Legg Mason Partners Fund Advisor, LLC Announces Distributions for the Month of November 2020
Legg Mason Partners Fund Advisor announced the distribution declarations for certain closed-end funds for November 2020. The ClearBridge MLP and Midstream Fund (CEM) will distribute $0.475 per share, with a record date of November 20, 2020, and an ex-dividend date of November 19, 2020. The payments are scheduled for November 30, 2020. Other funds include ClearBridge Energy Midstream Opportunity Fund (EMO) at $0.325 and ClearBridge MLP and Midstream Total Return Fund (CTR) at $0.400. Distributions may affect tax reporting, with Forms 1099-DIV sent in early 2021.
- The ClearBridge MLP and Midstream Fund (CEM) maintained its distribution at $0.475 per share, which may indicate stable income for investors.
- The distribution schedule is well-defined, providing clarity for investors in planning their investments.
- 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 2020.
The following dates apply to the distribution schedule below:
Month |
Record Date |
Ex-Dividend Date |
Payable Date |
November |
11/20/2020 |
11/19/2020 |
11/30/2020 |
Ticker |
Fund Name |
Amount |
Change from Previous Distribution |
|
CEM |
ClearBridge MLP and Midstream Fund Inc. |
|
- |
|
EMO |
ClearBridge Energy Midstream Opportunity Fund Inc. |
|
- |
|
CTR |
ClearBridge MLP and Midstream Total Return Fund Inc. |
|
- |
|
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 2021, 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).
On July 31, 2020, Franklin Resources, Inc. (“Franklin Resources”) acquired Legg Mason, Inc. (“Legg Mason”) in an all-cash transaction. As a result of the transaction, Legg Mason Partners Fund Advisor, LLC, previously a wholly owned-subsidiary of Legg Mason, became a wholly owned subsidiary of Franklin Resources.
For more information about the Funds, please call 1-888-777-0102 or consult the Funds’ website at www.lmcef.com. 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.
Category: Distribution Related
Source: Franklin Templeton
