4/A: Franklin Resources Amends Filing on ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) Share Transaction
SEC Form 4/A Amendment
Franklin Resources Inc. amended its SEC filing to correct the number of shares sold in ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) on December 11, 2024, and the subsequent amount of securities beneficially owned.
Summary
- Franklin Resources Inc. (FRI) filed an amendment to its Form 4 regarding a transaction in ClearBridge Energy Midstream Opportunity Fund Inc. (EMO).
- The amendment corrects the number of EMO shares sold on December 11, 2024, which was previously reported erroneously.
- The corrected filing also reflects the accurate amount of securities beneficially owned following the transaction on December 11, 2024.
- The original filing was made on December 13, 2024.
- The transaction involved the sale of 1,200 shares at a price of $47.4517 per share.
- Following the corrected transaction report, Franklin Resources Inc. beneficially owns 31,709 shares of EMO.
Sentiment
Score: 6
Explanation: The document is a routine amendment to correct a previously filed form, indicating a neutral sentiment. There are no indications of significant positive or negative events.
Negatives
- The original Form 4 filing contained errors regarding the number of shares sold and the amount of securities beneficially owned.
Industry Context
This filing relates to the energy midstream sector, which is sensitive to energy prices and infrastructure development. Investment advisors like Franklin Resources adjust their holdings based on market conditions and fund strategies.
Key Dates
| Date | Description |
|---|---|
| December 11, 2023 | Date of Limited Power of Attorney and Revocation of Limited Power of Attorney |
| September 9, 2024 | Merger of ClearBridge MLP and Midstream Total Return Fund Inc. (CTR) with and into ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) |
| December 11, 2024 | Date of the share transaction being amended |
| December 13, 2024 | Date of original Form 4 filing |
| March 6, 2025 | Date of amended filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.