SMM - Salient Midstream & MLP Fund reports ~18% sequential decline in June NAV

• Salient Midstream & MLP Fund ( NYSE: SMM ) on Monday has reported total assets of $199.7M as on Jun. 30, sequentially down from May's $233.8M asset value .
• Net Asset Value closed at $7.94 (vs. $9.72 in May) compared to Fund's last traded stock price of $7.57 on month end, reflecting shares trading at 4.7% discount.
• This energy sector focused fund has returned for the month of June market price decline of 18.3% and 10.9% downside in net asset value. That compares with decline of 13.2% return of Alerian Midstream Energy Select Total Return Index (AMEIX).
• The Fund's NAV and market price total returns YTD were 8.5% and 14.8%, respectively, compared to 10.0% for the AMEIX.

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