ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

ClearBridge Energy Midstream Opportunity Fund Inc. Announces Voting Results of 2023 Annual Meeting of Stockholders

ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) (the “Fund”) today announced that, based on preliminary voting results from the Fund’s 2023 Annual Meeting of Stockholders (the “Annual Meeting”), holders of shares of the Fund’s preferred stock voted to re-elect the Fund’s nominee and existing director, Eileen A. Kamerick.

The Fund also announced that neither director candidate nominated for election by holders of shares of the Fund’s common and preferred stock, voting together as a single class, received the majority of votes entitled to be cast. As a result, the Fund’s incumbent director nominee, Robert D. Agdern, will continue to serve on the Fund’s Board of Directors (the “Board”).

The Fund issued the following statement:

The ClearBridge Energy Midstream Opportunity Fund Inc.’s Board and management team thank our stockholders for their participation in this process. The Board is committed to acting in the best interests of all stockholders and advancing the Fund’s investment objective to deliver high total returns with an emphasis on cash distributions. We will continue to take decisive action to build on our strong track record of enhancing stockholder value.

The preliminary results also confirm that stockholders have voted to ratify the selection of PricewaterhouseCoopers LLP as independent registered public accountants of the Fund for the fiscal year ending November 30, 2023.

The final voting results certified by First Coast Results Inc., the independent Inspector of Election, will be disclosed in the Fund’s next stockholder report filed with the U.S. Securities and Exchange Commission.

ClearBridge Energy Midstream 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 indirect, wholly-owned subsidiaries of Franklin Resources, Inc. (“Franklin Resources”).

The Fund files its semi-annual and annual reports with the Securities and Exchange Commission (“SEC”), as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. These reports are available on the SEC’s website at www.sec.gov. To obtain information on Form N-PORT or a semi-annual or annual report from the Fund, stockholders 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.franklintempleton.com/investments/options/closed-end-funds. 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. Franklin Resources and its affiliates do not engage in selling shares of the Fund.

Contacts

Investor Contact:

Fund Investor Services 1-888-777-0102



Media Contact:

Joele Frank, Wilkinson Brimmer Katcher

Dan Katcher / Mahmoud Siddig / Lucas Pers

212-355-4449

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.