Welcome to our dedicated page for ClearBridge Energy Midstream Opportunity news (Ticker: EMO), a resource for investors and traders seeking the latest updates and insights on ClearBridge Energy Midstream Opportunity 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.
Legg Mason Partners Fund Advisor, LLC announced the distribution declarations for certain closed-end funds for February 2023. The funds include ClearBridge MLP and Midstream Fund Inc. (CEM), ClearBridge Energy Midstream Opportunity Fund Inc. (EMO), and ClearBridge MLP and Midstream Total Return Fund Inc. (CTR). Key dates are: Record Date: 2/21/2023, Ex-Dividend Date: 2/17/2023, and Payable Date: 2/28/2023. Each fund will distribute $0.6300 (CEM), $0.5300 (EMO), and $0.5500 (CTR), each with a $0.0100 increase from their previous distributions. These distributions may have tax implications, and stockholders will receive Form 1099-DIV in early 2024 for tax reporting.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) reported its unaudited assets as of December 31, 2022. The Fund's net assets stood at $425.5 million with a net asset value per share of $33.28. The asset coverage ratio regarding senior indebtedness was 396%, while total leverage stood at 300%. The Fund repurchased 130,000 shares in December for $3,730,554. This financial data was unaudited and reflects the Fund's robust asset management.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) reported its financial data as of November 30, 2022. The Fund's net assets totaled
ClearBridge MLP and Midstream Fund Inc. (CEM), ClearBridge Energy Midstream Opportunity Fund Inc. (EMO), and ClearBridge MLP and Midstream Total Return Fund Inc. (CTR) announced successful private placements of Mandatory Redeemable Preferred Stock (MRPS) on November 17, 2022, raising capital for corporate purposes and refinancing existing leverage. Key offerings include Series L and M for CEM and EMO, totaling approximately $15 million and $17 million, respectively, with rates of 7.12% and 7.28%. CTR issued Series E, raising $11 million at a 7.12% rate, maturing in 2029 and 2032.
Legg Mason Partners Fund Advisor announced the distribution details for certain closed-end funds for November 2022. The funds include ClearBridge MLP and Midstream Fund Inc. (CEM), ClearBridge Energy Midstream Opportunity Fund Inc. (EMO), and ClearBridge MLP and Midstream Total Return Fund Inc. (CTR). Key dates include the record date on November 22, 2022, ex-dividend date on November 21, 2022, and payable date on November 30, 2022. Each fund will distribute $0.6200 (CEM), $0.5200 (EMO), and $0.5400 (CTR) per share, marking a $0.0100 increase from previous distributions. Tax reporting details will follow in early 2023.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) reported its unaudited financial results as of October 31, 2022. The Fund's net assets totaled
ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) released its unaudited financials as of September 30, 2022. The Fund has net assets of $388.8 million and a net asset value per share of $30.10. The asset coverage ratios are strong, with 378% for senior indebtedness and 308% for total leverage. Total assets stand at $579.1 million, with investments totaling $566.4 million. The Fund maintains a total leverage of $187.2 million. This information is crucial for investors assessing the Fund's financial health.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) released its unaudited financial statement for August 31, 2022, reporting net assets of
ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) reported its unaudited financials as of July 31, 2022. The Fund's net assets were $442.0 million with a net asset value per share of $34.22. It boasts a strong asset coverage ratio of 416% for senior debt and 331% for total leverage. Total assets stood at $635.1 million, with total liabilities at just $2.0 million. Investments totaled $605.3 million, reflecting strong management under Legg Mason Partners and ClearBridge Investments.
Legg Mason Partners Fund Advisor announced August 2022 distributions for closed-end funds including CEM, EMO, and CTR. Key dates are the record date of August 24, 2022, ex-dividend date of August 23, 2022, and payable date of August 31, 2022. The distributions are $0.6100 for CEM, $0.5100 for EMO, and $0.5300 for CTR, each reflecting a $0.0100 increase from previous distributions. According to Portfolio Manager Chris Eades, midstream industry fundamentals are improving, leading to accelerated free cash flow and expected higher dividend growth.
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