ClearBridge Energy Midstream Opportunity Fund Inc. Portfolio Composition as of March 31, 2019

NEW YORK–(BUSINESS WIRE)–ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) announces
its portfolio composition as of March 31, 2019.

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

46.6%

Liquids Transportation & Storage

24.2%

Gathering/Processing

19.8%

Natural Gas Transportation & Storage

5.2%

Propane

2.1%

Refining

1.9%

Cash

0.2%

 

Top 10 Holdings

Enterprise Products Partners LP 8.7%
Energy Transfer Equity LP 7.1%
Genesis Energy LP 5.3%
Williams Partners LP 5.1%
Oneok Partners LP MLP 4.9%
Enbridge Inc. 4.7%
Kinder Morgan, Inc. 4.4%
EnLink Midstream Partners LP 4.2%
Tallgrass Energy LP 4.1%
Magellan Midstream Partners LP 4.0%
 
 

Portfolio Statistics:

Inception Date

June 10, 2011

Inception Price

$20.00

Total Assets

$1,160,017,498

Net Assets**

$788,017,498

Loans***

8.43%

Fixed Rate Notes***

21.29%

Preferred Shares***

5.26%

Reverse Repos***

0.00%
 

Market Price:

$9.61

NAV

$10.99

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

Distribution Rate

$ 0.2300 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

Contacts

Fund Investor Services
1-888-777-0102

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