ClearBridge Energy Midstream Opportunity Fund Inc. Announces Unaudited Balance Sheet Information as of September 30, 2020
October 07 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
September 30, 2020.
As of September 30, 2020, the Fund’s net assets were $169.2
million, and its net asset value per share was $12.07. The Fund’s
asset coverage ratio under the Investment Company Act of 1940 (the
“1940 Act”) with respect to senior indebtedness was 498% and the
Fund’s asset coverage ratio under the 1940 Act with respect to
total leverage was 276%.
As of September 30, 2020 Amount (millions) Per
Share Investments
$ 260.4
$ 18.58
Cash and Cash Equivalents
12.0
0.85
Other Assets
0.7
0.05
Total Assets
$ 273.1
$ 19.48
Senior Notes*
$ 53.3
$ 3.80
Loans Outstanding*
-
-
Mandatory Redeemable Preferred Shares*
43.1
3.07
Total Leverage
$ 96.4
$ 6.87
Income Tax Payable
$ 6.0
$ 0.43
Deferred Tax Liability
-
-
Other Liabilities
1.5
0.11
Total Liabilities
$ 7.5
$ 0.54
Net Assets
$ 169.2
$ 12.07
Outstanding Shares
14,017,950
* The Fund's asset coverage ratio under the 1940 Act with
respect to senior indebtedness was 498%. * The Fund's asset
coverage ratio under the 1940 Act with respect to total leverage
was 276%. Top Ten Equity Holdings (as of September 30,
2020)** Market Value Name (millions) % of Investments *** MPLX LP
$ 21.6
8.3%
Enterprise Products Partners LP
$ 19.8
7.6%
Magellan Midstream Partners LP
$ 16.0
6.1%
Energy Transfer LP
$ 13.2
5.1%
Williams Cos. Inc.
$ 13.2
5.1%
Targa Resources Corp.
$ 12.0
4.6%
Cheniere Energy Partners LP
$ 11.9
4.6%
Western Midstream Partners LP
$ 11.5
4.4%
BP Midstream Partners LP
$ 10.6
4.1%
Enbridge Inc.
$ 10.5
4.0%
$ 140.3
53.9%
** Subject to change at any time *** Percent of Total Equity
Investments
During the month ended September 30, 2020, the Fund repurchased
in the open market and retired 203,142 of its common shares under
the stock repurchase plan for a total amount of $2,016,793.
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 Franklin
Resources, Inc. (“Franklin Resources”).
On July 31, 2020, Franklin Resources acquired Legg Mason, Inc.
(“Legg Mason”) in an all-cash transaction. As a result of the
transaction, LMPFA and ClearBridge, previously wholly-owned
subsidiaries of Legg Mason, became wholly-owned subsidiaries of
Franklin Resources.
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. Franklin Resources and its affiliates
do not engage in selling shares of the Fund.
Category: Financials
Source: Franklin Resources, Inc.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201007005505/en/
Investor Contact: Fund Investor Services
1-888-777-0102
ClearBridge Energy Midst... (NYSE:EMO)
Historical Stock Chart
From Jun 2024 to Jul 2024
ClearBridge Energy Midst... (NYSE:EMO)
Historical Stock Chart
From Jul 2023 to Jul 2024