ClearBridge Energy Midstream Opportunity SEC Filings

ClearBridge Energy Midstream Opportunity Fund Inc. filed Post-Effective Amendment No. 2 to its Form N-2 registration statement under the 1933 and 1940 Acts. The filing, made under Rule 462(d), is solely to add or update exhibits and becomes effective immediately upon filing.

The amendment leaves all other parts of the registration statement unchanged and incorporates the existing contents by reference. It also lists estimated offering issuance and distribution expenses totaling $406,740, including a SEC registration fee of $61,240, a FINRA fee of $60,500, accounting fees of $10,000, and legal fees of $275,000.

ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) is launching an at-the-market offering of up to $323,174,473 of common stock through Franklin Distributors, with UBS Securities LLC as sub-placement agent. Shares will be sold on the NYSE or in negotiated deals at prices at or above net asset value plus commissions.

The Fund will pay a 1.00% commission on gross proceeds, out of which the Distributor may pay the sub-placement agent up to 0.80%. Assuming all shares are sold at $46.61, estimated net proceeds are about $319.8 million, to be invested within roughly three months in energy midstream investments consistent with the Fund’s objective of high total return with an emphasis on cash distributions.

As of November 30, 2025, the Fund reported $978.4 million in net assets, with mandatory redeemable preferred stock of $68.2 million and outstanding leverage via notes and a credit facility. EMO’s shares have recently traded at discounts to net asset value, and the Fund has a history of regular monthly cash distributions.

ClearBridge Energy Midstream Opportunity Fund Inc. reports a twelve-month total return of -4.83% based on net asset value and -1.28% based on its New York Stock Exchange market price for the period ended November 30, 2025, while the Alerian MLP Index gained 3.55%.

The Fund, which invests primarily in energy midstream entities, maintained its focus on fee-based infrastructure businesses with long-term contracts and limited direct commodity price exposure. It paid total distributions of $4.23 per share during the year, of which $3.42 is expected to be treated as return of capital for tax purposes, and ended the period with net assets applicable to common shareholders of about $978.4 million and a net asset value of $48.88 per share.

ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) reported a new insider filing for Brian Eakes, who is identified as a Manager/Investment Manager of the fund. The filing is a Form 3, which is an initial statement of beneficial ownership, with an event date of 01/01/2026.

In this filing, the reporting person states in the remarks that no securities are beneficially owned. Both the non-derivative and derivative securities tables are effectively empty, indicating that, as of the reported date, the insider does not hold EMO securities in either direct or indirect form.

Morgan Stanley filed an amended Schedule 13G reporting beneficial ownership of 1,535,805 shares of ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) common stock, representing 8.3% of the class as of the event date 09/30/2025.

For Morgan Stanley, the filing lists 0 sole voting and dispositive power, 832 shared voting power, and 1,535,721 shared dispositive power. Morgan Stanley Smith Barney LLC is also a reporting person with 1,534,891 shares beneficially owned, equal to 8.3%, with 0 sole voting and dispositive power, 3 shared voting power, and 1,534,891 shared dispositive power.

The certification states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.

ClearBridge Energy Midstream Opportunity Fund (EMO)October 15, 2025, at 100% of aggregate principal plus accrued and unpaid interest. The reporting persons indicated indirect holdings through subsidiaries and updated beneficial ownership positions accordingly.

Context from the filing lists other EMO securities held indirectly, including Series J and Series P Mandatory Redeemable Preferred Stock, as well as Senior Secured Notes: 3.56% Series N with $1,492,293.86 principal and 3.76% Series O with $2,051,904.07 principal.

ClearBridge Energy Midstream Opportunity Fund (EMO) disclosed a director purchase on 10/13/2025. Robert D. Agdern acquired 385 common shares at $42.11, bringing his direct beneficial ownership to 1,538 shares.

The filing states the shares were purchased pursuant to the Fund’s Rights Offering, under which one transferable Right was issued for each share held and three Rights plus the Subscription Price were required to purchase one share. The holdings figure also includes shares acquired from the merger of ClearBridge MLP and Midstream Total Return Fund Inc. into EMO.

ClearBridge Energy Midstream Opportunity Fund Inc. filed Post-Effective Amendment No. 1 to its Form N-2 registration statement under Rule 462(d) solely to add and update exhibits. The amendment leaves all other parts of the prior registration statement unchanged and becomes effective immediately upon filing.

The filing lists updated financial statement references for the year ended November 30, 2024 and a detailed exhibit index, including charter documents, advisory and service agreements, and fee waiver and financing agreements. It also discloses estimated offering-related expenses totaling $406,740 and notes that there were 19 record holders of common stock as of June 30, 2025.