SMM News and Press, Salient Midstream of Beneficial Interest From 09/08/22

Summary For the second month in three, CEFs on average witnessed downside returns, declining 2.23% on a NAV basis for August. While for the seventh month in eight, fixed income CEFs posted returns in the red (-1.29%). Twenty-five percent of all CEFs traded at a premium to thei...

Summary With free cash flow generation becoming more meaningful since 2020, many companies have used excess cash flow to reduce debt, while EBITDA growth has also contributed to lower leverage ratios. With improved balance sheets, midstream companies have been able to execute on d...

SALIENT MIDSTREAM & MLP FUND ANNOUNCES SHAREHOLDER APPROVAL OF REORGANIZATION WITH SALIENT MLP & ENERGY INFRASTRUCTURE FUND SALIENT MIDSTREAM & MLP FUND ANNOUNCES SHAREHOLDER APPROVAL OF REORGANIZATION WITH SALIENT MLP & ENERGY INFRASTRUCTURE FUND PR Newswire...

SALIENT MIDSTREAM & MLP FUND ANNOUNCES TRADING HALT IN ADVANCE OF ANTICIPATED REORGANIZATION SALIENT MIDSTREAM & MLP FUND ANNOUNCES TRADING HALT IN ADVANCE OF ANTICIPATED REORGANIZATION PR Newswire HOUSTON , Aug. 29, 2022 /PRNewswire/ -- Salie...

Summary 1 out of 23 CEF sectors positive on price and 1 out of 23 sectors positive on NAV last week. MLPs lead while commodities lag. MLPs are the most discounted CEF sector. Author’s note: This article was released to CEF/ETF Income Laboratory members on Au...

A dozen energy infrastructure companies spent a combined $1.4 billion on equity repurchases in 2Q22. Four names spent $100+ million in the quarter led by Cheniere Energy (LNG). Constituents with buyback programs account for over 75% of the Alerian Midstream Energy Index (AMNA) by weig...

Last quarter, we discussed the ongoing trends of sticky inflation and a hawkish Federal Reserve. These trends accelerated in Q2 as the U.S. Consumer Price Index rose again to 9.1% in June. Equity volatility remains elevated, but strategies such as covered calls can offer compelling op...

SALIENT MIDSTREAM & MLP FUND ANNOUNCES SPECIAL SHAREHOLDER MEETING SALIENT MIDSTREAM & MLP FUND ANNOUNCES SPECIAL SHAREHOLDER MEETING PR Newswire HOUSTON , Aug. 17, 2022 /PRNewswire/ -- Salient Midstream & MLP Fund (the "Fund") (NYSE: SMM)...

19 out of 23 CEF sectors positive on price and 17 out of 23 sectors positive on NAV last week. SMM will pay a "Saba special distribution", funded by management. ZTR rights offering is now live. Author’s note: This article was released to CEF/ETF Income Laborator...

Midstream dividend trends remained positive for 2Q22, with a few examples of growth and no cuts. Comparing 2Q22 payouts with 2Q21, more than 80% of the Alerian Midstream Energy Index (AMNA) and Alerian MLP Index (AMZ) by weighting have grown their payouts. Combining the strong yea...