Form 4: American International Group (AIG) Reports Change in Beneficial Ownership of ClearBridge Energy Midstream Opportunity Fund Inc. (EMO)

American International Group (AIG) reports a change in beneficial ownership of ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) securities due to Corebridge Financial, Inc. (CRBG) ceasing to be a controlled subsidiary of AIG.

Summary

• This Form 4 filing details changes in beneficial ownership of ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) securities by American International Group, Inc. (AIG).
• The changes are a result of Corebridge Financial, Inc. (CRBG) ceasing to be a controlled subsidiary of AIG as of June 9, 2024.
• Following this event, AIG and CRBG will report beneficial ownership independently.
• AIG no longer reports beneficial ownership of securities held directly by CRBG and its subsidiaries.
• American Home Assurance Company, an indirect wholly owned subsidiary of AIG, directly holds $1,744,439.63 principal amount of 4.66% Series H Senior Secured Notes due October 15, 2025.
• Lexington Insurance Company, an indirect wholly owned subsidiary of AIG, directly holds 10 shares of Series I Mandatory Redeemable Preferred Stock and 23 shares of Series J Mandatory Redeemable Preferred Stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing reflecting a change in corporate structure. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing reflects corporate restructuring and its impact on the reporting of beneficial ownership, a common occurrence in the financial industry.

Stakeholder Impact

• Shareholders of AIG and CRBG may see adjustments in reported ownership structures.
• The change in reporting structure may affect how analysts and investors evaluate the financial positions of AIG and CRBG independently.

Key Dates