ClearBridge Energy Midstream Opportunity Fund Inc. Announces Annual Meeting

TL;DR

<b>ClearBridge Energy Midstream Opportunity Fund Inc. is holding its Annual Meeting of Stockholders on April 12, 2024, to elect directors and ratify auditors.</b>

AI Summary

ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) filed a Proxy Statement (DEF 14A) with the SEC on March 6, 2024. Annual Meeting of Stockholders scheduled for April 12, 2024, at 10:00 a.m. in New York. Proposes election of four directors: two Class I and one Class III for common and preferred shares, and one Class I for preferred shares. Seeks ratification of PricewaterhouseCoopers LLP as independent auditors for fiscal year ending November 30, 2024. The meeting will address other business as may properly come before it. The company may change the meeting format, location, or time, with announcements via press release and SEC filing.

Why It Matters

For investors and stakeholders tracking ClearBridge Energy Midstream Opportunity Fund Inc., this filing contains several important signals. The election of directors is a critical governance function, ensuring the fund is overseen by individuals aligned with shareholder interests. Ratifying the independent auditor is essential for maintaining financial transparency and investor confidence in the fund's reported financial statements.

Risk Assessment

Risk Level: low — ClearBridge Energy Midstream Opportunity Fund Inc. shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational risks indicated.

Analyst Insight

Stockholders should review the director nominees and the auditor ratification proposal before the April 12, 2024 meeting.

Key Numbers

• 2 — Class I Directors (To be elected by holders of common and preferred shares.)
• 1 — Class III Director (To be elected by holders of common and preferred shares.)
• 1 — Class I Director (To be elected by holders of Preferred Shares.)

Key Players & Entities

• ClearBridge Energy Midstream Opportunity Fund Inc. (company) — Registrant and filer of the proxy statement.
• PricewaterhouseCoopers LLP (company) — Proposed independent registered public accountants.
• April 12, 2024 (date) — Date of the Annual Meeting of Stockholders.
• November 30, 2024 (date) — Fiscal year end for which auditors are being ratified.
• New York (location) — Location of the Annual Meeting and business address.

FAQ

Risk Factors

• Compliance with SEC Regulations [low — regulatory]: The fund must comply with all SEC rules and regulations regarding proxy solicitations and annual meetings.

Industry Context

The filing pertains to a closed-end investment fund focused on the energy midstream sector.

Regulatory Implications

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, governing proxy solicitations.

What Investors Should Do

1. Review the backgrounds and qualifications of the director nominees.
2. Evaluate the independence and qualifications of PricewaterhouseCoopers LLP.
3. Vote on the proposals presented at the Annual Meeting of Stockholders.

Key Dates

• 2024-04-12: Annual Meeting of Stockholders — Election of directors and ratification of auditors.
• 2024-03-06: Filing Date — Filing of the definitive proxy statement.

Glossary

DEF 14A

Definitive Proxy Statement (This is the form type filed by the company for its annual meeting.)

Class I Director

A class of directors with a specific term length, typically elected on a staggered basis. (Key positions being voted on at the annual meeting.)

Class III Director

A class of directors with a specific term length, typically elected on a staggered basis. (Key positions being voted on at the annual meeting.)

Year-Over-Year Comparison

This is the initial filing for the 2024 Annual Meeting of Stockholders.

Key Financial Figures

• $100,000 — which have a liquidation preference of $100,000 per share (collectively with the Common
• $0.001 — 7,291 shares of Common Stock, par value $0.001 per share, and 567,018 Preferred Shares

Filing Documents

• d792989ddef14a.htm (DEF 14A) — 167KB
• g792989dsp003.jpg (GRAPHIC) — 135KB
• g792989dsp004.jpg (GRAPHIC) — 123KB
• g792989dsp005.jpg (GRAPHIC) — 135KB
• g792989dsp006.jpg (GRAPHIC) — 122KB
• 0001193125-24-060374.txt (&nbsp;) — 862KB

Security Ownership of Management

Security Ownership of Management The following table provides information concerning the dollar range of equity securities owned beneficially by each Director and nominee for election as Director as of December 31, 2023: Name of Director/Nominee Dollar Range (1) of Equity Securities in the Fund Aggregate Dollar Range (1) of Equity Securities in all Funds Overseen by Director/Nominee in Family of Investment Companies (2) NON-INTERESTED DIRECTORS Robert D. Agdern A D Carol L. Colman C E Daniel P. Cronin A E Paolo M. Cucchi A C Eileen A. Kamerick A E Nisha Kumar A A INTERESTED DIRECTOR Jane E. Trust

View Full Filing

View this DEF 14A filing on SEC EDGAR