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Salient MLP & Energy Infrastructure Fund Announces Distribution of $0.40 per Share for the Quarter Ended August 31, 2011

^{Published on 2011-07-25 08:50:57 - Market Wire}
 

HOUSTON--([ BUSINESS WIRE ])--Salient MLP & Energy Infrastructure Fund (the aFunda) (NYSE: SMF) announced today its quarterly distribution of $0.40 per share for the period May 25, 2011 to August 31, 2011. This equates to an annualized yield of 6.4% based on the $25 initial public offering price on May 25, 2011.

The distribution for the quarter ended August 31, 2011 will be payable on August 25, 2011 to common stockholders of record on August 19, 2011. It is anticipated that a significant portion of this distribution will be treated as a return of capital for tax purposes. The final determination of such amount will be made in early 2012 when the Company can determine its earnings and profits for the 2011 fiscal year. The final tax status of the distribution may differ substantially from this preliminary information.

Salient MLP & Energy Infrastructure Fund is a newly organized Delaware statutory trust registered as a non-diversified, closed-end management investment company under the Investment Company Act of 1940, as amended. The Funda™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 Funda™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 Funda™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 Funda™s investment objective will be attained.