Welcome to our dedicated page for ClearBridge Energy Midstream Opportunity Fund news (Ticker: EMO), a resource for investors and traders seeking the latest updates and insights on ClearBridge Energy Midstream Opportunity Fund stock.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) is a non-diversified, closed-end management investment company focused on midstream energy entities. The Fund’s news flow frequently centers on unaudited balance sheet information, net asset value (NAV) updates, leverage metrics and capital structure developments tied to its portfolio of midstream investments.
On this page, readers can follow EMO news items that detail its statements of assets and liabilities as of specific month-end or quarter-end dates. These updates typically include total assets, investments, cash and cash equivalents, various forms of leverage such as senior notes, loans outstanding and mandatory redeemable preferred shares, as well as deferred tax liabilities, other liabilities and net assets. The Fund also reports asset coverage ratios under the Investment Company Act of 1940 for senior indebtedness and total leverage.
News coverage for EMO has also highlighted its transferable rights offering, including announcements of authorization, preliminary results and final results. These items describe the terms of the offering, the ratio of rights to new shares, the method of determining the subscription price, the number of shares of common stock issued and the gross proceeds expected from the offer. Such announcements provide context on how EMO raises additional capital to pursue its investment objective of total return with an emphasis on cash distributions.
Investors and observers can use this news feed to monitor EMO’s reported top ten equity holdings, which have included a range of midstream energy companies, and to see how the Fund’s portfolio composition and leverage profile are described over time. Because the Fund notes that financial data in press releases is unaudited and subject to change, this page serves as a convenient way to track EMO’s publicly released updates and fund announcements in one place.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) reported its unaudited financials as of June 30, 2021, showing net assets of $381.9 million and a net asset value (NAV) per share of $28.70. The asset coverage ratio for senior indebtedness stands at 479%, while total leverage is at 346%.
The Fund’s total assets amount to $538.6 million, with investments worth $524.3 million. Cash and cash equivalents are reported at $7.4 million.
ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) announced its unaudited financials as of May 31, 2021. The Fund reported net assets of $353.8 million and a net asset value (NAV) per share of $26.58. Its asset coverage ratio for senior indebtedness was 489%, and 344% for total leverage. The Fund's total assets stood at $500.1 million, with a total leverage of $145.2 million. It also disclosed a portfolio with investments totaling $487.9 million.
ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) announced its financial metrics as of April 30, 2021. The Fund's net assets stand at $328.3 million with a net asset value per share of $24.67. It shows strong asset coverage ratios: 512% for senior indebtedness and 346% for total leverage. Total assets are reported at $462.7 million and total liabilities at $1.2 million, indicating a healthy financial position for the Fund.
Legg Mason Partners Fund Advisor announced May 2021 distributions for three closed-end funds: CEM, EMO, and CTR. The record date is set for May 21, 2021, while the ex-dividend date is May 20, 2021, with payments scheduled for May 28, 2021. CEM will distribute $0.4800, EMO will distribute $0.3800, and CTR will distribute $0.4200, reflecting increases of $0.0050, $0.0550, and $0.0200 respectively. The increased rates are aligned with the funds' cash flows. Distributions may be classified as dividend income or return of capital for tax.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) reported its unaudited financials as of March 31, 2021, revealing net assets of $304.6 million and a net asset value per share of $22.87. The Fund's asset coverage ratio was noted at 486% for senior indebtedness and 329% for total leverage. Investment total stood at $425.4 million, while cash and cash equivalents reached $7.5 million. Additionally, the Fund repurchased 180,519 shares for a total of $3,361,762 during March.
ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) reported its unaudited net assets of $284.9 million and a net asset value per share of $21.09 as of February 28, 2021. The Fund's asset coverage ratio for senior indebtedness is 549%, while total leverage stands at 345%. The total assets amount to $402.4 million, with investments of $392.4 million. The Fund repurchased 52,171 common shares for $890,366 during the month. This financial data remains unaudited.
ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) released its unaudited financial data as of January 31, 2021. The Fund reported net assets of $260.1 million and a net asset value per share of $19.19. Its asset coverage ratio for senior debt was 515%, while total leverage was 324%. The Fund repurchased 70,224 shares in the open market, spending approximately $1.03 million. Additional details regarding the Fund's holdings and performance can be accessed via the SEC's website.
Legg Mason Partners Fund Advisor, LLC announced the distributions for February 2021 for several closed-end funds. Key dates include the record date of 2/19/2021, ex-dividend date of 2/18/2021, and payable date of 2/26/2021. The funds include:
- CEM: $0.4750, no change from previous distribution.
- EMO: $0.3250, no change from previous distribution.
- CTR: $0.4000, no change from previous distribution.
The distributions may involve dividend income, return of capital, or both for tax purposes.
ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) released its unaudited financial data as of December 31, 2020. The Fund reported net assets of $243.2 million, resulting in a net asset value per share of $17.84. The asset coverage ratio for senior indebtedness stood at 620%, while total leverage accounted for 348%. Total assets were $343.1 million, with investments amounting to $331.6 million. The Fund repurchased 247,612 shares, totaling $3,578,902 under its stock repurchase plan.
ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) released its unaudited financial report as of October 31, 2020. Key figures include net assets of $180.0 million and a net asset value per share of $12.84. The asset coverage ratios were notably strong, at 595% for senior indebtedness and 304% for total leverage. The fund's total assets stood at $275.5 million, primarily composed of $261.3 million in investments and $9.9 million in cash. The top ten equity holdings represented 56.1% of investments, showcasing a diversified portfolio.