HOUSTON, April 22, 2015 /PRNewswire/ -- Salient Midstream & MLP Fund (NYSE: SMM) announced today that it will begin reporting daily net asset values (NAVs) as part of its commitment to continually enhance financial reporting transparency to investors.
The daily NAV information for SMM is available on the closed-end fund page of the Salient Partners, L.P. ("Salient") website: http://salientpartners.com/funds/mlp-midstream.html.
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.
Salient Partners is an innovative asset management firm headquartered in Houston, Texas, that provides alternative investment strategies to institutional investors and financial advisors. The firm offers a broad selection of equity, fixed income, risk-balancing, asset-allocation, energy and commodity, real estate, hedge fund and private equity strategies in the form of mutual funds, separately managed accounts and private funds. Salient's strategies aim to eliminate unrewarded risk, reduce investing costs and focus on fundamental drivers of returns. A core element of Salient's platform is its thought leadership and ongoing education of financial advisors and investors, which the firm provides via weekly market observations, monthly webcasts and its nationally-recognized Epsilon Theory newsletter. For more information about Salient, visit www.salientpartners.com. Follow Salient on LinkedIn or Twitter.
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SOURCE Salient Partners, L.P.