EMO News and Press, ClearBridge Energy Midstream Opportunity Fund Inc. From 06/07/22

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 May 31, 2022. As of May 31, 2022, the Fund’s net assets were $474.4 million, and it...

Several companies across the energy infrastructure landscape were active with their repurchase programs in 1Q22, albeit at mostly modest amounts. Energy infrastructure companies repurchased $370 million of their equity in aggregate during the first quarter of 2022. Combining the l...

For the energy sector, several years of underperformance over the last decade left many investors on the sidelines. In a survey of financial advisors in December 2021, more than half of the respondents were underweight energy. Investors that have been underweight energy may be looking...

Average coupon or interest rate earned on investments of GBAB is 5.46 percent while it pays dividend with an average yield in excess of 7 percent. Historical price performance of GBAB has been extremely poor, both in the short and the long term. GBAB is currently trading near its ...

Inflationary pressures remain entrenched and benchmark Treasury yields are marching ever northward. Push-and-pull in equity markets are re-defining volatility in a new normal environment. Senior loan / floating rate "loan participation" baskets provide opportunities for increased ...

Midstream dividend trends remained positive for 1Q22 with no cuts across Alerian’s midstream indexes for the third straight quarter and several examples of growth, including a handful of names raising their quarterly payouts by double-digit percentages. On a year-over-year basi...

Midstream MLPs, as measured by the Solactive MLP Infrastructure Index, increased 0.29% last month. The Enterprise Value to EBITDA ratio (EV-to-EBITDA), which seeks to provide more color on the valuations of MLPs, decreased by 1.11% last month. The Baker Hughes Rig Count increased ...

The following Funds announced today their share repurchase activity during the first quarter of 2022. Share Repurchases seek to enhance shareholder value by purchasing the Fund’s common stock when trading at a discount to the Fund’s net asset value (“NAV”...

Macro tailwinds from higher commodity prices and solid operational execution contributed to a strong 1Q22 earnings season for energy infrastructure companies. Many names raised their financial guidance for 2022 or indicated that they see results trending above their forecasts, thanks ...

Discounts have been widening in the CEF space as volatility has been kicking up. The widening discounts have been creating more opportunities, but headwinds exist. We screen for several different metrics that bring up funds worth exploring further. For further details see: ...