Salient Midstream & MLP Fund

Salient Midstream & MLP Fund is a closed-end management investment company. Its investment objective is to provide a high level of total return with an emphasis on making quarterly cash distributions. It invest primarily in equity securities such as common, preferred, subordinated units, general partner interests, common, preferred shares and convertible securities. The company was founded on October 27, 2011 and is headquartered in Houston, TX.

HOUSTON , Sept. 14, 2022 /PRNewswire/ -- Salient Midstream & MLP Fund (the "Fund") (NYSE: SMM) announced today that the reorganization of the Fund with and into Salient MLP & Energy Infrastructure Fund ("SMAPX"), a series of Salient MF Trust ("Reorganization"), with SMAPX being the surviving fund, is effective as of the opening for business of the New York Stock Exchange ("NYSE") on Wednesday September 14, 2022.

SALIENT MIDSTREAM & MLP FUND ANNOUNCES CLOSING OF REORGANIZATION

SMM will be merged with SMLPX next week. A victory for Saba as well as for our Tactical Income-100 portfolio.

SMM Saga Nears Its End

HOUSTON , Sept. 8, 2022 /PRNewswire/ -- Salient Midstream & MLP Fund (the "Fund") (NYSE: SMM) provided today a summary of unaudited statement of assets and liabilities and announced Net Asset Value (NAV) as of August 31, 2022.

SALIENT MIDSTREAM & MLP FUND ANNOUNCES UNAUDITED NET ASSET VALUE AS OF AUGUST 31, 2022

HOUSTON , Sept. 1, 2022 /PRNewswire/ -- Salient Midstream & MLP Fund (the "Fund") (NYSE: SMM) announced today that at a special meeting of shareholders of the Fund, shareholders approved the reorganization of the Fund with and into Salient MLP & Energy Infrastructure Fund ("SMAPX") (the "Reorganization").

SALIENT MIDSTREAM & MLP FUND ANNOUNCES SHAREHOLDER APPROVAL OF REORGANIZATION WITH SALIENT MLP & ENERGY INFRASTRUCTURE FUND

HOUSTON , Aug. 29, 2022 /PRNewswire/ -- Salient Midstream & MLP Fund (the "Fund") (NYSE: SMM) previously announced that if shareholders approve the reorganization of the Fund with and into Salient MLP & Energy Infrastructure Fund ("SMAPX") (the "Reorganization"), the Fund intends to complete the Reorganization as soon as possible after the shareholder vote.  It is currently expected that the Reorganization will be completed after the market close of the New York Stock Exchange ("NYSE") on September 13, 2022 subject to the satisfaction of customary closing conditions and the unwinding of the Fund's leverage.

SALIENT MIDSTREAM & MLP FUND ANNOUNCES TRADING HALT IN ADVANCE OF ANTICIPATED REORGANIZATION

HOUSTON , Aug. 17, 2022 /PRNewswire/ -- Salient Midstream & MLP Fund (the "Fund") (NYSE: SMM) announced today that it will hold a Special Shareholder Meeting on September 1, 2022 at which shareholders will vote on the reorganization of SMM with and into Salient MLP & Energy Infrastructure Fund ("SMAPX") (the "Reorganization").  SMAPX is an open-end fund that is a series of Salient MF Trust with approximately $849 million in net assets and is also managed by Salient Capital Advisors, LLC, the investment adviser of SMM, using a similar investment strategy.

SALIENT MIDSTREAM & MLP FUND ANNOUNCES SPECIAL SHAREHOLDER MEETING

NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. and certain associated parties (collectively “Saba” or “we”) today announced that it has reached an agreement regarding Salient Midstream & MLP Fund (NYSE: SMM) (the “Fund”). Under the terms of the agreement, Saba has agreed to support the Fund's reorganization into a lower fee open-end mutual fund, Salient MLP & Energy Infrastructure Fund. In addition, the Fund's investment advisor will make a payment of $300,000 to the Fund, to

Saba Capital Reaches Agreement Regarding Salient Midstream & MLP Fund

HOUSTON , Aug. 4, 2022 /PRNewswire/ -- Salient Midstream & MLP Fund (the "Fund") (NYSE: SMM) today announced a distribution of $0.0875 per share for the third quarter ending August 31, 2022. The Fund also announced a special distribution of $0.0169 per share, for an aggregate amount of $300,000, in connection with the Fund's potential reorganization and an anticipated payment by the Advisor.

