ClearBridge MLP Funds Announce Proposed Mergers and Updates for Tender Offers
ClearBridge MLP and Midstream Fund Inc. (CEM)
US:NYSE Investor Relations:
leggmason.com/en-us/products/closed-end-funds/clearbridge-energy-mlp-fund-inc.html
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM), ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO), ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE: CTR) (individually, a “Fund” and collectively, the “Funds”) announced today approval by each Fund’s Board of Directors of a proposal to merge (i) CEM with and into EMO and (ii) CTR with and into EMO, subject to approval by stockholders of each Fund.The approval of each individual merger is not contingent upon the approval of the other merger. If approved, the mergers are expected to occur during the third quarter of 2024. If the proposed mergers are approved by the stockholders of each Fund, (i) common stockholders of CEM and CTR would receive shares (“Shares”) of common stock of EMO, based on each Fund’s respective net asset value (“NAV”) per share and (ii) holders of CEM’s and CTR’s mandatory redeemable preferred stock (“MRPS”) would receive shares of MRPS of EMO with the same a
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CEM
News
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- ClearBridge MLP and Midstream Fund Inc. Announces Unaudited Balance Sheet Information as of March 31, 2024Business Wire
- FEN: Impending ETF Conversion Makes This Fund A Good Short-Term Play [Seeking Alpha]Seeking Alpha
- ClearBridge MLP and Midstream Fund Inc. Announces Unaudited Balance Sheet Information as of February 29, 2024Business Wire
- ClearBridge MLP and Midstream Fund Inc. Announces Unaudited Balance Sheet Information as of January 31, 2024 [Yahoo! Finance]Yahoo! Finance
CEM
Sec Filings
- 4/25/24 - Form NPORT-P
- 4/10/24 - Form 3
- 3/29/24 - Form DEFA14A
- CEM's page on the SEC website