Salient MLP & Energy Infrastructure Fund Announces Its Net Asset Value as of December 30, 2011 and Provides Fund Update Exhibit 1 - Pie Chart as of December 30, 2011

Salient MLP & Energy Infrastructure Fund Announces Its Net Asset Value as of December 30, 2011 and Provides Fund Update Exhibit 1 - Pie Chart as of December 30, 2011 | Bild: ©

Exhibit 1 - Pie Chart as of December 30, 2011

As of December 30, 2011 the Fund?s net assets were $156.2 million and the net asset value per share was $25.46 compared to May 31, 2011 when the net assets were $133.5 million and the net asset value per share was $23.82. Since the IPO in May 2011, the Fund has paid two quarterly distributions of $0.40 in August and $0.41 in November for a total of $0.81 paid in cash distributions to investors since the IPO.

Including cash distributions of $0.81 paid to investors, the total return on a net asset value basis was $2.45 per share or 10.3% since the Fund?s IPO on May 27, 2011. On December 30, 2011 the closing share price was $23.30 which was trading at an 8.5% discount to net asset value of $25.46 per share.

As of December 30, 2011 the Fund was invested as shown in the pie chart in Exhibit 1 and the Fund?s ten largest holdings are found below:

(in millions)

Percent ofConsolidatedGross Assets

Energy Transfer Equity, L.P.*

EL Paso Pipeline Partners, L.P.*

Eagle Rock Energy Partners, L.P.

Teekay Offshore Partners, L.P.

Navios Maritime Partners, L.P.

The Fund?s consolidated unaudited balance sheet as of December 30, 2011 is shown below:

Salient MLP & Energy Infrastructure Fund

Consolidated Balance Sheet

December 30, 2011

(Unaudited)

Past performance is no guarantee of future results.

Salient MLP & Energy Infrastructure Fund is a Delaware statutory trust registered as a non-diversified, closed-end management investment company under the Investment Company Act of 1940, as amended. The Fund?s investment objective is to provide a high level of total return with an emphasis on making quarterly cash distributions to shareholders. The Fund seeks to achieve that objective by investing at least 80% of its total assets in securities of MLPs and energy infrastructure companies. There can be no assurance that the Fund will achieve its investment objective.

This press release contains "forward-looking statements" as defined under the U.S. federal securities laws. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "will," and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual future results to differ significantly from the Fund?s present expectations or projections indicated in any forward-looking statements. These risks include, but are not limited to, changes in economic and political conditions; regulatory and legal changes; leverage risk; valuation risk; interest rate risk; tax risk; the volume of sales and purchase of shares; the continuation of investment advisory, administration and other service arrangements; and other risks discussed in the Fund?s filings with the Securities and Exchange Commission. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Fund undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Fund?s investment objective will be attained.

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