On December 27, 2023, Saba Capital Management, L.P announced that on December 22, 2023 it has entered into a standstill agreement with ClearBridge Energy Midstream Opportunity Fund Inc, Franklin Templeton Fund Adviser, the investment adviser to the Company, ClearBridge Investments, LLC, the sub-adviser to the Company, and certain other funds managed by the Adviser, pursuant to which the Company agreed to commence, on a date to be announced later, a tender offer for up to 50% of its outstanding Common Shares at a price per share equal to 100% of the Company's net asset value per share and Saba Capital agreed to tender all of the Common Shares then owned by Saba Capital and one or more private funds and accounts managed by Saba Capital in the Tender Offer, subject to the terms and conditions therein. The Agreement also provides for certain customary standstill provisions during the period from the date of the Agreement through the date that is the earlier of (a) the day following the Issuer's 2025 annual meeting of shareholders; (b) such date that the Issuer determines not to conduct the Tender Offer; and (c) the date that is 60 days prior to the last date that a shareholder proposal pursuant to Rule 14a-8 under the Securities Exchange Act of 1934 or trustee nomination is permitted to be submitted to the Issuer for the 2026 annual meeting of shareholders. Under the Agreement, Saba Capital covenants and agrees that, in connection with the 2024 Annual Meeting of Shareholders of each Fund, Saba will, as applicable, withdraw any director nominations it previously submitted and all other shareholder proposals it submitted and will not solicit against, contest, or otherwise oppose any nominations for the board of directors, put forth by the respective board of directors of each Fund at their respective Annual Meetings.