Legg Mason Partners Fund Advisor, LLC Announces Distributions for the Month of May 2022
March 11 2022 - 8:00AM
Business Wire
Legg Mason Partners Fund Advisor, LLC announced today that
certain closed end funds have declared their distributions for the
month of May 2022.
The following dates apply to the distribution schedule
below:
Month
Record Date
Ex-Dividend Date
Payable Date
May
5/23/2022
5/20/2022
5/31/2022
Ticker
Fund Name
Amount
Change from Previous
Distribution
CEM
ClearBridge MLP and Midstream Fund
Inc.
$0.6000
$0.1100
EMO
ClearBridge Energy Midstream Opportunity
Fund Inc.
$0.5000
$0.1100
CTR
ClearBridge MLP and Midstream Total Return
Fund Inc.
$0.5200
$0.0900
“We believe midstream industry fundamentals continue to improve.
Our analysis shows that free cash flow generation is accelerating
and our portfolio companies are now expected to increase dividends
and distributions at a higher growth rate than we anticipated
entering 2022. Our announced distribution increases reflect
increasing income into the funds.” Chris Eades, Portfolio
Manager
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 Fund’s 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.
This press release contains "forward-looking statements" as
defined under the U.S. federal securities laws. Generally, the
words "believe," "expect," "intend," "estimate," "anticipate,"
"project," "will," and similar expressions identify forward looking
statements, which generally are not historical in nature.
Forward-looking statements are subject to certain risks and
uncertainties that could cause actual future results to differ
significantly from each Fund’s present expectations or projections
indicated in any forward-looking statements. These risks include,
but are not limited to, changes in economic and political
conditions; regulatory and legal changes; leverage risk; valuation
risk; interest rate risk; tax risk; the continuation of investment
advisory, administration and other service arrangements; and other
risks discussed in the fund’s filings with the Securities and
Exchange Commission. You should not place undue reliance on
forward-looking statements, which speak only as of the date they
are made. The Fund undertakes no obligation to publicly update or
revise any forward-looking statements made herein. There is no
assurance that the Fund’s investment objectives will be
attained.
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/20220311005166/en/
Investor Contact: Fund Investor Services
1-888-777-0102
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