Legg Mason Partners Fund Advisor, LLC Announces Distributions for the Month of February 2023

Rhea-AI Summary

Legg Mason Partners Fund Advisor, LLC announced the distribution declarations for certain closed-end funds for February 2023. 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 are: Record Date: 2/21/2023, Ex-Dividend Date: 2/17/2023, and Payable Date: 2/28/2023. Each fund will distribute $0.6300 (CEM), $0.5300 (EMO), and $0.5500 (CTR), each with a $0.0100 increase from their previous distributions. These distributions may have tax implications, and stockholders will receive Form 1099-DIV in early 2024 for tax reporting.

Positive

• CEM, EMO, and CTR increased distributions by $0.0100 each.
• Distributions reflect ongoing income for shareholders.

Negative

• Distributions may be treated as a return of capital, impacting long-term investor returns.

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 February 2023.

The following dates apply to the distribution schedule below:

Month	Record Date	Ex-Dividend Date	Payable Date
February	2/21/2023	2/17/2023	2/28/2023

Ticker	Fund Name	Amount	Change from Previous Distribution
CEM	ClearBridge MLP and Midstream Fund Inc.	$0.6300	$0.0100
EMO	ClearBridge Energy Midstream Opportunity Fund Inc.	$0.5300	$0.0100
CTR	ClearBridge MLP and Midstream Total Return Fund Inc.	$0.5500	$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 2024, 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/20230123005291/en/

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

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

FAQ

What are the February 2023 distribution amounts for CEM, EMO, and CTR?

For February 2023, CEM will distribute $0.6300, EMO $0.5300, and CTR $0.5500.

When are the record and ex-dividend dates for CEM, EMO, and CTR?

The record date is 2/21/2023, and the ex-dividend date is 2/17/2023 for all three funds.

When will the distributions for CEM, EMO, and CTR be payable?

The pay date for the distributions is set for 2/28/2023.

How will the distributions for CEM, EMO, and CTR be reported for tax purposes?

The funds will provide Form 1099-DIV in early 2024 detailing the tax treatment of distributions.