Center Coast MLP & Infrastructure Fund Announces Commencement of Rights Offering

Center Coast MLP & Infrastructure Fund

(the "Fund") announced today that it has commenced its previously announced rights offering pursuant to an effective registration statement and today began mailing rights offering materials to its shareholders. In the rights offering, the Fund will issue to its holders of common shares of beneficial interest, par value $0.01 ("Common Shares") of record ("Record Date Common Shareholders") as of March 20, 2015 (the "Record Date"), one transferable right (the "Rights") for each Common Share held on the Record Date. Holders of Rights will be able to purchase one new Common Share for every three Rights held (1 for 3). Fractional Common Shares will not be issued; however, any Record Date Common Shareholder who is issued fewer than three Rights may subscribe, at the Subscription Price, for one full Common Share. The Rights are transferable and are admitted for trading on the New York Stock Exchange ("NYSE") under the ticker symbol "CEN RT" during the course of the Offer. This may afford non-subscribing Record Date Common Shareholders the opportunity to sell their Rights for cash value, the receipt of which may be viewed as partial compensation for any dilution of their interests resulting from the Offer. The Offer will be made only by means of a prospectus supplement and accompanying prospectus, to be distributed to Record Date Common Shareholders shortly after the Record Date. The subscription period commences on March 20, 2015, and will expire at 5:00 p.m., Eastern time, on April 17, 2015, unless extended by the Fund (the "Expiration Date"). Rights may be exercised at any time during the subscription period. The subscription price per Common Share (the "Subscription Price") will be determined on the Expiration Date, and will be equal to 90% of the average of the last reported sales price of a Common Share of the Fund on the NYSE on the Expiration Date and each of the four (4) immediately preceding trading days (the "Formula Price"). If, however, the Formula Price is less than 80% of the Fund's net asset value per Common Share at the close of trading on the NYSE on the Expiration Date, the Subscription Price will be 80% of the Fund's net asset value per Common Share at the close of trading on the NYSE on the Expiration Date. Record Date Common Shareholders who exercise all of their primary subscription Rights at the Subscription Price will be eligible for an over-subscription privilege entitling Record Date Common Shareholders to subscribe, subject to certain limitations and allotment, for any additional Common Shares not purchased pursuant to the primary subscription. To exercise their Rights, Record Date Common Shareholders who hold their Common Shares through a nominee, such as a broker, bank, trust company or other intermediary, should contact such nominee to forward their instructions to either exercise or sell their Rights on their behalf. Record Date Common Shareholders who do not hold Common Shares through a nominee should forward their instructions to either exercise or sell their Rights by completing the subscription certificate, which will be mailed shortly after the Record Date, and delivering it to the subscription agent for the Offer, together with their payment, at one of the locations indicated on the subscription certificate or in the prospectus supplement. The Board, based on the recommendations of and presentations by the Fund's investment adviser, Center Coast Capital Advisors, LP ("Center Coast" or the "Advisor"), and others, has determined that it is in the best interests of the Fund and the holders of its Common Shares to conduct the Offer and thereby to increase the assets of the Fund available for investment. The information herein is not complete and is subject to change. This document is not an offer to sell any securities and is not soliciting an offer to buy any securities in any jurisdiction where the offer or sale is not permitted. This document is not an offering, which can only be made by a prospectus. Investors should consider the Fund's investment objective, risks, charges and expenses carefully before investing. The Fund's prospectus supplement and accompanying prospectus will contain this and additional information about the Fund and additional information about the Offer, and should be read carefully before investing. For further information regarding the Offer, or to obtain a prospectus supplement and the accompanying prospectus please contact the Fund's Information Agent: AST Fund Solutions 55 Challenger Road, Suite 201 Ridgefield Park, NJ 07660 (877) 478-5039