Salient Midstream & MLP Fund Announces Tax And Investment Update
Salient Midstream Common Shares of Beneficial Interest (SMM)
US:NYSE Investor Relations:
salientpartners.com/strategies/salient-midstream-mlp-fund
Company Research
Source: PR Newswire
HOUSTON, May 17, 2017 /PRNewswire/ -- Salient Midstream & MLP Fund (the "Fund") (NYSE: SMM) today announced the completion of its 2016 federal tax provision, resulting in a tax refund receivable related to the Salient Midstream & MLP Fund, Inc. (the "C-Corp Subsidiary") liquidation. The Fund also announced that one of its top five holdings, EMG Utica I Offshore Co-Investment, L.P. ("EMG Utica Co-Investment"), intends to begin paying quarterly distributions.The 2016 C-Corp Subsidiary federal tax provision, related to the C-Corp Subsidiary liquidation in 2016, was recently completed by the Fund's tax preparers. As a result, the Fund will record a tax refund receivable from the Internal Revenue Service in the amount of $980,619 for the Fund's federal tax payment made earlier in 2017. This tax-related receivable will increase the Net Asset Value of the Fund.In addition, EMG Utica Co-Investment recently announced its intentions to begin paying quarterly distributions, starting in August, f
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