ClearBridge Energy Midstream Opportunity Fund Inc. Announces Unaudited Balance Sheet Information as of December 31, 2025
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Key Terms
investment company act of 1940regulatory
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.
asset coverage ratiofinancial
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.
closed-end management investment companyfinancial
A closed-end management investment company is a pooled investment fund that raises a fixed amount of capital by issuing a set number of shares and then lists those shares for trading on an exchange; investors buy and sell shares on the market rather than redeeming them back to the fund. Think of it like a store with a fixed number of bottles on the shelf: the market price can be higher or lower than the underlying value of the assets, which matters to investors because it affects returns, liquidity and income characteristics independent of the fund’s actual holdings.
senior indebtednessfinancial
Senior indebtedness is the portion of a company’s debt that must be repaid before other debts if the company runs into trouble or is liquidated. Think of it like having first dibs on a limited pot of money — lenders holding senior debt are paid first, so their loans are less risky but may carry lower interest. Investors watch senior indebtedness to judge recovery chances and relative risk in a default.
mandatory redeemable preferred sharesfinancial
A share that pays a fixed return and must be bought back by the issuer at a set time or upon a predetermined event, combining features of stock and a loan. It matters to investors because holders get priority on payments and a promised repayment date—like lending money with a scheduled payback—so these shares limit upside from company growth but reduce risk compared with ordinary shares and can affect a company’s future cash needs.
form n-portregulatory
Form N-PORT is a standardized regulatory filing that investment funds use to report detailed, month-by-month information about what they own and certain risk and liquidity measures to securities regulators. For investors, it acts like an itemized monthly bank statement for a fund, offering transparency about holdings and exposures so people can judge a fund’s strategy, concentration and potential risks over time.
schedule of portfolio holdingsfinancial
A schedule of portfolio holdings is a detailed list showing the investments a fund or managed account owns at a specific date, often including each security’s name, quantity and percentage of the portfolio. Think of it as a snapshot or grocery list that lets investors see what they actually hold, assess concentration and overlap, judge risk and diversification, and verify that the manager’s actions match their strategy and fees.
semi-annual and annual reportsregulatory
Official semi-annual and annual reports are regular financial summaries companies publish every six months or yearly that show income, expenses, cash flow, and a plain-language discussion of business performance. Think of them as a health check and scoreboard combined: they let investors see whether a company is growing, profitable, and managing risks, which helps people judge the value and safety of owning its stock or lending it money.
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 December 31, 2025.
As of December 31, 2025, the Fund’s net assets were $972.2 million, and its net asset value per share was $48.57. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 744% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 523%.
As of December 31, 2025
Amount (millions)
Per Share
Investments
$
1,244.7
$
62.18
Cash and Cash Equivalents
8.1
0.40
Other Assets
11.2
0.56
Total Assets
$
1,264.0
$
63.14
Senior Notes*
$
17.5
$
0.87
Loans Outstanding*
144.0
7.19
Mandatory Redeemable Preferred Shares*
68.2
3.41
Total Leverage
$
229.7
$
11.47
Deferred Tax Liability
$
59.7
$
2.98
Other Liabilities
2.4
0.12
Total Liabilities
$
62.1
$
3.10
Net Assets
$
972.2
$
48.57
Outstanding Shares
20,014,627
* The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was 744%.
* The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 523%.
Top Ten Equity Holdings (as of December 31, 2025)**
Market Value
Name
(millions)
% of Investments
***
Targa Resources Corp.
$
131.0
10.5
%
Energy Transfer LP
$
115.0
9.2
%
MPLX LP
$
103.9
8.3
%
Williams Cos. Inc.
$
94.0
7.6
%
Western Midstream Partners LP
$
92.2
7.4
%
ONEOK Inc.
$
86.3
6.9
%
Kinder Morgan Inc.
$
77.2
6.2
%
Enterprise Products Partners LP
$
76.2
6.1
%
Enbridge Inc.
$
65.8
5.3
%
TC Energy Corp.
$
59.1
4.8
%
$
900.7
72.3
%
** 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.
