Initial Public Offering
Baird served as a joint-bookrunner in this offering
AboutSalient MLP & Energy Infrastructure Fund (NYSE: SMF) (the “Fund”) recently completed an initial public offering of 5,600,000 shares of its common stock at a price of $25.00 per share. The offering generated approximately $140.0 million of gross proceeds. The Fund intends to invest the net proceeds from this offering in accordance with its investment objective and policies within three to six months after the completion of this offering.
SMF is a newly organized Delaware statutory trust registered as a non-diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund’s investment objective is to provide a high level of total return with an emphasis on making quarterly cash distributions to its shareholders by investing at least 80% of its total assets in securities of master limited partnerships and energy infrastructure companies.
For additional information about this transaction, please contact:
- May 2011
- Salient MLP & Energy Infrastructure Fund
- Target Location
- North America