Legg Mason Partners Fund Advisor, LLC Announces Distributions for the Month of May 2021

Rhea-AI Summary

Legg Mason Partners Fund Advisor announced May 2021 distributions for three closed-end funds: CEM, EMO, and CTR. The record date is set for May 21, 2021, while the ex-dividend date is May 20, 2021, with payments scheduled for May 28, 2021. CEM will distribute $0.4800, EMO will distribute $0.3800, and CTR will distribute $0.4200, reflecting increases of $0.0050, $0.0550, and $0.0200 respectively. The increased rates are aligned with the funds' cash flows. Distributions may be classified as dividend income or return of capital for tax.

Positive

• Increased distribution rates align with funds' cash flows.
• CEM, EMO, and CTR show positive adjustments in distribution amounts.

Negative

• None.

Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared their distributions for the month of May 2021.

The following dates apply to the distribution schedule below:

Month		Record Date		Ex-Dividend Date		Payable Date
May		5/21/2021		5/20/2021		5/28/2021

Ticker		Fund Name		Amount		Change from Previous Distribution
CEM		ClearBridge MLP and Midstream Fund Inc.		$0.4800		$0.0050
EMO		ClearBridge Energy Midstream Opportunity Fund Inc.		$0.3800		$0.0550
CTR		ClearBridge MLP and Midstream Total Return Fund Inc.		$0.4200		$0.0200

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 2022, 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.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 Resources, Inc.

Source: Legg Mason Closed End Funds

View source version on businesswire.com: https://www.businesswire.com/news/home/20210504005603/en/

FAQ

What are the May 2021 distribution amounts for CTR, EMO, and CEM?

The distribution amounts are $0.4200 for CTR, $0.3800 for EMO, and $0.4800 for CEM.

When is the ex-dividend date for the May 2021 distributions?

The ex-dividend date is May 20, 2021.

What is the record date for the May 2021 distributions?

The record date is May 21, 2021.

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

The distributions will be payable on May 28, 2021.

What is the significance of the increased distribution rates for the funds?

The increased distribution rates better align with each fund's cash flows.