Welcome to our dedicated page for ClearBridge Energy Midstream Opportunity Fund news (Ticker: EMO), a resource for investors and traders seeking the latest updates and insights on ClearBridge Energy Midstream Opportunity Fund stock.
ClearBridge Energy Midstream Opportunity Fund Inc. reports recurring closed-end fund updates on net asset value, statements of assets and liabilities, asset coverage under the Investment Company Act of 1940, and leverage that includes senior notes, loans outstanding and mandatory redeemable preferred shares. The Fund is a non-diversified closed-end management investment company focused on energy midstream entities involved in services such as gathering, transportation, processing, storage and distribution of oil, natural gas liquids and natural gas.
News also covers stockholder meeting results, director elections, auditor ratification and capital actions such as rights offerings. The Fund is advised by Franklin Templeton Fund Adviser, LLC and subadvised by ClearBridge Investments, LLC.
ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO), ClearBridge MLP and Midstream Fund (NYSE: CEM), and ClearBridge MLP and Midstream Total Return Fund (NYSE: CTR) announced the results of stockholder votes at a special meeting on May 17, 2024.
Stockholders approved the merger of CEM and CTR into EMO. Upon completion, CEM and CTR shares will convert into full shares of EMO based on net asset value, with cash paid for fractional shares.
EMO will issue new Mandatory Redeemable Preferred Stock (MRPS) to CEM and CTR holders, aligning voting rights. The funds are managed by Franklin Templeton Fund Adviser, with ClearBridge Investments as subadvisor. This move consolidates management under EMO, potentially streamlining operations and reducing costs.
ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) released unaudited balance sheet information as of April 30, 2024, showing net assets of $557.2 million, net asset value per share at $43.57, and asset coverage ratios of 1,120% for senior indebtedness and 679% for total leverage.
Franklin Templeton Fund Adviser, announced distributions for May 2024 for closed end funds. Record Date: 5/23/2024, Ex-Dividend Date: 5/22/2024, Payable Date: 5/31/2024. Ticker Fund Name Amount: CEM ClearBridge MLP and Midstream Fund Inc. $0.7700, EMO ClearBridge Energy Midstream Opportunity Fund Inc. $0.6700, CTR ClearBridge MLP and Midstream Total Return Fund Inc. $0.7000. Distributions may be dividend income, return of capital, or a combination. Stockholders will receive Form 1099-DIV in early 2025 for tax reporting. Franklin Templeton Fund Adviser, is a subsidiary of Franklin Resources, Inc. Fund share price fluctuates with market conditions. Shares often trade at a discount. All investments carry risk.
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