SCHEDULE 13G: MetLife Investment Management Discloses 5.3% Passive Stake in ClearBridge Energy Midstream Opportunity Fund Preferred Shares

MetLife Investment Management, LLC has disclosed a passive beneficial ownership of 5.3% in ClearBridge Energy Midstream Opportunity Fund Inc.'s Mandatory Redeemable Preferred Shares as of March 31, 2025.

Summary

• MetLife Investment Management, LLC (the "Reporting Person") has filed a Schedule 13G, indicating beneficial ownership in ClearBridge Energy Midstream Opportunity Fund Inc.
• As of March 31, 2025, the Reporting Person beneficially owns 140,001 Mandatory Redeemable Preferred Shares.
• This ownership represents approximately 5.3% of the total 2,640,012 Mandatory Redeemable Preferred Shares outstanding.
• The Mandatory Redeemable Preferred Shares include both Series J and Series P, forming a single class of preferred equity securities.
• MetLife Investment Management, LLC holds sole voting and sole dispositive power over these 140,001 shares.
• The shares are managed by the Reporting Person on behalf of Metropolitan Life Insurance Company.
• The filing certifies that the shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, containing no positive or negative performance-related information or forward-looking statements from the issuer.

Positives

• The disclosure of a significant passive stake by a major institutional investor like MetLife Investment Management may signal confidence in the ClearBridge Energy Midstream Opportunity Fund Inc.'s preferred shares.

Future Outlook

This Schedule 13G filing is a disclosure of current beneficial ownership and does not contain any forward-looking statements or guidance regarding the issuer's future performance or strategic plans.

Management Comments

• "The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect." (Certification by Israel Grafstein, Chief Compliance Officer of MetLife Investment Management, LLC)

Industry Context

This filing pertains to an investment in a fund focused on energy midstream opportunities. The disclosure itself is a standard regulatory filing for passive ownership and does not provide specific insights into broader industry trends or competitive landscape within the energy midstream sector.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership in the preferred shares, potentially offering a signal of institutional confidence.
• Management: Awareness of a significant passive institutional holder.

Key Dates

Keywords

ClearBridge Energy Midstream Opportunity Fund Inc., MetLife Investment Management, Schedule 13G, Beneficial Ownership, Mandatory Redeemable Preferred Shares, Preferred Stock, Institutional Investor, SEC Filing, Investment Fund, Energy Midstream