SALIENT MIDSTREAM & MLP FUND ANNOUNCES THIRD QUARTER 2022 DISTRIBUTION AND ACCOMPANYING SPECIAL DISTRIBUTION, NET ASSET VALUE AS OF JULY 31, 2022 AND RECORD DATE FOR REORGANIZATION

Saba moves against SMM, a position in our Tactical Income-100 portfolio. The board of SMM has proposed a merger with an open-ended fund which would eliminate the discount.

SMM: Discount Elimination With Proposed Merger

HOUSTON , July 11, 2022 /PRNewswire/ -- Salient Midstream & MLP Fund (the "Fund") (NYSE: SMM) provided today a summary of unaudited statement of assets and liabilities and announced Net Asset Value (NAV) as of June 30, 2022. On June 30, 2022, the Fund's total assets were $199.7 million and the NAV per share was $7.94.

SALIENT MIDSTREAM & MLP FUND ANNOUNCES UNAUDITED NET ASSET VALUE AS OF JUNE 30, 2022

HOUSTON , June 28, 2022 /PRNewswire/ -- Salient Midstream & MLP Fund (the "Fund") (NYSE: SMM) announced today that its Board of Trustees determined to reorganize SMM into Salient MLP & Energy Infrastructure Fund ("SMLPX") (the reorganization of SMM into SMLPX is the "Reorganization").  SMLPX is an open-end fund that is a series of Salient MF Trust with approximately $849 million in net assets and is also managed by Salient Capital Advisors, LLC, the investment adviser of SMM, using a similar investment strategy.

SALIENT MIDSTREAM & MLP FUND ANNOUNCES PLANNED REORGANIZATION

HOUSTON , June 7, 2022 /PRNewswire/ -- Salient Midstream & MLP Fund (the "Fund") (NYSE: SMM) provided today a summary of unaudited statement of assets and liabilities and announced Net Asset Value (NAV) as of May 31, 2022. On May 31, 2022, the Fund's total assets were $233.8 million and the NAV per share was $9.72.

SALIENT MIDSTREAM & MLP FUND ANNOUNCES UNAUDITED NET ASSET VALUE AS OF MAY 31, 2022

HOUSTON , May 5, 2022 /PRNewswire/ -- Salient Midstream & MLP Fund (the "Fund") (NYSE: SMM) today announced a distribution of $0.0875 per share for the second quarter ending May 31, 2022. This distribution is payable to common stockholders on May 27, 2022.

SALIENT MIDSTREAM & MLP FUND ANNOUNCES SECOND QUARTER 2022 DISTRIBUTION OF $0.0875 PER SHARE AND NET ASSET VALUE AS OF APRIL 30, 2022

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For the first month in three, equity CEFs on average witnessed positive returns, rising 1.91% on an NAV basis for March.

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HOUSTON , April 7, 2022 /PRNewswire/ -- Salient Midstream & MLP Fund (the "Fund") (NYSE: SMM) provided today a summary of unaudited statement of assets and liabilities and announced Net Asset Value (NAV) as of March 31, 2022. On March 31, 2022, the Fund's total assets were $234.1 million and the NAV per share was $9.52.

SALIENT MIDSTREAM & MLP FUND ANNOUNCES UNAUDITED NET ASSET VALUE AS OF MARCH 31, 2022

HOUSTON, March 7, 2022 /PRNewswire/ -- Salient Midstream & MLP Fund (the "Fund") (NYSE: SMM) provided today a summary of unaudited statement of assets and liabilities and announced Net Asset Value (NAV) as of February 28, 2022. On February 28, 2022, the Fund's total assets were $206.5 million and the NAV per share was $8.65.

