ClearBridge Energy Midstream Opportunity Fund Inc. (the “Fund”) (NYSE: EMO) announced today the pricing of $60,000,010 of fixed-rate Mandatory Redeemable Preferred Stock (“MRPS”) by private placement. The MRPS issuance will be funded in the fourth quarter of 2026. Net proceeds from the offering will be used to refinance existing leverage and make new portfolio investments.

The table below summarizes the key terms of the MRPS offering.

Security

Aggregate

Amount

Rate

Liquidation

Preference

Term Redemption

Date

Series S

$19,999,980

6.27%

$35

November 12, 2031

Series T

$20,000,015

6.43%

$35

November 9, 2033

Series U

$20,000,015

6.15%

$35

December 12, 2029

The Fund is a non-diversified closed-end investment management company advised by Franklin Templeton Fund Adviser, LLC (“FTFA”) and sub-advised by ClearBridge Investments, LLC (“ClearBridge”). FTFA and ClearBridge are both indirect wholly-owned subsidiaries of Franklin Templeton, Inc.

For more information about the Fund, please call Fund Investor Services: 1-888-777-0102, or consult the Fund’s website at www.franklintempleton.com/investments/options/closed-end-funds. The information contained on the Fund’s website is not part of this press release. Hard copies of the Fund’s complete audited financial statements are available free of charge upon request.

The Fund’s shares are traded on the New York Stock Exchange. Similar to stocks, Fund share prices will fluctuate with market conditions and, at the time of sale, may be worth more or less than the original investment. Shares of closed-end funds often trade at a discount to their net asset value and can increase an investor’s risk of loss. All investments are subject to risk, including the risk of loss.

This press release contains “forward-looking statements” as defined under the U.S. federal securities laws. Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “will,” and similar expressions identify forward looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual future results to differ significantly from the Fund’s present expectations or projections indicated in any forward-looking statements. These risks include, but are not limited to, changes in economic and political conditions; regulatory and legal changes; leverage risk; valuation risk; interest rate risk; tax risk; the continuation of investment advisory, administration and other service arrangements; and other risks discussed in the Fund’s filings with the Securities and Exchange Commission. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Fund undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Fund’s investment objectives will be attained.

About Franklin Templeton

Franklin Templeton, Inc. is a global investment management organization with subsidiaries operating as Franklin Templeton.

Category: Fund Announcement

Source: Franklin Templeton, Inc.

Source: Legg Mason Closed End Funds

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