Clearbridge Energy Midstream Opportunity Fund Inc. current report, 20 July 2015

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Business Context and Reporting Period

This Form 8-K is a current report filed by ClearBridge Energy MLP Opportunity Fund Inc. on July 20, 2015, covering events reported as of July 22, 2015. The filing addresses significant changes in the Fund's corporate governance and leadership structure.

Key Financial Metrics

The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.

Material Changes

  • Leadership Transition: Kenneth D. Fuller resigned as director/trustee, Chairman, Chief Executive Officer, and President, effective July 31, 2015.
  • New Appointments: Jane Trust was appointed as director/trustee, Chairman, Chief Executive Officer, and President, effective August 1, 2015.
  • Scope: These changes apply to the Fund and other closed-end funds advised by Legg Mason Partners Fund Advisors, LLC (LMPFA).

Management Commentary and Background

Jane Trust is a Managing Director of Legg Mason & Co., LLC with nearly 27 years of experience within the Legg Mason family. Her background includes senior investment roles at Legg Mason Capital Management (LMCM) and Legg Mason Investment Counsel (LMIC), where she managed institutional accounts and supervised equity and fixed income portfolio managers. She currently serves as Senior Vice President of LMPFA, the Fund's investment adviser. Ms. Trust holds a B.A. in Engineering Sciences from Dartmouth College, an M.A.S. in Finance from The Johns Hopkins University, and is a CFA charterholder.

Investor Verification Checklist

  • Verify the effective dates of the leadership transition (July 31, 2015 for resignation; August 1, 2015 for appointment).
  • Review the attached press release (Exhibit 99.1) for additional details on the strategic rationale for the change.
  • Confirm that Jane Trust's dual role as Senior Vice President of the investment adviser and new CEO of the Fund aligns with the Fund's governance policies.
  • Note that the information in this Item 5.02 is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.