ClearBridge Energy Midstream Opportunity Fund Inc. Announces Unaudited Balance Sheet Information as of April 30, 2020
May 07 2020 - 1:46PM
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
April 30, 2020.
As of April 30, 2020, the Fund’s net assets were $212.7 million,
and its net asset value per share was $2.97. The Fund’s asset
coverage ratio under the Investment Company Act of 1940 (the “1940
Act”) with respect to senior indebtedness was 580% and the Fund’s
asset coverage ratio under the 1940 Act with respect to total
leverage was 321%.
As of April 30, 2020 Amount
(millions) Per Share
Investments
$ 276.7
$ 3.86
Cash and Cash Equivalents
26.6
0.37
Other Assets
7.0
0.10
Total Assets
$ 310.3
$ 4.33
Senior Notes*
$ 53.3
$ 0.74
Loans Outstanding*
-
-
Mandatory Redeemable Preferred Shares*
43.1
0.60
Total Leverage
$ 96.4
$ 1.34
Deferred Tax Liability
$ -
$ -
Other Liabilities
1.2
0.02
Total Liabilities
$ 1.2
$ 0.02
Net Assets
$ 212.7
$ 2.97
Outstanding Shares
71,713,987
* The Fund's asset coverage ratio under the 1940 Act with
respect to senior indebtedness was 580%. * The Fund's asset
coverage ratio under the 1940 Act with respect to total leverage
was 321%. Top Ten Equity Holdings (as of April 30, 2020)**
Market Value Name (millions) % of Investments *** MPLX LP
$ 24.8
9.0%
Energy Transfer LP
$ 20.5
7.4%
Enterprise Products Partners LP
$ 19.5
7.0%
Magellan Midstream Partners LP
$ 19.3
7.0%
Western Midstream Partners LP
$ 12.5
4.5%
BP Midstream Partners LP
$ 12.3
4.4%
Plains GP Holdings LP
$ 12.2
4.4%
Cheniere Energy Partners LP
$ 12.0
4.3%
Williams Cos. Inc.
$ 11.6
4.2%
Targa Resources Corp.
$ 11.1
4.0%
$ 155.8
56.2%
** Subject to change at any time *** Percent of Total Equity
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. These reports are available on the SEC’s website at
www.sec.gov. To obtain information on Form N-PORT 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200507005866/en/
Investor: Fund Investor Services
1-888-777-0102
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