ClearBridge MLP and Midstream Fund Inc (NYSE:CEM) announces a share repurchase program. Under the program, the company will repurchase up to 50% of its issued share capital. The shares will be repurchased at a price per share equal to 100% of the Fund?s net asset value as of the business day immediately following the expiration date of the tender offer. In the event the tender offer is oversubscribed, shares will be repurchased on a pro rata basis. The tender offer will commence on May 21, 2024, and is expected to close on or about June 18, 2024.

David W. Blass and Ryan P. Brizek of Simpson Thacher & Bartlett LLP acted as a legal adviser to the company.