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ClearBridge Energy Midstream Opportunity Fund Inc. reports recurring closed-end fund updates on net asset value, statements of assets and liabilities, asset coverage under the Investment Company Act of 1940, and leverage that includes senior notes, loans outstanding and mandatory redeemable preferred shares. The Fund is a non-diversified closed-end management investment company focused on energy midstream entities involved in services such as gathering, transportation, processing, storage and distribution of oil, natural gas liquids and natural gas.
News also covers stockholder meeting results, director elections, auditor ratification and capital actions such as rights offerings. The Fund is advised by Franklin Templeton Fund Adviser, LLC and subadvised by ClearBridge Investments, LLC.
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.