Form 4: Franklin Resources Inc. Reports Transaction in ClearBridge Energy Midstream Opportunity Fund Inc.

Franklin Resources Inc., an affiliate of the investment advisor for ClearBridge Energy Midstream Opportunity Fund Inc., reports the disposition of 2,209 shares of common stock at $46.042 per share on December 16, 2024.

Summary

• On December 16, 2024, Franklin Resources Inc. (FRI), an affiliate of the investment advisor for ClearBridge Energy Midstream Opportunity Fund Inc. (EMO), disposed of 2,209 shares of EMO common stock.
• The shares were sold at a price of $46.042 per share.
• Following the transaction, FRI directly owns 28,000 shares of EMO.
• The filing also includes exhibits related to a Limited Power of Attorney for Section 13 and 16 reporting obligations, granted and revoked on December 11, 2023.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reports a transaction without expressing any positive or negative outlook.

Industry Context

This Form 4 filing is a routine disclosure related to changes in beneficial ownership by an affiliate of the investment advisor of a closed-end fund, which is common in the financial industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership as mandated by the SEC.
• The transaction size is relatively small, suggesting it's not a major strategic shift for Franklin Resources Inc.
• Comparable companies would include other investment management firms like BlackRock or Vanguard, which also routinely file similar forms for their fund holdings.

Stakeholder Impact

• The transaction may have a minor impact on shareholders of ClearBridge Energy Midstream Opportunity Fund Inc., but the size of the transaction suggests it is unlikely to be significant.

Key Dates