SALIENT MIDSTREAM & MLP FUND ANNOUNCES UNAUDITED NET ASSET VALUE AS OF FEBRUARY 28, 2022

HOUSTON, Feb. 28, 2022 /PRNewswire/ -- Salient Partners, L.P. ("Salient") today announced the record date of the annual meeting of shareholders ("Annual Meeting") of Salient Midstream & MLP Fund (NYSE: SMM) (the "Fund").

SALIENT MIDSTREAM & MLP FUND ANNOUNCES RECORD DATE FOR ANNUAL MEETING

HOUSTON, Feb. 7, 2022 /PRNewswire/ -- Salient Midstream & MLP Fund (the "Fund") (NYSE: SMM) today announced a distribution of $0.0875 per share for the first quarter ending February 28, 2022. This distribution is payable to common stockholders on February 25, 2022 and is a 25% increase from the prior quarter distribution.

SALIENT MIDSTREAM & MLP FUND ANNOUNCES FIRST QUARTER 2022 DISTRIBUTION OF $0.0875 PER SHARE AND NET ASSET VALUE AS OF JANUARY 31, 2022

HOUSTON, Jan. 6, 2022 /PRNewswire/ -- Salient Midstream & MLP Fund (the "Fund") (NYSE: SMM) provided today a summary of unaudited statement of assets and liabilities and announced Net Asset Value (NAV) as of December 31, 2021. On December 31, 2021, the Fund's total assets were $187.0 million and the NAV per share was $7.48.

SALIENT MIDSTREAM & MLP FUND ANNOUNCES UNAUDITED NET ASSET VALUE AS OF DECEMBER 31, 2021

HOUSTON, Dec. 7, 2021 /PRNewswire/ -- Salient Midstream & MLP Fund (the "Fund" or "SMM") (NYSE: SMM) provided today a summary of its unaudited statement of assets and liabilities and announced Net Asset Value (NAV) as of November 30, 2021. On November 30, 2021, the Fund's total assets were $192.8 million and the NAV per share was $7.63.

Salient Midstream & MLP Fund Announces 25% Distribution Increase To Maximize Shareholder Value And Releases Unaudited Net Asset Value As Of November 30, 2021

HOUSTON, Nov. 4, 2021 /PRNewswire/ -- Salient Midstream & MLP Fund (the "Fund") (NYSE: SMM) today announced a dividend of $0.07 per share for the fourth quarter ending November 30, 2021. This distribution is payable to common stockholders on November 29, 2021.

Salient Midstream & MLP Fund Announces Fourth Quarter 2021 Dividend Of $0.070 Per Share And Net Asset Value As Of October 31, 2021

HOUSTON, Oct. 11, 2021 /PRNewswire/ -- Salient Midstream & MLP Fund (the "Fund") (NYSE: SMM) provided today a summary of unaudited statement of assets and liabilities and announced Net Asset Value (NAV) as of September 30, 2021. On September 30, 2021, the Fund's total assets were $193.9 million and the NAV per share was $7.77.

Salient Midstream & MLP Fund Announces Unaudited Net Asset Value As Of September 30, 2021

HOUSTON, Sept. 8, 2021 /PRNewswire/ -- Salient Midstream & MLP Fund (the "Fund") (NYSE: SMM) provided today a summary of unaudited statement of assets and liabilities and announced Net Asset Value (NAV) as of August 31, 2021.

Salient Midstream & MLP Fund Announces Unaudited Net Asset Value As Of August 31, 2021

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Discounts And Premiums Not All Created Equal

HOUSTON, Aug. 5, 2021 /PRNewswire/ -- Salient Midstream & MLP Fund (the "Fund") (NYSE: SMM) today announced a dividend of $0.07 per share for the third quarter ending August 31, 2021. This distribution, which is an increase of $0.01 per share over the prior distribution, is payable to common stockholders on August 30, 2021.

News for Salient Midstream & MLP Fund ETF (SMM)