Opening and Closing Bell on Wall Street
Legg Mason and the Clearbridge Energy MLP Opportunity Fund (NYSE-Listed EMO) visited the NYSE to celebrate the listing of the Clearbridge Energy MLP Opportunity Fund. In honor of the occasion, Chris Eades, Managing Director, Co-Director of Research, Senior Research Analyst for Energy rang The Opening BellSM.
Clearbridge Energy MLP Opportunity Fund (NYSE: EMO)
The Fund’s investment objective is to provide long-term investors a high level of total return with an emphasis on cash distributions. There can be no assurance the Fund will achieve its investment objective or earn a return on its assets, and you could lose some or all of your investment.
The Fund offering raised approximately $540 million in its common stock offering; assuming full exercise of the underwriters’ overallotment option, which may or may not occur, the Fund raised approximately $621 million in common assets. Its shares began trading today on the New York Stock Exchange under the symbol “EMO.”
Legg Mason is a global asset management firm with $671 billion in assets under management as of May 31, 2011. The Company provides active asset management in many major investment centers throughout the world. Legg Mason is headquartered in Baltimore, Maryland, and its common stock is listed on the New York Stock Exchange (symbol: LM).