ClearBridge Energy Midstream Opportunity Fund Inc
EMO · NYSE
Company research
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) is a non-diversified, closed-end management investment company founded on April 5, 2011, and headquartered in New York, NY, with total common assets of approximately $1.1 billion. The Fund is managed by Franklin Templeton Fund Adviser, LLC and subadvised by ClearBridge Investments, LLC, both indirect wholly-owned subsidiaries of Franklin Resources, Inc., operating globally as Franklin Templeton. The Fund's primary investment objective is to provide long-term investors a high level of total return with an emphasis on cash distributions, achieved by investing at least 80% of its managed assets in energy midstream entities — including Master Limited Partnerships (MLPs) and corporations — involved in the gathering, transportation, processing, storage, and distribution of crude oil, natural gas liquids, and natural gas. EMO pays a monthly distribution with an annual dividend yield of approximately 9.9%, and its top holdings include leading midstream operators such as Targa Resources, Energy Transfer LP, MPLX LP, and Williams Companies.