Legg Mason Partners Fund Advisor, LLC Announces Distributions for the Month of November 2022

Rhea-AI Summary

Legg Mason Partners Fund Advisor announced the distribution details for certain closed-end funds for November 2022. The funds include ClearBridge MLP and Midstream Fund Inc. (CEM), ClearBridge Energy Midstream Opportunity Fund Inc. (EMO), and ClearBridge MLP and Midstream Total Return Fund Inc. (CTR). Key dates include the record date on November 22, 2022, ex-dividend date on November 21, 2022, and payable date on November 30, 2022. Each fund will distribute $0.6200 (CEM), $0.5200 (EMO), and $0.5400 (CTR) per share, marking a $0.0100 increase from previous distributions. Tax reporting details will follow in early 2023.

Positive

• CEM, EMO, and CTR are increasing their distributions by $0.0100, reflecting improved shareholder returns.
• The distributions are scheduled for the end of November 2022, providing timely returns for investors.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared their distributions for the month of November 2022.

The following dates apply to the distribution schedule below:

Month		Record Date		Ex-Dividend Date		Payable Date
November		11/22/2022		11/21/2022		11/30/2022

Ticker		Fund Name		Amount		Change from Previous Distribution
CEM		ClearBridge MLP and Midstream Fund Inc.		$0.6200		$0.0100
EMO		ClearBridge Energy Midstream Opportunity Fund Inc.		$0.5200		$0.0100
CTR		ClearBridge MLP and Midstream Total Return Fund Inc.		$0.5400		$0.0100

The distributions may be treated as dividend income, return of capital or a combination thereof for tax purposes. This press release is not for tax reporting purposes. In early 2023, after definitive information is available, the Funds will send stockholders a Form 1099-DIV, if applicable, specifying how the distributions paid by the Funds during the prior calendar year should be characterized for purposes of reporting the distributions on a stockholder’s tax return (e.g., dividend income or return of capital).

Legg Mason Partners Fund Advisor, LLC is an indirect, wholly-owned subsidiary of Franklin Resources, Inc. (“Franklin Resources”).

For more information about the Funds, please call 1-888-777-0102 or consult the Funds’ website at www.franklintempleton.com/investments/options/closed-end-funds. Hard copies of the Funds’ 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 Funds.

The Funds’ common shares are traded on the New York Stock Exchange. Similar to stocks, Fund share price 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.

INVESTMENT PRODUCTS: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

Category: Distribution Related

Source: Franklin Resources, Inc.

Source: Legg Mason Closed End Funds

View source version on businesswire.com: https://www.businesswire.com/news/home/20221110005532/en/

Investor Contact: Fund Investor Services 1-888-777-0102

Source: Franklin Resources, Inc. and Legg Mason Closed End Funds

FAQ

What are the distribution amounts for CEM, EMO, and CTR in November 2022?

CEM will distribute $0.6200, EMO $0.5200, and CTR $0.5400 per share.

When are the record and payable dates for the November 2022 distributions for CEM, EMO, and CTR?

The record date is November 22, 2022, and the payable date is November 30, 2022.

How much did the distributions increase from the previous amounts for CEM, EMO, and CTR?

The distributions increased by $0.0100 for each fund compared to the previous amounts.

What is the ex-dividend date for the distributions for CEM, EMO, and CTR?

The ex-dividend date is November 21, 2022.