Salient MLP & Energy Infrastructure Fund: Shareholder Meeting Regarding Proposed Reorganization on November 13, 2014

HOUSTON, Sept. 26, 2014 /PRNewswire/ -- Salient MLP & Energy Infrastructure Fund (the "Fund") will hold a shareholder meeting on Thursday, November 13, 2014, beginning at 3:00 pm CST at the Fund's corporate headquarters located at 4265 San Felipe, Suite 800, Houston, as will be set forth in the joint proxy statement/prospectus.

The purpose of the shareholder meeting is to request shareholder approval for the proposed reorganization of Salient MLP & Energy Infrastructure Fund (NYSE: SMF) with and into Salient Midstream & MLP Fund (NYSE: SMM) (together, the "Funds"), 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.

The record date of the shareholder meeting of the Fund is Monday, October 6, 2014. Proxy materials will be mailed to shareholders of record and filed with the Securities and Exchange Commission ("SEC") prior to the meeting. When filed with the SEC, the joint proxy statement/prospectus and other documents filed will be available free of charge on the SEC's web site, http://www.sec.gov. Shareholders can also obtain copies of the definitive joint proxy statement/prospectus, when available, free of charge by dialing (713) 548-2636. Shareholders are urged to read the definitive joint proxy statement/prospectus carefully and in its entirety, including the risk factors therein, when available as it will contain important information about the proposed reorganization.

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 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

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SOURCE Salient MLP & Energy Infrastructure Fund