On August 3, 2022, Saba Capital Management, L.P. announced that it has reached a standstill agreement regarding Salient Midstream & MLP Fund. Saba Capital stated that under the terms of the agreement, Saba Capital has agreed to support the Company's reorganization into a lower fee open-end mutual fund, Salient MLP & Energy Infrastructure Fund. Saba Capital added that the Company's investment advisor would make a payment of $300,000 to the Company, to be paid out to all shareholders as a special ‘Saba Special Distribution'.