EMO Research | Milton Maxwell

EMO

ClearBridge Energy Midstream Opportunity Fund Inc

44.00

-0.27-0.61%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

822.79M

P/E (TTM)

5.00

Basic EPS (TTM)

8.80

Dividend Yield

Recent Filings

8-K

Bylaws restated, special meetings tightened

11/20/24Nov 20, 2024

ClearBridge Energy Midstream Opportunity Fund fully restated its bylaws, effective November 15, 2024, tightening stockholder special meeting rules to require majority vote requests while imposing strict notice, cost, and disclosure hurdles. Advance nomination windows shrink to 120-150 days pre-annual meeting. Board retains sole amendment power. Governance locks in.

8-K

Bylaws restated, special meetings restricted

1/29/24Jan 29, 2024

ClearBridge Energy Midstream Opportunity Fund fully restated its bylaws effective January 25, 2024, tightening special meeting rules to require majority stockholder support plus cost prepayment. Advance notice for director nominees and proposals now demands exhaustive disclosures on ownership and hedges. Board retains sole amendment power. Governance locked down.

8-K

New MRP series authorized

11/18/22Nov 18, 2022

ClearBridge Energy Midstream Opportunity Fund filed Articles Supplementary effective November 17, 2022, classifying new mandatory redeemable preferred stock series (H: 140 shares at $100,000 liquidation preference, 4.26% rate; I: 30 shares, 4.37%; J: 70 shares, 4.55%; K: 109 shares, 4.30%; L: 566,669 shares at $30 preference, 7.28%) tied to a private placement. These rank parity on dividends and liquidation, demand 225% asset coverage, and carry rating-adjusted rates plus mandatory term redemptions. Leverage rises sharply.

8-K

Bylaws restated, activism hurdles rise

8/18/20Aug 18, 2020

ClearBridge Energy Midstream Opportunity Fund restated its bylaws in full on August 14, 2020, tightening stockholder special meeting rules to require majority ownership requests and detailed disclosures. Advance notice for director nominations now demands comprehensive ownership and hedging data. Governance sharpened. No operational impact disclosed.

8-K

Bylaws enable virtual meetings

4/2/20Apr 2, 2020

ClearBridge Energy Midstream Opportunity Fund amended its bylaws on April 1, 2020, adding provisions for holding stockholder meetings solely via remote communication. The board can decide this anytime, even post-notice, with verification measures for participants. Virtual attendees count as present. Remote setup streamlines access amid disruptions.

About

ClearBridge Energy MLP Opportunity Fund Inc. is a closed ended equity mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by ClearBridge Investments, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the energy sector. The fund primarily invests in equity securities of MLPs with operations in crude oil, natural gas liquids, and refined products infrastructure. It seeks to invest in companies with long-lived assets, predictable cash flows, and relatively low direct commodity exposure to create its portfolio. ClearBridge Energy MLP Opportunity Fund Inc. was formed on April 5, 2011 and is domiciled in the United States.

CEO

Mr. Kenneth Donald Fuller

IPO

6/14/2011

Website

https://individualinvestor.myleggmason.com/portal/server.pt?open=512&objID=1434&cached=true&mode=2&userID=355661&mktcd=EMO

Sector

Financial Services

Industry

Asset Management