Overview of ClearBridge Energy Midstream Opportunity Fund Inc.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) recently shared its financial data, showcasing the key aspects of its performance as of the latest reporting period. As a closed-end management investment company, the Fund is under the careful guidance of Franklin Templeton Fund Adviser, LLC (FTFA) and subadvised by ClearBridge Investments, LLC. Both FTFA and ClearBridge are wholly owned subsidiaries of Franklin Resources, Inc.
Financial Highlights
As per the latest report, the Fund boasts net assets amounting to $983.7 million, translating to a net asset value per share of $54.08. A prominent aspect of its financial strength is its asset coverage ratio, which stands at an impressive 573% with respect to senior indebtedness and 408% concerning total leverage, as determined by the Investment Company Act of 1940.
Assets and Liabilities
The Fund's total assets have been recorded at $1,380.9 million, indicating robust financial positioning. Here’s a brief overview of its assets:
- Investments: $1,343.2 million, or $73.85 per share.
- Cash and Cash Equivalents: $21.1 million, equating to $1.16 per share.
- Other Assets: $16.6 million, or $0.91 per share.
Liabilities Breakdown
On the liabilities front, the Fund exhibits careful management. Total liabilities equate to $77.3 million, which includes:
- Senior Notes: $63.5 million, or $3.49 per share.
- Loans Outstanding: $164.0 million, with $9.02 per share.
- Mandatory Redeemable Preferred Shares: $92.4 million, amounting to $5.08 per share.
Operational Structure and Shareholder Information
ClearBridge Energy Midstream Opportunity Fund Inc. is committed to transparency in its operations. The Fund files comprehensive semi-annual and annual reports with the Securities and Exchange Commission (SEC), making its complete portfolio holdings available to investors. Shareholders can obtain further information on the Fund's operations and financial standing through direct channels, including a dedicated telephone line.
Top Ten Equity Holdings
The Fund strategically invests across various sectors, with its top equity holdings contributing significantly to its total investments. Some notable holdings include:
- Energy Transfer LP: $166.6 million (12.4% of investments)
- Targa Resources Corp: $145.0 million (10.8% of investments)
- ONEOK Inc: $118.0 million (8.8% of investments)
- MPLX LP: $113.1 million (8.4% of investments)
- Western Midstream Partners LP: $95.6 million (7.1% of investments)
- Enterprise Products Partners LP: $86.9 million (6.5% of investments)
- Williams Cos Inc: $81.5 million (6.1% of investments)
- Kinder Morgan Inc: $74.9 million (5.6% of investments)
- Plains GP Holdings LP: $62.1 million (4.6% of investments)
- Plains All American Pipeline LP: $62.1 million (4.6% of investments)
Future Directions
ClearBridge Energy Midstream Opportunity Fund Inc. continues to adapt to the changing economic landscape and aims to deliver value to its shareholders through effective investment strategies and transparent management practices. Stakeholders are encouraged to stay informed as the Fund navigates through investment opportunities in the energy sector.
Frequently Asked Questions
What is ClearBridge Energy Midstream Opportunity Fund Inc.?
It is a closed-end management investment company focused on energy midstream investments, advised by Franklin Templeton.
What are the key assets of the Fund?
The Fund's main assets include investments totaling $1,343.2 million and cash equivalents of $21.1 million.
What is the net asset value per share?
The net asset value per share is $54.08 based on the latest financial data.
Where can shareholders find financial reports?
Shareholders can find the Fund's reports filed with the SEC on the SEC's official website.
How can investors contact the Fund for more information?
Investors can call the Fund's office at 1-888-777-0102 for inquiries and information.
