Legg Mason Partners Fund Advisor, LLC Announces Distributions for the Month of August 2022
Legg Mason Partners Fund Advisor announced August 2022 distributions for closed-end funds including CEM, EMO, and CTR. Key dates are the record date of August 24, 2022, ex-dividend date of August 23, 2022, and payable date of August 31, 2022. The distributions are $0.6100 for CEM, $0.5100 for EMO, and $0.5300 for CTR, each reflecting a $0.0100 increase from previous distributions. According to Portfolio Manager Chris Eades, midstream industry fundamentals are improving, leading to accelerated free cash flow and expected higher dividend growth.
- Distributions increased by $0.0100 for all funds: CEM, EMO, and CTR.
- Portfolio manager indicates improving midstream industry fundamentals and expected higher dividend growth.
- None.
The following dates apply to the distribution schedule below:
Month |
Record Date |
Ex-Dividend Date |
Payable Date |
August |
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Ticker |
Fund |
Amount |
Change from Previous Distribution |
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CEM |
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EMO |
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CTR |
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“We believe midstream industry fundamentals continue to improve. Our analysis shows that free cash flow generation is accelerating and our portfolio companies are now expected to increase dividends and distributions at a higher growth rate than we anticipated entering 2022. Our announced distribution increases reflect increasing income into the funds.” -
The distributions may be treated as dividend income, return of capital or a combination thereof for tax purposes. This press release is not for tax reporting purposes. In early 2023, after definitive information is available, the Funds will send stockholders a Form 1099-DIV, if applicable, specifying how the distributions paid by the Funds during the prior calendar year should be characterized for purposes of reporting the distributions on a stockholder’s tax return (e.g., dividend income or return of capital).
For more information about the Funds, please call 1-888-777-0102 or consult the Funds’ website at www.franklintempleton.com/investments/options/closed-end-funds. Hard copies of the Funds’ complete audited financial statements are available free of charge upon request.
Data and commentary provided in this press release are for informational purposes only. Franklin Resources and its affiliates do not engage in selling shares of the Funds.
The Funds’ common shares are traded on the
This press release contains "forward-looking statements" as defined under the
INVESTMENT PRODUCTS: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
Category: Distribution Related
Source: Franklin Resources, Inc.
Source: Legg Mason Closed End Funds
View source version on businesswire.com: https://www.businesswire.com/news/home/20220802005563/en/
Investor:
Source: Franklin Resources, Inc. and Legg Mason Closed End Funds
FAQ
What are the August 2022 distribution amounts for CEM, EMO, and CTR?
What are the key dates for the August 2022 distributions?
Who announced the August 2022 distributions for CEM, EMO, and CTR?
How have the distributions for CEM, EMO, and CTR changed from previous distributions?