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Salient MLP & Energy Instrastructure Prices Offering of 900K Shares at $27.55/Share

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Salient MLP & Energy Infrastructure Fund (NYSE: SMF) announced today 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.

Posted-In: News Offerings

 

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