NOTICE TO CLEARBRIDGE MLP AND MIDSTREAM FUND INC (CEM) INVESTORS – KlaymanToskes commences investigation on behalf of CEM Investors Who Sustained Losses in Excess of $100,000 as a Result o...
ClearBridge MLP and Midstream Fund Inc. (CEM)
US:NYSE Investor Relations:
leggmason.com/en-us/products/closed-end-funds/clearbridge-energy-mlp-fund-inc.html
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--KlaymanToskes ("KT"), http://www.klaymantoskes.com, announces an investigation on behalf of investors who sustained losses from the purchase of ClearBridge MLP and Midstream Fund, Inc. (NYSE:CEM) (“CEM”) a Master Limited Partnership (“MLP”). CEM closed at 10.49 on February 21, 2020, prior to the significant market event that was precipitated by COVID-19. Today, CEM trades at 1.94, or more than 81% lower than its market value on February 21, 2020. This product may have been marketed and sold to customers who were risk averse, such as retirees or other conservative investors, that were seeking income and capital preservation and were not explained the potential risks.MLPs are investment vehicles available only to the real estate and natural resource sectors. MLPs offer the tax advantages of partnerships with the advantage of being traded on the open market. Unfortunately, MLPs may become risky during times when certain sectors of the economy are hit hard.
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