ClearBridge EMO: Corebridge Financial Disposes 134,286 Series J Pref

What Happened
Corebridge Financial, Inc. (through indirect subsidiaries) disposed of 134,286 shares of ClearBridge Energy Midstream Opportunity Fund’s (EMO) Series J Mandatory Redeemable Preferred Stock via redemption. The redemption price was $35.23 per share (liquidation value $35.00 plus accrued interest ≈ $0.23), resulting in proceeds of approximately $4,730,896. This was a disposition due to issuer redemption at maturity rather than an open‑market sale.

Key Details

• Transaction date: 2026-07-23; Filing date (Form 4): 2026-07-27. No late‑filing indicator is shown in the summary provided.
• Price and value: $35.23 per share (includes ~$0.23 accrued interest); total ≈ $4,730,896.
• Shares disposed: 134,286 Series J mandatory redeemable preferred shares.
• Post-transaction holdings: Not specified on the Form 4 summary; footnotes note holdings directly held by subsidiaries (see below).
• Notable footnotes:
  • F1: Securities were redeemed by the issuer at maturity at $35.00 liquidation value plus ≈ $0.23 accrued interest.
  • F2: The securities were directly held by American General Life Insurance Company (AGLIC), an indirect wholly owned subsidiary of Corebridge.
  • F3: AGLIC and The United States Life Insurance Company in the City of New York (another indirect subsidiary) directly hold reported principal amounts of the securities as stated in the filing.
• Remarks: Filed pursuant to Section 30(h) of the Investment Company Act of 1940.

Context
This transaction reflects an issuer redemption at maturity of a preferred security — a routine disposition that is not the same as an insider selling shares on the open market. The filer is an institutional holder (Corebridge and its insurance subsidiaries), not an individual corporate officer, so this action is procedural (redemption/payment of liquidation value plus interest) rather than a direct signal of management sentiment.