ClearBridge Energy MLP Opportunity Fund Inc. Announces Unaudited Balance Sheet Information as of June 30,
2016
ClearBridge Energy MLP 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 June 30, 2016.
As of June 30, 2016, the Fund’s net assets were $436.8 million, and its net asset value per share was $14.00. The Fund’s asset
coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 474% and the
Fund’s asset coverage ratio under the 1940 Act with respect to total leverage was 399%.
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As of June 30, 2016 |
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Amount (millions) |
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Per Share |
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Investments |
|
$ |
615.3 |
|
$ |
19.72 |
Cash and Cash Equivalents |
|
|
3.1 |
|
|
0.10 |
Other Assets |
|
|
1.3 |
|
|
0.04 |
Total Assets |
|
$ |
619.7 |
|
$ |
19.86 |
|
|
|
|
|
Senior Notes* |
|
$ |
123.0 |
|
$ |
3.94 |
Mandatory Redeemable Preferred Shares* |
|
|
23.0 |
|
|
0.74 |
Total Leverage |
|
$ |
146.0 |
|
$ |
4.68 |
|
|
|
|
|
Deferred Tax Liability |
|
$ |
34.2 |
|
$ |
1.09 |
Other Liabilities |
|
|
2.7 |
|
|
0.09 |
Total Liabilities |
|
$ |
36.9 |
|
$ |
1.18 |
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|
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Net Assets |
|
$ |
436.8 |
|
$ |
14.00 |
|
|
|
|
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Outstanding Shares |
|
|
31,196,056 |
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* The Fund's asset coverage ratio under the 1940 Act with respect to
senior indebtedness was 474%. |
* The Fund's asset coverage ratio under the 1940 Act with respect to
total leverage was 399%. |
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Top Ten Holdings (as of June 30, 2016)** |
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Market Value |
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|
Name |
|
(millions) |
|
% of Investments |
Enterprise Products Partners LP |
|
$ |
55.0 |
|
|
8.9% |
Energy Transfer Partners LP |
|
|
42.4 |
|
|
6.9% |
Magellan Midstream Partners LP |
|
|
37.7 |
|
|
6.1% |
Buckeye Partners LP |
|
|
36.9 |
|
|
5.9% |
Enbridge Energy Partners LP |
|
|
33.8 |
|
|
5.5% |
Targa Resources Corp |
|
|
31.7 |
|
|
5.1% |
Genesis Energy LP |
|
|
28.7 |
|
|
4.7% |
Oneok Partners LP |
|
|
27.5 |
|
|
4.4% |
Williams Partners LP |
|
|
27.4 |
|
|
4.4% |
MPLX LP |
|
|
26.4 |
|
|
4.3% |
|
|
$ |
347.5 |
|
|
56.2% |
|
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|
|
|
**Subject to change at any time |
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***Percent of Total Investments |
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ClearBridge Energy MLP 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. (“Legg Mason”).
This financial data is unaudited.
The Fund files its semi-annual and annual reports with the Securities and Exchange Commission, as well as
its complete schedule of portfolio holdings for the first and third quarters of each fiscal year on Form N-Q. These reports are available on the Commission’s website at www.sec.gov. To obtain information on Form N-Q or a
semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.
For more information about the Fund, please call 1-888-777-0102 or consult the Fund’s website at www.lmcef.com. Hard copies of the Fund’s complete audited financial statements are available free of charge upon
request.
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 ClearBridge Energy MLP Opportunity Fund Inc.
Maria Rosati, 212-805-6036
mrosati@leggmason.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20160708005070/en/