	$	116.5			9.5%
MPLX LP	$	105.7			8.6%
Williams Cos. Inc.	$	93.6			7.7%
Western Midstream Partners LP	$	91.8			7.5%
ONEOK Inc.	$	85.5			7.0%
Enterprise Products Partners LP	$	77.9			6.4%
Kinder Morgan Inc.	$	72.9			6.0%
Enbridge Inc.	$	62.3			5.1%
Antero Midstream Corp.	$	59.5			4.9%
	$	890.2			72.9%
** 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”) 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.

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/20251205708927/en/

Investor Contact: Fund Investor Services 1-888-777-0102

Source: Franklin Resources, Inc. and Legg Mason Closed End Funds