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

Rhea-AI Summary

Legg Mason Partners Fund Advisor announced monthly distributions for certain closed-end funds for February 2022. Key details include:

• CEM: $0.4900, up $0.0100
• EMO: $0.3900, up $0.0100
• CTR: $0.4300, up $0.0100

The record date is February 18, 2022, with an ex-dividend date of February 17, 2022, and payment on February 28, 2022. The increased distributions align with each Fund's cash flows and may have tax implications for investors.

Positive

• Increased distribution rates for CEM, EMO, and CTR align better with cash flows.
• Each fund's distribution amount rose by $0.0100 from previous levels.

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 February 2022.

The following dates apply to the distribution schedule below:

Month	Record Date	Ex-Dividend Date	Payable Date
February	2/18/2022	2/17/2022	2/28/2022

Ticker	Fund Name	Amount	Change from Previous Distribution
CEM	ClearBridge MLP and Midstream Fund Inc.	$0.4900	$0.0100
EMO	ClearBridge Energy Midstream Opportunity Fund Inc.	$0.3900	$0.0100
CTR	ClearBridge MLP and Midstream Total Return Fund Inc.	$0.4300	$0.0100

The increased distribution rates better align with each Fund’s cash flows.

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.

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/20220125005607/en/

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

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

FAQ

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

CEM: $0.4900, EMO: $0.3900, CTR: $0.4300.

When is the record date for the February 2022 distributions?

The record date is February 18, 2022.

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

The ex-dividend date is February 17, 2022.

When will the distributions be payable?

The distributions will be payable on February 28, 2022.

How are the distributions characterized for tax purposes?

Distributions may be treated as dividend income, return of capital, or a combination.