ClearBridge Energy Midstream Opportunity Fund’s Financial Insights
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) has recently announced key updates regarding its unaudited balance sheet. This update reflects the financial positioning of the fund, showing assets, net asset value, and leverage ratios which are essential for investors seeking insights into the fund's performance and stability.
Net Asset Overview
As of the latest reporting period, the net assets of the Fund total approximately $930.5 million. This financial assessment reveals a net asset value per share of $51.15, affirming a robust asset foundation that supports investor confidence in the fund's ongoing operations.
Investment Coverage Ratios
The Fund's asset coverage ratio under the Investment Company Act of 1940, particularly for senior debt, stands at an impressive 550%. This coverage demonstrates a strong buffer against financial obligations, ensuring that the Fund is well-positioned to manage its long-term debt.
Total Leverage Insights
Furthermore, the overall leverage ratio is currently evaluated at 391%, indicating that the Fund maintains a controlled level of debt compared to its total assets. Such metrics are critical for potential and current shareholders to assess the risk and return balance associated with their investments.
Component Breakdown of Total Assets
A closer look at the composition of total assets shows substantial investments valued at $1,282.2 million and liquid cash and equivalents holding at $28 million. This diversified portfolio allows the Fund to navigate market fluctuations effectively.
Cash Reserves and Other Assets
Cash resources remain a crucial component, with liquidities amounting to $28 million and minor additional assets totaling around $1.8 million. Such reserves enhance the Fund's ability to respond to emerging opportunities or unforeseen expenses.
Debt Obligations and Liabilities
Total liabilities are noted at approximately $61.6 million, fostering confidence in the Fund's fiscal responsibility and maintaining manageable debt levels. This careful management of liabilities ensures sustainable operations and financial viability.
Stakeholder Engagement
Engagement with stakeholders remains vital for ClearBridge Energy Midstream Opportunity Fund. With a solid shareholder base, the Fund oversees approximately 18 million outstanding shares, promoting transparency and active communication within its investment community.
Fund Management
The Fund is governed by ClearBridge Investments, LLC, a reputable firm in asset management, which provides strategic oversight essential for the Fund’s growth and alignment with investor interests. Such management ensures that investment decisions are consistently made with a meticulous approach to performance and risk assessment.
Monitoring Investments
To keep the investment community informed, the Fund files regular reports, including semi-annual and annual updates with the Securities and Exchange Commission (SEC). These reports encompass a complete overview of portfolio holdings and relevant financial disclosures.
Contact for More Information
For further inquiries about the Fund's financial situation, stakeholders and interested investors are encouraged to contact the Fund directly via their support number. ClearBridge remains dedicated to providing clear and concise information to support investor decision making.
Frequently Asked Questions
What is the current net asset value of the Fund?
The net asset value is approximately $51.15 per share, combining to a total of about $930.5 million in net assets.
How does the Fund manage its liabilities?
The Fund maintains total liabilities of around $61.6 million, which indicates careful management of debt relative to its assets.
What are the asset coverage ratios for the Fund?
The asset coverage ratio with respect to senior debt is 550%, while the total leverage ratio stands at 391%.
Who manages the ClearBridge Energy Midstream Opportunity Fund?
The Fund is advised by Franklin Templeton Fund Adviser, LLC, and subadvised by ClearBridge Investments, LLC, ensuring professional management of assets.
Where can I find the Fund’s financial reports?
Annual and semi-annual reports can be found on the SEC’s website, along with the complete schedule of portfolio holdings.
