The following Funds announced today their share repurchase activity during the second quarter of 2022.

   

Share 

 

Repurchases Since Inception

 

Ticker

 

Fund Name

 

 Repurchases

 

of Each Fund’s Repurchase

 

 

 

 

 

 (4/1/22-6/30/22)

 

Program

   

CEM

 

ClearBridge MLP and Midstream Fund Inc.

54,000

 

777,736

   

 

 

 

   

 

 

 

 

EMO

 

ClearBridge Energy Midstream Opportunity Fund Inc.

64,953

 

1,529,323

   

 

 

 

   

 

 

 

 

CTR

 

ClearBridge MLP and Midstream Total Return Fund Inc.

28,000

 

750,499

   

 

 

 

   

 

 

 

 

SCD

 

LMP Capital and Income Fund Inc.

 

86,714

 

530,171

 

 

 

 

     

 

 

 

 

DMO

 

Western Asset Mortgage Opportunity Fund Inc.  

 

 31,382

 

31,382

 

 

 

 

     

 

 

 

 

EMF

 

Templeton Emerging Markets Fund

 

 110,165

 

2,221,922

 

 

 

 

     

 

 

 

 

TEI

 

Templeton Emerging Markets Income Fund

 

 130,078

 

785,573

   

Share Repurchases seek to enhance shareholder value by purchasing the Fund’s shares when trading at a discount to the Fund’s net asset value (“NAV”) per share. All repurchased shares are canceled and the difference between the purchase price and NAV results in incremental accretion to the Fund’s NAV for all shareholders.

Each Fund’s Board of Directors/Trustees has authorized each Fund to repurchase shares when they are trading at a discount to NAV and management reasonably believes the share repurchases will enhance shareholder value. The Funds are under no obligation to purchase shares at any specific discount levels or in any specific amounts. Each Fund's repurchase activity will also be disclosed in its shareholder report for the relevant fiscal period.

About Franklin Templeton

Franklin Resources, Inc. is a global investment management organization with subsidiaries operating as Franklin Templeton.

For more information about the Funds, please call 1-888-777-0102 or consult the Funds’ website at www.franklintempleton.com/investments/options/closed-end-funds. Hard copies of the Funds’ complete audited financial statements are available free of charge upon request.

Data and commentary provided in this press release are for informational purposes only. Franklin Resources and its affiliates do not engage in selling shares of the Funds.

The Funds’ shares are traded on the New York Stock Exchange. Similar to stocks, Fund share prices will fluctuate with market conditions and, at the time of sale, may be worth more or less than the original investment. Shares of closed-end funds often trade at a discount to their net asset value, and can increase an investor’s risk of loss. All investments are subject to risk, including the risk of loss.

This press release contains "forward-looking statements" as defined under the U.S. federal securities laws. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "will," and similar expressions identify forward looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual future results to differ significantly from each Fund’s present expectations or projections indicated in any forward-looking statements. These risks include, but are not limited to, changes in economic and political conditions; regulatory and legal changes; leverage risk; valuation risk; interest rate risk; tax risk; the continuation of investment advisory, administration and other service arrangements; and other risks discussed in the fund’s filings with the Securities and Exchange Commission. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Fund undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Fund’s investment objectives will be attained.

INVESTMENT PRODUCTS: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

Category: Corporate Action

Source: Franklin Resources, Inc.

Source: Legg Mason Closed End Funds

Investor: Fund Investor Services 1-888-777-0102

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