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July 15, 2021
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EMO – Clear Bridge Energy Midstream Chance Fund Inc.

Shows

  • Offers a profile of power midstream entities including entities structured as both partnerships and corporations
  • Seeks a top degree of total return with an focus on money distributions
  • Goals MLPs with long-lived assets, predictable money flows and reasonably low commodity exposure that is direct

This Fund completed a1-for-5 reverse stock split on July 28, 2020 for typical stockholders of record at the time of the close of company on July 27, 2020. Due to the opposite stock split, every five outstanding stocks of typical stock had been automatically changed into one share of typical stock.

Meet Your Managers

By having a legacy dating back to over 50 years, ClearBridge Investments is a number one worldwide equity supervisor devoted to delivering differentiated long-lasting outcomes through authentic active administration.

Meet Your Managers

Richard Freeman (industry since 1976), Michael Clarfeld, CFA (industry since 2000), Chris Eades (industry since 1992) and Peter Vanderlee, CFA (industry since 1999) datemyage review co-manage your investment.

ClearBridge provides institutional and specific investors many different conventional and equity that is alternative.

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With a good investment history dating back to over 50 years, ClearBridge provides distinctive supervisor insights and proprietary research that is fundamental.

Richard Freeman

Handling Director, Portfolio Manager

Michael Clarfeld, CFA

Handling Director, Portfolio Manager

Chris Eades

Handling Director, Portfolio Manager

Peter Vanderlee, CFA

Handling Director, Portfolio Manager

For more information in regards to the EMO – ClearBridge Energy Midstream chance Fund Inc., confer with your economic advisor.

Find out more about just how to spend with Legg Mason

Ahead of, this fund ended up being referred to as ClearBridge Energy MLP chance Fund Inc. at that moment, the investment strategy also changed.

The Thing I Ought To Know Before Investing? All opportunities are susceptible to dangers, like the feasible lack of principal.

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The Fund’s concentration of assets in power associated MLPs topic it towards the dangers of MLPs as well as the power sector, like the dangers of decreases in power and commodity rates, decreases in power need, negative climate conditions, normal or any other disasters, alterations in federal federal government legislation, and alterations in income tax laws and regulations. Leverage might bring about greater volatility of NAV additionally the selling price of typical stocks and increases a shareholder’s danger of loss. The Fund could make investments that are significant derivative instruments. Derivative instruments may be illiquid, may disproportionately increase losings, and also a possibly big effect on Fund performance. The Fund may purchase tiny capitalization or illiquid securities which can boost the danger and volatility of this Fund.

MLP money distributions are usually tax deferred. Non-cash costs, such as for instance depletion or depreciation, frequently offset income based on an MLP’s operations. Towards the degree why these costs surpass earnings, cash distributions are thought return of money under taxation legislation. As a result, they’re not taxed whenever gotten. Rather, the circulation, by means of return of money, decreases a unit holder’s cost basis. This cost that is adjusted, in change, leads to a greater money gain or reduced money loss as soon as the devices can be bought. Needless to say, there may be no assurances that distributions from an MLP may be taxation deferred. The Fund should be addressed as a normal business for U.S. federal tax purposes and, because of this, unlike many investment businesses, is susceptible to business tax towards the degree the investment recognizes taxable earnings. Any fees compensated by the Fund wil dramatically reduce the quantity offered to spend distributions to investors, and so investors into the Fund will receive lower distributions likely than should they invested directly in MLPs.

Distributions aren’t assured and therefore are susceptible to alter.