UPDATE: Stifel Discontinued Coverage on Salient MLP & Energy Infrastructure Following Merger with SMM

In a report published Tuesday, Stifel analyst Selman Akyol discontinued coverage on

. In the report, Stifel noted, “We are discontinuing coverage of Salient MLP & Energy Infrastructure Fund (SMF) following the completion of the merger into Salient Midstream & MLP Fund (SMM, not covered, $26.36). The transaction was approved by SMF shareholders on November 13, 2014. SMF shareholders will receive 1.14 shares of SMM based on the relative net asset value as of November 14, 2014. Our last rating on shares of SMF was Hold. SMF announced a distribution of $0.475 for 4Q14, which will be paid on November 28, 2014.” Salient MLP & Energy Infrastructure closed on Monday at $30.56.