SALIENT MIDSTREAM & MLP FUND ANNOUNCES RECORD DATE FOR ANNUAL MEETING

Rhea-AI Summary

Salient Partners, L.P. announced the record date for the upcoming Annual Meeting of Shareholders for Salient Midstream & MLP Fund (NYSE: SMM) as February 28, 2022. Eligible shareholders will vote on the election of trustees at the meeting, expected to occur in late May. The Fund aims to achieve a high total return by investing at least 80% of its assets in securities from MLPs and midstream companies. Further details will be provided in the proxy statement.

Positive

• None.

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• No specific financial metrics or updates on performance were provided.
• The lack of assurance regarding the attainment of the Fund's investment objectives could raise concerns for investors.

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").  The record date for shareholders eligible to vote at the Annual Meeting is February 28, 2022.  Shareholders as of the record date may vote on the election of trustees at the Annual Meeting, which the Fund anticipates holding in late May.  The Fund's proxy statement when filed will set forth the meeting date and other information about the Annual Meeting.

Past performance is no guarantee of future results.

Salient Midstream & MLP 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 midstream 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.

About Salient
Salient Partners, L.P. ("Salient") offers a suite of strategies focused on real assets, comprised of master limited partnerships (MLPs), real estate, and tactical alternatives. Institutions and investment advisors turn to Salient to build smarter, more efficient portfolios. Strategies are offered in the form of open- and closed-end funds and separately managed accounts. Learn more about Salient at www.salientpartners.com. Salient was founded in 2002 and has offices in Houston and San Francisco.

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SOURCE Salient Partners, L.P.

FAQ

What is the record date for the Salient Midstream & MLP Fund Annual Meeting?

The record date is February 28, 2022.

When will the Salient Midstream & MLP Fund Annual Meeting take place?

The Annual Meeting is anticipated to be held in late May 2022.

What will shareholders vote on at the Annual Meeting for SMM?

Shareholders will vote on the election of trustees.

What is the investment objective of Salient Midstream & MLP Fund?

The Fund seeks to provide a high level of total return with an emphasis on quarterly cash distributions.

What percentage of assets does the Fund invest in MLPs and midstream companies?

The Fund invests at least 80% of its total assets in securities of MLPs and midstream companies.