ClearBridge Energy Midstream Opportunity Fund Inc. Portfolio Composition as of December 31, 2018

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Jan 29, 2019 08:30 am
NEW YORK -- 

ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE:EMO) announces its portfolio composition as of December 31, 2018.

Investment Objective: The Fund seeks to provide long-term investors a high level of total return with an emphasis on cash distributions.

Investment Strategy: Under normal market conditions, the Fund seeks to achieve its objective by investing at least 80% of its managed assets in energy midstream entities including entities structured as both partnerships and corporations The Fund focuses on midstream entities with operations in crude oil, natural gas liquids and refined products infrastructure, though this may change over time, as the dynamic nature of the energy markets may create new and potentially attractive opportunities. For purposes of the Fund’s 80% policy, the Fund considers investments in midstream entities as those entities that provide midstream services including the gathering, transporting, processing, fractionation, storing, refining, and distribution of oil, natural gas liquids and natural gas.

     

Portfolio Composition:*

Diversified Energy Infrastructure 42.1%
Gathering/Processing 24.9%
Liquids Transportation & Storage 21.3%
Natural Gas Transportation & Storage 5.5%
Propane 2.1%
Refining 2.0%
Shipping 0.7%
Cash 1.3%
 
 

Top 10 Holdings

Enterprise Products Partners LP 8.7%
Energy Transfer Equity LP 6.6%
Genesis Energy LP 5.0%
Tallgrass Energy LP 4.8%
Enbridge Inc. 4.8%
Williams Partners LP 4.6%
Magellan Midstream Partners LP 4.5%
Oneok Partners LP MLP 4.5%
EnLink Midstream Partners LP 3.7%
Targa Resources Corp. 3.4%
 
 

Portfolio Statistics:

Inception Date June 10, 2011
Inception Price $20.00
Total Assets $989,335,765
Net Assets** $643,335,765

Loans***

5.15%

Fixed Rate Notes***

24.97%

Preferred Shares***

4.85%

Reverse Repos***

0.00%

 
Market Price: $7.81
NAV $8.97
 

(Daily NAV is available on market quotation systems using the symbol XEMOX.)

     

Distribution Rate

$ 0.3200 per share****

Frequency Quarterly

(declared quarterly, paid quarterly)
 

Note: Prior to November 19, 2018, the fund was known as EMO -ClearBridge Energy MLP Opportunity Fund Inc.

     
* Portfolio holdings and weightings are historical and are presented here for informational purposes only. They are subject to change at any time.
** The difference between total assets and net assets, if any, is due primarily to the Fund’s use of borrowings and other liabilities; net assets do not include borrowings. The Fund may employ leverage in the form of loans, preferred stock, reverse repurchase agreements and/or other instruments. When the Fund engages in transactions that have a leveraging effect on the Fund’s portfolio, the value of the Fund will be more volatile and all other risks will tend to be compounded.
*** Percentages are based on total assets.
**** The Fund declared the 1Q2019 distribution that will be paid on February 28, 2019 at a rate of $0.2300 per share.
 

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.

An investment in the Fund involves risk, including loss of principal. The Fund's concentration of investments in energy related MLPs subject it to the risks of investing in MLPs and the energy sector. Investment return and the value of shares will fluctuate. 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.

For more information, please call Fund Investor Services at 1-888-777-0102, or consult the Fund’s web site at http://www.lmcef.com. Hard copies of the Fund’s complete audited financial statements are available free of charge upon request.

FN1112155

Fund Investor Services
1-888-777-0102
http://www.lmcef.com

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