ClearBridge Energy Midstream Opportunity Fund Inc. Announces Unaudited Balance Sheet Information as of February 29, 2020
March 09 2020 - 8:00AM
Business Wire
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO)
announced today the unaudited statement of assets and liabilities,
the net asset value and asset coverage ratio of the Fund as of
February 29, 2020.
As of February 29, 2020, the Fund’s net assets were $500.2
million, and its net asset value per share was $6.97. The Fund’s
asset coverage ratio under the Investment Company Act of 1940 (the
“1940 Act”) with respect to senior indebtedness was 307% and the
Fund’s asset coverage ratio under the 1940 Act with respect to
total leverage was 260%.
As of February 29, 2020 Amount
(millions) Per Share
Investments
$
790.5
$
11.02
Cash and Cash Equivalents
2.3
0.03
Other Assets
23.4
0.33
Total Assets
$
816.2
$
11.38
Senior Notes*
$
219.6
$
3.06
Loans Outstanding*
45.0
0.63
Mandatory Redeemable Preferred Shares*
48.0
0.67
Total Leverage
$
312.6
$
4.36
Deferred Tax Liability
$
-
$
-
Other Liabilities
3.4
0.05
Total Liabilities
$
3.4
$
0.05
Net Assets
$
500.2
$
6.97
Outstanding Shares
71,713,987
* The Fund's asset coverage ratio under the 1940 Act with
respect to senior indebtedness was 307%. * The Fund's asset
coverage ratio under the 1940 Act with respect to total leverage
was 260%. Top Ten Holdings (as of February 29, 2020)**
Market Value Name (millions) % of Investments *** Energy Transfer
LP
$
74.8
9.4
%
Enterprise Products Partners LP
$
66.7
8.4
%
MPLX LP
$
45.0
5.7
%
Magellan Midstream Partners LP
$
42.3
5.3
%
Targa Resources Corp.
$
41.6
5.3
%
Enbridge Inc.
$
38.5
4.9
%
ONEOK Inc.
$
31.4
4.0
%
Williams Cos. Inc.
$
30.1
3.8
%
TC Pipelines LP
$
28.7
3.6
%
Kinder Morgan Inc.
$
27.6
3.5
%
$
426.7
53.9
%
** Subject to change at any time *** Percent of Total
Investments
ClearBridge Energy Midstream Opportunity Fund Inc. is a
non-diversified, closed-end management investment company which is
advised by Legg Mason Partners Fund Advisor, LLC (“LMPFA”) and
subadvised by ClearBridge Investments, LLC (“ClearBridge”). LMPFA
and ClearBridge are wholly owned subsidiaries of Legg Mason, Inc.
(“Legg Mason”).
This financial data is unaudited.
The Fund files its semi-annual and annual
reports with the Securities and Exchange Commission (“SEC”), as
well as its complete schedule of portfolio holdings for the first
and third quarters of each fiscal year as an exhibit to its reports
on Form N-PORT. Previously, the Fund filed a complete schedule of
portfolio holdings with the SEC for the first and third quarters of
each fiscal year on Form N-Q. These reports are available on the
SEC’s website at www.sec.gov. To
obtain information on Forms N-PORT and N-Q or a semi-annual or
annual report from the Fund, shareholders can call
1-888-777-0102.
For more information about the Fund, please call 1-888-777-0102
or consult the Fund’s website at www.lmcef.com. Hard copies of the
Fund’s complete audited financial statements are available free of
charge upon request.
Data and commentary provided in this press release are for
informational purposes only. Legg Mason and its affiliates do not
engage in selling shares of the Fund.
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version on businesswire.com: https://www.businesswire.com/news/home/20200309005427/en/
Investor: Fund Investor Services 1-888-777-0102
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