HOUSTON, Nov. 3, 2014 /PRNewswire/ -- Salient MLP &
Energy Infrastructure Fund (NYSE: SMF) announced today that it will
pay its fourth quarter 2014 dividend in November 2014, pending shareholder approval of
the proposed reorganization (the "Reorganization") of SMF with and
into Salient Midstream & MLP Fund (NYSE: SMM) (together, the
"Funds" and each a "Fund"), under which shareholders of SMF will
receive SMM common shares and SMM would acquire substantially all
of the assets and liabilities of SMF. Such transaction would
occur on the basis of relative net asset value of the Funds.
A joint special meeting of shareholders of the Funds to request
approval for the Reorganization will be held at 3 p.m. Central Standard Time, on November 13, 2014. The record date and amount of
the dividend will be announced on the date of the meeting, subject
to shareholder approval of the Reorganization. It is
anticipated that the dividend will be payable on a date which is at
least six business days after the date of the meeting.
Salient MLP & Energy Infrastructure Fund is a
Delaware statutory trust
registered as a non-diversified, closed-end management investment
company under the Investment Company Act of 1940, as amended. The
Fund's investment objective is to provide a high level of total
return with an emphasis on making quarterly cash distributions to
its common shareholders. The Fund seeks to achieve that objective
by investing at least 80% of its total assets in securities of MLPs
and energy infrastructure companies. There can be no assurance that
the Fund will achieve its investment objective.
This press release contains "forward-looking statements" as
defined under the U.S. federal securities laws. Generally, the
words "believe," "expect," "intend," "estimate," "anticipate,"
"project," "will," and similar expressions identify forward-looking
statements, which generally are not historical in nature.
Forward-looking statements are subject to certain risks and
uncertainties that could cause actual future results to differ
significantly from the Fund's present expectations or projections
indicated in any forward-looking statements. These risks include,
but are not limited to, changes in economic and political
conditions; regulatory and legal changes; leverage risk; valuation
risk; interest rate risk; tax risk; the volume of sales and
purchase of shares; the continuation of investment advisory,
administration and other service arrangements; and other risks
discussed in the Fund's filings with the Securities and Exchange
Commission. You should not place undue reliance on forward-looking
statements, which speak only as of the date they are made. The Fund
undertakes no obligation to publicly update or revise any
forward-looking statements made herein. There is no assurance that
the Fund's investment objective will be attained.
CONTACT:
Chris Moon
JCPR
cmoon@jcprinc.com
973-850-7304
Salient Capital Advisors, LLC
Investor Relations
mlpinvestorrelations@salientpartners.com
713-548-2636
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SOURCE Salient MLP & Energy Infrastructure Fund