ClearBridge Energy MLP Opportunity Fund Inc. Announces Unaudited Balance Sheet Information as of June 30, 2016

NEW YORK--()--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%.

  As of June 30, 2016
 
Amount (millions) Per Share
 
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
   
Net Assets $ 436.8 $ 14.00
 
Outstanding Shares 31,196,056
 
* 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%.
 
Top Ten Holdings (as of June 30, 2016)**
Market Value
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%
 
**Subject to change at any time
***Percent of Total Investments
 

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.

Contacts

For ClearBridge Energy MLP Opportunity Fund Inc.
Maria Rosati, 212-805-6036
mrosati@leggmason.com

Contacts

For ClearBridge Energy MLP Opportunity Fund Inc.
Maria Rosati, 212-805-6036
mrosati@leggmason.com