ClearBridge Energy Midstream Opportunity Fund : Factsheet - ClearBridge Energy Midstream Opportunity Fund Inc.

ClearBridge Energy Midstream Opportunity Fund Inc. (EMO)

Real Assets Factsheet as of June 30, 2024

Investment Overview

Provides a portfolio of energy midstream entities including entities structured as both partnerships and corporations. Seeks a high level of total return with an emphasis on cash distributions. Targets MLPs with long-lived assets, predictable cash flows and relatively low direct commodity exposure.

Total Returns (%)

			Cumulative				Average Annual			Inception
		3-Mth	6-Mth	YTD	1-Yr	3-Yr	5-Yr	10-Yr	Inception	Date
Market Price Return	3.12	22.07	22.07		48.37	30.15	6.25	-2.21	1.61	6/10/2011
NAV Returns	4.65	24.90	24.90		41.10	24.04	4.13	-2.99	1.95	6/10/2011
Benchmark	3.35	17.71	17.71	35.79	22.74	12.17	2.03	5.85	-

Calendar Year Total Returns (%)

	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Market Price Return	31.67	39.94	74.29	-64.30	19.80	-25.57	-0.23	15.28	-41.70	7.91
NAV Returns	21.15	27.47	64.01	-59.81	18.21	-18.39	-6.51	15.90	-39.62	8.36
Benchmark	26.56	30.92	40.17	-28.69	6.56	-12.42	-6.52	18.31	-32.59	4.80

Performance shown represents past performance and is no guarantee of future results. Currentperformancemaybehigherorlower than the performanceshown. Investment return andprincipal value will fluctuateso shares, when sold, maybe worth more orless than the original cost.Returns based onMarket Price orNAV, and assumethe reinvestment of all distributions atthe Dividend ReinvestmentPlan Price or NAV,respectively. All returnsinclude the deduction of management fees, operatingexpenses and allother fund expenses, anddo not reflect thededuction of brokerage commissionsor taxesthat investorsmay pay ondistributions orthe saleof shares.When applicable, performance wouldhave beenlower if feeshad notbeen waivedin various periods.An investorcannot invest directlyin anindex, and unmanaged indexreturns do not reflectany fees, expense orsales charges. Returnsfor periods of lessthan one year arenot annualized. Pleasevisit franklintempleton.comforthemost recentmonth-endperformance.

Gross expenses are the fund's total annual operating expenses as of the fund's annual report available at the time of publication. Actual expenses may be higher and may impact portfolio returns. Net expenses reflect voluntary fee waivers, expense caps and/or reimbursements. Voluntarywaiversmaybe modifiedor discontinuedatany timewithoutnotice. NAV istotal assets less totalliabilitiesdividedby thenumberof sharesoutstanding. Distribution Rate is calculated byannualizingthemostrecent distributionamountpaid,dividedby theclosingmarket price or NAV as of the date indicated. The Distribution Rate calculation includes income, capital gains and return of capital, and includes a prorated special distribution in the month it is paid. The Distribution Rate is not guaranteed, subject to change, and is not a quotation of fund performance. The difference between total assets and net assets, if any, is due primarily to the fund's use of borrowings and other liabilities; netassets do not include borrowings. The fund may employ leverage in the form of loans, preferred stock, reverse repurchase agreementsand/or other instruments. When the fund engages in transactions that have a leveraging effect on the fund's portfolio, the value of thefund will be more volatile and all other risks will tend to be compounded.

Growth of $10,000

Inception through June 30, 2024

Market Price Returns, assuming dividends reinvested

20K					$12,325
15K
10K
5K
0K	Feb-14			Feb-22	Jun-24
Jun-11	Oct-16	Jun-19

The Growth of $10,000 chart reflects a hypothetical $10,000 investment on Market Price and assumes reinvestment of dividends and capital gains. Fund expense, including management fees and other expenses were deducted.

