Key Developments: Salient MLP And Energy Infrastructure Fund (SMF.N)

SMF.N on New York Stock Exchange

33.73USD
15 Sep 2014
Price Change (% chg)

$-0.20 (-0.59%)
Prev Close
$33.93
Open
$33.99
Day's High
$33.99
Day's Low
$33.51
Volume
8,134
Avg. Vol
10,225
52-wk High
$35.51
52-wk Low
$25.50

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Latest Key Developments (Source: Significant Developments)

Salient MLP And Energy Infrastructure Fund Declares Fourth Quarter 2013 Dividend
Thursday, 7 Nov 2013 08:05am EST 

Salient MLP And Energy Infrastructure Fund announced that it has increased its quarterly dividend of $0.466 per share for the quarter ending November 30, 2013, which represents a 4.1% year-over-year increase over the $0.4475 paid in December 2012. The dividend will be payable on November 29, 2013 to common stockholders of record on November 19, 2013.  Full Article

Salient MLP And Energy Infrastructure Fund Announces Third Quarter Dividend
Tuesday, 6 Aug 2013 05:07pm EDT 

Salient MLP And Energy Infrastructure Fund announced that it had increased its dividend by 1.1% sequentially for the third quarter ended August 31, 2013. The Fund increased its quarterly dividend to $0.465 per share for the quarter ending August 31, 2013, which represents a 5.7% year-over-year increase over the $0.44 paid in August 2012. The increased dividend will be payable on August 29, 2013 to common stockholders of record on August 19, 2013.  Full Article

Salient MLP And Energy Infrastructure Fund Announces Second Quarter 2013 Dividend
Friday, 10 May 2013 04:10pm EDT 

Salient MLP And Energy Infrastructure Fund announced that it has increased dividend by 7.0% year-over-year for the second quarter ended May 31, 2013, which is the seventh consecutive quarter that the Fund has increased quarterly dividend. The Fund increased its quarterly dividend to $0.46 per share for the quarter ending May 31, 2013, which represents a 7.0% year-over-year increase over the $0.43 paid in May 2012. The increased dividend will be payable on May 29, 2013 to common stockholders of record on May 21, 2013.  Full Article

Salient MLP And Energy Infrastructure Fund Announces Underwriters' Full Exercise of Over-Allotment Option
Thursday, 11 Apr 2013 04:58pm EDT 

Salient MLP And Energy Infrastructure Fund announced that the underwriters of its recently completed secondary public offering of 900,000 common shares, which closed on March 26, 2013, exercised in full their over-allotment option to purchase an additional 135,000 common shares at the public offering price of $27.55 per common share. The issuance of these additional common shares closed on April 9, 2013 and net proceeds received by the Fund from the sale of these additional common shares were approximately $3,573,450, bringing the total net proceeds from the secondary offering to approximately $27,396,450. The net proceeds will be used to make additional portfolio investments that are consistent with the Fund's investment objective and policies. Stifel and Oppenheimer & Co. acted as joint book-running managers of the offering.  Full Article

Salient MLP And Energy Infrastructure Fund Prices Public Follow-On Offering Of Common Shares At $27.55 Per Common Share
Thursday, 21 Mar 2013 09:30am EDT 

Salient MLP And Energy Infrastructure Fund announced the pricing of a secondary public offering of its common shares. The Fund agreed to sell a total of 900,000 common shares at a price to the public of $27.55 per common share (exclusive of 135,000 common shares that the underwriters may purchase pursuant to a 30-day option to cover over-allotments). The Fund is listed on the New York Stock Exchange under the symbol SMF. Net proceeds from the offering of approximately $24,795,000 will be used to make additional portfolio investments that are consistent with the Fund's investment objective and policies. The offering is scheduled to close on March 26, 2013. Stifel and Oppenheimer & Co. are acting as joint book-running managers of the offering. The Fund will continue to be managed by Salient Capital Advisors, LLC, which is an investment adviser registered with the SEC.  Full Article

Salient MLP And Energy Infrastructure Fund Announces First Quarter 2013 Dividend Of $0.455 Per Share
Thursday, 7 Feb 2013 09:02am EST 

Salient MLP And Energy Infrastructure Fund announced that it had increased its dividend by 8.3% for the first quarter ended February 28, 2013, which is the sixth consecutive quarter that the Fund has increased its quarterly dividend. The Fund increased its quarterly dividend to $0.455 per share for the quarter ending February 28, 2013, which represents a 8.3% increase over the $0.42 paid in February 2012. The increased dividend will be payable on February 28, 2013 to common stockholders of record on February 19, 2013.  Full Article

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