Fund Description: ClearBridge Energy Midstream Opportunity Fund, formerly the ClearBridge Energy MLP Opportunity Fund, is an exchange-traded closed-end fund or a closed-end ETF which is officially described in its prospectus as a non-diversified, closed-end management investment company. <p> INVESTMENT OBJECTIVE: The ClearBridge Energy MLP Opportunity Fund, Inc. seeks to provide a high level of total return with an emphasis on cash distributions.<p> FUND STRATEGY: The Fund seeks to achieve its objective by investing primarily in master limited partnerships (MLPs) in the energy sector. Under normal market conditions, the Fund will invest at least 80% of its managed assets in MLPs in the energy sector. For purposes of the 80% policy, the Fund considers investments in MLPs to include investments that offer economic exposure to public and private MLPs in the form of equity securities of MLPs, securities of entities holding primarily general partner or managing member interests in MLPs, securities that are derivatives of interests in MLPs, including I-Shares, and debt securities of MLPs. The Fund considers an entity to be within the energy sector if it derives at least 50% of its revenues from the business of exploring, developing, producing, gathering, transporting, processing, storing, refining, distributing, mining or marketing natural gas, natural gas liquids (including propane), crude oil, refined petroleum products or coal. The Fund intends to invest in MLPs only if such MLPs are taxed as partnerships for U.S. federal income tax purposes.<p> FUND MANAGEMENT: Legg Mason Partners Fund Advisor LLC, the Fund’s investment manager, supervises the day-to-day management of the Fund’s portfolio by ClearBridge Advisors, LLC and provides administrative and management services to the Fund.