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. 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 (NYSE: EMO) released its unaudited financial report for June 30, 2022. The Fund reported net assets of $379.3 million and a net asset value per share of $29.36. Its asset coverage ratio was 375% for senior indebtedness and 298% for total leverage. The Fund holds total assets of $572 million and has outstanding shares totaling 12,917,291. In June, the Fund repurchased 1,817 shares for $55,447.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) reported its unaudited financial status as of May 31, 2022. The Fund's net assets totaled $474.4 million, resulting in a net asset value per share of $36.70. The asset coverage ratios stood at 411% for senior indebtedness and 332% for total leverage. Over the month, the Fund repurchased and retired 63,136 common shares, totaling $1,835,226. The financial data remains unaudited and reports are accessible via the SEC's website.
ClearBridge Energy Midstream Opportunity Fund announced its unaudited financial results as of April 30, 2022. The Fund's net assets reached $446.7 million, with a net asset value per share of $34.41. The asset coverage ratio for senior indebtedness was 394%, while total leverage stood at 319%. Key investments included Enterprise Products Partners LP and MPLX LP, contributing significantly to the overall investment portfolio.
ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) reported its financials as of March 31, 2022. The Fund's net assets stood at $455.5 million, with a net asset value (NAV) per share of $35.08. It boasted an impressive asset coverage ratio of 399% for senior indebtedness and 323% for total leverage. The Fund has total assets of $661.3 million, including investments worth $648.2 million. Notably, it repurchased 124,913 common shares during the month for a total of $3.25 million.
Legg Mason Partners Fund Advisor announced the distribution details for its closed-end funds for May 2022. The distribution amounts are as follows: ClearBridge MLP and Midstream Fund (CEM) at $0.6000, ClearBridge Energy Midstream Opportunity Fund (EMO) at $0.5000, and ClearBridge MLP and Midstream Total Return Fund (CTR) at $0.5200. The record date for distributions is May 23, 2022, with an ex-dividend date of May 20, 2022, and a payable date of May 31, 2022. Portfolio Manager Chris Eades noted improving midstream industry fundamentals, indicating greater expected dividend growth.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) has released its unaudited financial report as of February 28, 2022. The fund's net assets stand at $428.1 million, with a net asset value per share of $32.66. Its asset coverage ratio with respect to senior indebtedness is notably high at 480%, while the total leverage coverage ratio is 356%. The fund's investments total $583.6 million, demonstrating a solid position in the energy midstream sector.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) released its unaudited assets and liabilities statement as of January 31, 2022. The Fund reported $408.1 million in net assets and a net asset value per share of $31.14. Its asset coverage ratios were notably high, at 464% for senior indebtedness and 344% for total leverage under the Investment Company Act of 1940. The Fund holds significant investments, with total assets amounting to $577.2 million, ensuring a stable financial position for stakeholders.
Legg Mason Partners Fund Advisor announced monthly distributions for certain closed-end funds for February 2022. Key details include:
- CEM: $0.4900, up $0.0100
- EMO: $0.3900, up $0.0100
- CTR: $0.4300, up $0.0100
The record date is February 18, 2022, with an ex-dividend date of February 17, 2022, and payment on February 28, 2022. The increased distributions align with each Fund's cash flows and may have tax implications for investors.
ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) reported its unaudited financials as of December 31, 2021. The Fund's net assets stood at $361.8 million with a net asset value per share of $27.60. The asset coverage ratio for senior indebtedness reached 426% and 316% for total leverage. The Fund's investments totaled $507.7 million, while cash and equivalents were $15.9 million. During December, 94,774 shares were repurchased, totaling $2,063,074 in market value.
ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) reported its unaudited assets and liabilities as of November 30, 2021. The total net assets were $350.5 million, with a net asset value per share of $26.53. The Fund's asset coverage ratio for senior indebtedness was a robust 417%, while total leverage stood at 310%. Additionally, during November 2021, the Fund repurchased 105,187 shares for approximately $2.43 million.