PRUDENTIAL FINANCIAL INC - 09 Sep 2024 Form 4 Insider Report for ClearBridge Energy Midstream Opportunity Fund Inc. (EMO)

Reporting relationship: 10%+ Owner
Issuer ticker: EMO
Reported as of: 09 Sep 2024
Net transaction value: +$37,000,060
SEC form: 4
Accepted by SEC: 11 Sep 2024, 19:15:16 UTC
Prior SEC filing: 28 Jun 2023
Next SEC filing: 20 Dec 2024
Source filing: View source filing
Reporting owner signature: Prudential Financial, Inc., By: /s/ Richard Baker, Second Vice President

Key filing fact

PRUDENTIAL FINANCIAL INC filed Form 4 for ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) on 11 Sep 2024.

Key facts

This page summarizes PRUDENTIAL FINANCIAL INC's Form 4 filing for ClearBridge Energy Midstream Opportunity Fund Inc. (EMO).
5 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 11 Sep 2024, 19:15.

Change

Previous filing in this sequence was filed on 28 Jun 2023.
Current net transaction value: +$37,000,060.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

EMO transaction

Series M Mandatory Redeemable Preferred Stock (EMO)

Other

Transaction value: $11,000,010
Shares: +314,286
Change %
Price: $35.00
Shares after: 314,286
Date: 09 Sep 2024
Ownership: By The Prudential Insurance Company of America, a wholly-owned subsidiary of the Reporting Person
Footnotes: F1, F2, F3

EMO transaction

Series N Mandatory Redeemable Preferred Stock (EMO)

Other

Transaction value: $16,000,005
Shares: +457,143
Change %
Price: $35.00
Shares after: 457,143
Date: 09 Sep 2024
Ownership: By The Prudential Insurance Company of America, a wholly-owned subsidiary of the Reporting Person
Footnotes: F1, F3, F4

EMO transaction

Series R Mandatory Redeemable Preferred Stock (EMO)

Other

Transaction value: $10,000,025
Shares: +285,715
Change %
Price: $35.00
Shares after: 285,715
Date: 09 Sep 2024
Ownership: By The Prudential Insurance Company of America, a wholly-owned subsidiary of the Reporting Person
Footnotes: F1, F3, F5

EMO transaction

Series L Mandatory Redeemable Preferred Stock (EMO)

Other

Transaction value: $5,000,010
Shares: -166,667
Change %: -100%
Price: $30.00
Shares after: 0
Date: 09 Sep 2024
Ownership: By The Prudential Insurance Company of America, a wholly-owned subsidiary of the Reporting Person
Footnotes: F3, F6

EMO transaction

Series L Mandatory Redeemable Preferred Stock (EMO)

Other

Transaction value: $5,000,030
Shares: +142,858
Change %
Price: $35.00
Shares after: 142,858
Date: 09 Sep 2024
Ownership: By The Prudential Insurance Company of America, a wholly-owned subsidiary of the Reporting Person
Footnotes: F3, F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

Share exchange made in connection with the merger of (i) ClearBridge MLP and Midstream Total Return Inc. (CTR) and (ii) ClearBridge MLP and Midstream Fund, Inc. (CEM) with and into (iii) ClearBridge Energy Midstream Opportunity Fund (EMO), effective September 9, 2024. See separate Form 4 filings for CTR and CEM.

Footnote F2

EMO Series M shares issued shares in exchange for CTR Series E Mandatory Redeemable Preferred Stock.

Footnote F3

Mandatory Redeemable Preferred Stock owned directly by The Prudential Insurance Company of America, a ten percent owner of a class, and indirectly owned by Prudential Financial, Inc., its parent holding company.

Footnote F4

EMO Series N shares issued in exchange for CEM Series I Mandatory Redeemable Preferred Stock.

Footnote F5

EMO Series R shares issued in exchange for CEM Series M Mandatory Redeemable Preferred Stock.

Footnote F6

EMO Series L share exchange on 9/9/2024 in connection with a change to the applicable Liquidation Preference.