Key Developments: ClearBridge Energy MLP Opportunity Fund Inc (EMO)
24.95USD
20 May 2013
$0.03 (+0.12%)
$24.92
$24.87
$24.98
$24.71
90,447
102,432
$24.98
$17.93
Latest Key Developments (Source: Significant Developments)
ClearBridge Energy MLP Opportunity Fund Inc Announces Quarterly Distribution
ClearBridge Energy MLP Opportunity Fund Inc announced that quarterly distribution of $0.3400 per common share payable in May 31, 2013 to the shareholders of record date May 24, 2013. The ex-dividend date is May 22, 2013. Full Article
ClearBridge Energy MLP Opportunity Fund Inc Announces Refinancing
ClearBridge Energy MLP Opportunity Fund Inc announced it completed a private placement of $150 million of fixed-rate senior secured notes on February 7, 2013. Net proceeds from the offering will be used to repay outstanding borrowings on a floating rate line of credit, make new portfolio investments, and for general corporate purposes. After the private placement, the Fund's total leverage is $190 million or 22.3% of managed assets, comprised of 79% in fixed-rate securities and 21% in floating rate financing. ClearBridge Energy MLP Opportunity Fund Inc. is a non-diversified, closed-end management investment company which is advised by Legg Mason Partners Fund Advisor, LLC (LMPFA) and subadvised by ClearBridge Investments, LLC (ClearBridge) (formerly ClearBridge Advisors, LLC). LMPFA and ClearBridge are wholly owned subsidiaries of Legg Mason, Inc. (Legg Mason). Full Article
ClearBridge Energy MLP Opportunity Fund Inc Announces Increased Quarterly Distribution Rate For February 2013
ClearBridge Energy MLP Opportunity Fund Inc announced a quarterly distribution of $0.3400 per common share payable in February 2013. Full Article
ClearBridge Energy MLP Opportunity Fund Inc Declares Initial Distribution
ClearBridge Energy MLP Opportunity Fund Inc announced that it declared its initial quarterly distribution of $0.3300 per common share payable August 8, 2011. Based on the Fund’s offering price of $20.00 per share, this equates to an annualized distribution rate of 6.60%. This distribution is the first declared by the Fund following its initial public offering that raised approximately $540 million in assets. The Fund anticipates declaring and paying its distributions quarterly based on its November 30th fiscal year. Full Article
ClearBridge Energy MLP Opportunity Fund Inc Raises $540 Million, Starts Trading On The NYSE-Investment Weekly News
Investment Weekly News reported that ClearBridge Energy MLP Opportunity Fund Inc announced that pricing has been completed for its Initial Public Offering (IPO). The Fund offering raised approximately $540 million in its common stock offering; assuming full exercise of the underwriters' overallotment option, which may or may not occur, the Fund will have raised approximately $621 million. Its shares began trading today on the New York Stock Exchange under the symbol EMO. announced that pricing has been completed for its initial public offering. The Fund offering raised approximately $540 million in its common stock offering; assuming full exercise of the underwriters' overallotment option, which may or may not occur, the Fund will have raised approximately $621 million. Its shares began trading today on the New York Stock Exchange under the symbol EMO. The underwriting syndicate was led by Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., and BofA Merrill Lynch. Full Article
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