DEF: ClearBridge Energy Midstream Opportunity Fund Inc. Announces Annual Meeting of Stockholders

ClearBridge Energy Midstream Opportunity Fund Inc. will hold its annual meeting of stockholders on April 14, 2025, to vote on the election of directors and the ratification of the selection of PricewaterhouseCoopers LLP as independent registered public accountants.

Summary

• ClearBridge Energy Midstream Opportunity Fund Inc. will hold its Annual Meeting of Stockholders on April 14, 2025.
• The meeting will address the election of two Class II Directors and the ratification of PricewaterhouseCoopers LLP (PwC) as the independent registered public accountants for the fiscal year ending November 30, 2025.
• Stockholders of record as of February 7, 2025, are entitled to vote.
• The Board of Directors recommends voting FOR the election of the director nominees and FOR the ratification of PwC.
• The fund has 18,190,226 shares of Common Stock and 2,640,012 Preferred Shares outstanding as of the record date.

Sentiment

Score: 7

Explanation: The document is a standard proxy statement, which is generally neutral in tone. It provides necessary information for stockholders to make informed decisions. The board recommends voting for the proposals.

Positives

• The Board of Directors is actively engaged in overseeing the management and operations of the Fund.
• The Audit Committee is composed entirely of Independent Directors.
• The Board recommends stockholders vote FOR the election of director nominees and FOR the ratification of the selection of PwC as the independent registered public accountants.

Risks

• Failure to obtain a quorum or the required votes could lead to adjournment of the meeting and further solicitation of proxies.
• The staggered terms of directors could limit the ability of other entities or persons to acquire control of the Fund.
• The Board's risk management oversight is subject to substantial limitations.

Future Outlook

The Fund will continue to operate under the oversight of the Board of Directors, with the aim of providing value to its stockholders.

Industry Context

This is a standard proxy statement for a registered investment company, outlining the proposals to be voted on at the annual meeting, providing information about the board of directors, and disclosing fees paid to the independent auditor.

Comparison to Industry Standards

• The structure of the board and its committees is typical for closed-end funds.
• The fees paid to the independent auditor are within the range of what is expected for a fund of this size and complexity.
• The disclosure of director compensation and security ownership is in line with regulatory requirements.

Management Changes

Stakeholder Impact

• Stockholders have the opportunity to vote on the election of directors and the ratification of the independent auditor.
• The outcome of the votes will impact the governance and oversight of the Fund.

Next Steps

• Stockholders should review the proxy materials and vote on the proposals.
• The Fund will hold its Annual Meeting of Stockholders on April 14, 2025.
• The Board will continue to oversee the management and operations of the Fund.

Key Dates