ClearBridge Energy Midstream Opportunity Fund Inc. Portfolio Composition as of December 31, 2018
NEW YORK--(BUSINESS WIRE)--Jan 29, 2019--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.
(Daily NAV is available on market quotation systems using the symbol XEMOX.)
Note: Prior to November 19, 2018, the fund was known as EMO -ClearBridge Energy MLP Opportunity Fund Inc.
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.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190129005302/en/
CONTACT: Fund Investor Services
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: ClearBridge Energy Midstream Opportunity Fund Inc.
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PUB: 01/29/2019 08:30 AM/DISC: 01/29/2019 08:30 AM