Fund Overview

NYSE - XNYS Ticker	EMO
NAV Symbol	XEMOX
Listed Exchange	NYSE - XNYS
Fund Inception Date	06/13/2011
NAV	$45.66
Market Price	$41.22
Premium/Discount	-9.72%
Last Distribution Paid	$0.6700
Distribution Rate at Market
Price (%)	6.50
Distribution Rate at NAV (%)	5.87
Dividend Frequency, if any	Quarterly

Benchmark(s)

Alerian MLP Index

Fund Characteristics		Fund
Total Assets	$413.19	Million
Loans		15.01%
Fixed RateNotes		5.16%
PreferredShares		9.17%
Total Net Assets	$291.96	Million

tel: (800) DIAL BEN/342-5236| franklintempleton.com

Not FDIC Insured | No Bank Guarantee | May Lose Value

ClearBridge Energy Midstream Opportunity Fund Inc. (EMO)	as of June 30, 2024
Asset Allocation (% of Total)	Portfolio Management

	Fund
Diversified Energy Infrastructure	54.80
Liquids Transportation & Storage	20.68
Gathering/Processing	20.06
Natural Gas Transportation & Storage	2.65
Cash	1.46
Propane	0.35

	Years with Firm	Years of Experience
Chris Eades	17	32
Peter Vanderlee, CFA	30	25
Patrick J McElroy, CFA	16	31

With a legacy dating back over 60 years, ClearBridge Investments is a leading global equity manager committed to delivering differentiated long-term results through authentic active management.

Top Equity Issuers (% of Total)

	Fund
Energy Transfer LP	11.72
Targa Resources Corp	8.69
Western Midstream Partners LP	7.94
ONEOK Inc	7.85
MPLX LP	7.65
Enterprise Products Partners LP	6.51
Williams Cos Inc/The	5.31
Kinder Morgan Inc	4.91
Plains All American Pipeline LP	4.64
Plains GP Holdings LP	4.61

What should I know before investing?

All investmentsinvolve risks, including possible loss of principal. Investmentsin energy-related master limited partnerships (MLPs) and midstream entities aresubject to risks of declines in energy andcommodity prices, decreases in energy demand, adverse weather conditions, natural or other disasters, changes in government regulation, and changes in tax laws. Leverage increases the volatility of investmentreturnsandsubjects investments to magnifiedlosses and a decline in value. Derivative instruments can be illiquid, may disproportionately increaselosses, andhave a potentially large impacton performance. Small- and mid-cap stocks involve greater risks andvolatility than large-capstocks. Liquidity risk exists when securities or other investments become more difficult to sell, or are unable to be sold, at the price at which they have been valued. These andother risks are discussed in the fund's prospectus.MLP cash distributions are generally tax deferred. Non-cashexpenses, such as depreciation or depletion, usually offset income derived from an MLP's operations. To the extent that these expenses exceed income, cash distributions are considered return of capital under tax law. As such, they are not taxed when received. Instead, the distribution, in the form of return of capital, reduces a unit holder's cost basis. This adjusted cost basis, in turn, results in a higher capital gain or lower capital loss when the units are sold. Of course, there can be no assurances that distributions from an MLP will be tax deferred. The fund will be treated as a regular corporation for U.S. federal income tax purposes and, as a result, unlike most investment companies, is subject to corporate income tax to the extent the fund recognizes taxable income. Any taxes paid by the fund will reduce the amount available to pay distributions to investors, and therefore investors in the fund will likely receive lower distributions than if they invested directly in MLPs or midstream entities.

Important Information

Distributions are not guaranteed and are subject to change.

The Closed-End Funds arenot sold or distributed by Franklin Distributors,LLC, or any affiliate of Franklin Resources, Inc. Unlike open-endfunds, shares are not continually offered. Like other public companies, closed-endfunds have a one-timeinitial public offering, and once their shares are first issued, are generally bought and sold through non-affiliatedbroker/dealers and trade on nationally recognized stock exchanges. Share prices will fluctuate with market conditions and, at the time of sale, may be worth more or less than your original investment. Shares of exchange-traded closed-endfunds may trade at a discount or premium to their original offering price, and often trade at a discount to their net asset value. Investment return, market price and net asset value will fluctuate with changes in market conditions. The Funds are subject to investment risks, including the possible loss of principal invested.

CFA® andCharteredFinancialAnalyst® aretrademarksownedby CFAInstitute.

The AlerianMLP Index is a compositeof the50most prominentenergymasterlimitedpartnerships(MLPs) and iscalculated usinga float-adjusted,capitalization-weighted methodology. Source: Alerian. Important data provider notices and terms available at www.franklintempletondatasources.com. All data is subject to change.

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ClearBridge Investments, LLC, and Franklin Distributors, LLC, are Franklin Templeton companies.