EMO News and Press, ClearBridge Energy Midstream Opportunity Fund Inc. From 04/14/23

2023-04-14 01:20:00 ET Summary ClearBridge is a leading global asset manager committed to active management. Research-based stock selection guides our investment approach, with our strategies reflecting the highest-conviction ideas of our portfolio managers. Growth stocks —...

2023-04-11 14:57:00 ET Summary Distribution coverage measures the affordability of an MLP’s distribution by comparing distributable cash flow (DCF) to the MLP’s total payout. The focus on distribution coverage has diminished somewhat as other factors have allowed for...

ISS, a Leading Independent Proxy Advisory Firm, Supports the Election of Saba Capital’s Nominee Paul Kazarian to ClearBridge’s Board Cites ClearBridge’s Underperformance and “Corporate Governance Abuses” Concludes the Board Intended to “Di...

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 March 31, 2023. As of March 31, 2023, the Fund’s net assets were $421.3 million, and its net ...

2023-04-05 08:00:00 ET Summary One of the primary attractions of MLP investments is the potential for tax-deferred income. Whether you invest in an MLP directly or invest in an ETF that predominately owns MLPs, a good portion of the distribution you receive is likely to be a tax-d...

2023-04-03 21:47:49 ET Summary ClearBridge Energy Midstream Opportunity Fund Inc. is an MLP equity closed end fund. The CEF is currently trading with a -14% discount to NAV. Saba Capital, an activist fund, has a large stake in EMO. We have seen Saba successfully close the ...

2023-04-01 08:00:00 ET Summary MLPs demonstrated their resiliency during March, a month characterized by increased volatility in markets. As the month comes to a close, oil is off around 3% while natural gas prices have fallen roughly 23%. The generous income offered by midstr...

2023-03-22 08:00:00 ET Summary Concerns for the global economy and risk-off sentiment related to bank troubles sent oil prices and energy stocks lower last week. In a tough start to the year for energy, MLPs and midstream stand out for their resilience, supported by attractive div...

2023-03-08 08:00:00 ET Summary Ten energy infrastructure companies collectively spent over $1.4 billion on buybacks in 4Q22, bringing the total buyback spend for the year to approximately $4.5 billion. Over 76% of constituents in the Alerian Midstream Energy Index by weighting cur...

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 February 28, 2023. As of February 28, 2023, the Fund’s net assets were $431.8 million, and it...