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ClearBridge Energy Midstream Opportunity Fund Inc. Announces the Pricing of Mandatory Redeemable Preferred Stock

EMO
  • ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) priced $60,000,010 of fixed-rate Mandatory Redeemable Preferred Stock via private placement.
  • The MRPS issuance will be funded in the fourth quarter of 2026, with net proceeds used to refinance existing leverage & make new portfolio investments.
  • Series S MRPS carries a 6.27% rate, $35 liquidation preference, & a November 12, 2031 redemption date for $19,999,980.
  • Series T MRPS carries a 6.43% rate, $35 liquidation preference, & a November 9, 2033 redemption date for $20,000,015.
  • Series U MRPS carries a 6.15% rate, $35 liquidation preference, & a December 12, 2029 redemption date for $20,000,015.
  • The Fund is advised by Franklin Templeton Fund Adviser, LLC & sub-advised by ClearBridge Investments, LLC, both indirect wholly-owned subsidiaries of Franklin Templeton, Inc.
  • Shares trade on the New York Stock Exchange & may fluctuate in value, often trading at a discount to net asset value.
  • Forward-looking statements in the release are subject to risks including economic, regulatory, leverage, valuation, interest rate, & tax risks.