FPL: Merger Arbitrage Opportunity In The MLP CEF Space [Seeking Alpha]
ClearBridge Energy Midstream Opportunity Fund Inc. (EMO)
US:NYSE Investor Relations:
leggmason.com/en-us/products/closed-end-funds/clearbridge-energy-mlp-opportunity-fund-inc.html
Company Research
Source: Seeking Alpha
Buying FPL now offers a 2% discount to NAV that will disappear after the merger, and investors will have exposure to the MLP asset class in an unleveraged and less volatile structure. It is encouraging to see MLP CEF managers finally taking drastic actions to close the discount gaps. Thesis It looks like the MLP CEF space is finally capitulating and taking various forms of corporate actions to close the discount gaps. After relentless pressure from Saba capital, ClearBridge Energy Midstream Opportunity Fund Inc. ( EMO Recommended For You Recommended For You About FPL Ticker
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EMO
News
- ClearBridge Energy Midstream Opportunity Fund Inc. Announces Unaudited Balance Sheet Information as of April 30, 2024Business Wire
- EMO: Very Strong Recent Performance, But Higher Risks Than Peers [Seeking Alpha]Seeking Alpha
- ClearBridge Energy Midstream Opportunity Fund Inc. Announces Results of Annual Meeting of StockholdersBusiness Wire
- ClearBridge Energy Midstream Opportunity Fund Inc. Announces Unaudited Balance Sheet Information as of March 31, 2024Business Wire
- ClearBridge Energy Midstream Opportunity Fund Inc. Announces Unaudited Balance Sheet Information as of February 29, 2024Business Wire
EMO
Sec Filings
- 4/29/24 - Form DEFA14A
- 4/25/24 - Form NPORT-P
- 4/10/24 - Form 3
- EMO's page on the SEC website