SALIENT MIDSTREAM & MLP FUND ANNOUNCES SPECIAL SHAREHOLDER MEETING

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.  As previously announced, the record date for shareholders entitled to vote on the Reorganization is August 10, 2022.  If shareholders approve the Reorganization, the Fund intends to complete the Reorganization as soon as possible after the shareholder vote.  Therefore, the Fund is also announcing that it intends to pay cash and not reinvest distributions through the Fund's Dividend Reinvestment Plan for any future distributions, including the third quarter distribution and special distribution recently announced.