Salient MLP & Energy Infrastructure Fund Announces Fourth Quarter 2014 Dividend

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
[email protected]
973-850-7304

Salient Capital Advisors, LLC
Investor Relations
[email protected]
713-548-2636

Logo - http://photos.prnewswire.com/prnh/20120917/NY75507LOGO

SOURCE Salient MLP & Energy Infrastructure Fund