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.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) reported its unaudited financials as of January 31, 2023. The Fund's net assets are valued at $455.3 million, with a net asset value per share of $35.61. The asset coverage ratio concerning senior indebtedness stands at 414%, while for total leverage it is 314%. The total assets of the Fund amount to $675.4 million, and total liabilities are $6.9 million. Investments total $647.6 million with $11.5 million in cash and equivalents. The Fund has 12,787,291 outstanding shares.
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 $464.6 million, with a net asset value per share of $35.97. Its asset coverage ratio with respect to senior indebtedness was 439%, while the total leverage coverage ratio stood at 328%. The investments held by the fund amounted to $650.2 million, representing an average of $50.34 per share for these assets.
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 $457.9 million, with a net asset value per share of $35.45. The asset coverage ratios were notably strong, at 424% for senior indebtedness and 345% for total leverage under the Investment Company Act of 1940. Total assets reached $647.0 million with investments valued at $632.4 million.
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 $448.7 million and a net asset value per share of $34.74. The Fund boasts a robust asset coverage ratio of 418% for senior indebtedness and 340% for total leverage. Total assets amount to $637.4 million, while total liabilities are $1.5 million. Cash and cash equivalents stand at $1.8 million. The Fund's top ten equity holdings represent 57.5% of its total investments.
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.