SALIENT MIDSTREAM & MLP FUND

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM N-PX

 

 

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-22626

 

 

SALIENT MIDSTREAM & MLP FUND

(Exact name of registrant as specified in charter)

 

 

4265 SAN FELIPE, SUITE 800

HOUSTON, TEXAS 77027

(Address of principal executive offices) (Zip code)

 

 

George Zornada, Esq.

K&L Gates

State Street Financial Center

One Lincoln Street

Boston, Ma 02111

(Name and address of agent for service)

 

 

Registrant’s telephone number, including area code: (713) 993-4001

Date of fiscal year end: November 30

Date of reporting period: July 1, 2014 through June 30, 2015

 

 

Form N-PX is to be used by a registered management investment company, other than a small business investment company registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than August 31 of each year, containing the registrant’s proxy voting record for the most recent twelve-month period ended June 30, pursuant to section 30 of the Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 

 

 


PROXY VOTING RECORD

FOR PERIOD JULY 1, 2014 TO JUNE 30, 2015

Salient Midstream & MLP Fund

 

CAPITAL PRODUCT PARTNERS L.P.   
Security    Y11082107    Meeting Type    Annual
Ticker Symbol    CPLP    Meeting Date    21-Aug-2014
ISIN    MHY110821078    Agenda    934061780 - Management

 

Item

  

Proposal

  

Proposed

by

  

Vote

  

For/Against

Management

1.    ELECTION OF ONE CLASS I DIRECTOR UNTIL THE 2017 ANNUAL MEETING: PIERRE DE DEMANDOLX-DEDONS    Management    For    For
2.    PROPOSAL TO APPROVE THE FOURTH AMENDMENT TO THE SECOND AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF CAPITAL PRODUCT PARTNERS L.P. TO REVISE THE TARGET DISTRIBUTIONS TO HOLDERS OF INCENTIVE DISTRIBUTION RIGHTS.    Management    Against    Against
3.    PROPOSAL TO APPROVE AN AMENDMENT AND RESTATEMENT OF CAPITAL PRODUCT PARTNERS L.P. 2008 OMNIBUS INCENTIVE COMPENSATION PLAN AMENDED JULY 22, 2010 TO INCREASE THE MAXIMUM NUMBER OF RESTRICTED UNITS AUTHORIZED FOR ISSUANCE THEREUNDER FROM 800,000 TO 1,650,000.    Management    For    For


Salient Midstream & MLP Fund

 

GOLAR LNG PARTNERS LP   
Security    Y2745C102    Meeting Type    Annual
Ticker Symbol    GMLP    Meeting Date    19-Sep-2014
ISIN    MHY2745C1021    Agenda    934063758 - Management

 

Item

  

Proposal

  

Proposed

by

  

Vote

  

For/Against

Management

1    TO ELECT CARL E. STEEN AS A CLASS II DIRECTOR OF THE PARTNERSHIP WHOSE TERM WILL EXPIRE AT THE 2017 ANNUAL MEETING OF LIMITED PARTNERS.    Management    For    For


Salient Midstream & MLP Fund

 

SEADRILL PARTNERS LLC   
Security    Y7545W109    Meeting Type    Annual
Ticker Symbol    SDLP    Meeting Date    26-Sep-2014
ISIN    MHY7545W1093    Agenda    934065788 - Management

 

Item

  

Proposal

  

Proposed

by

  

Vote

  

For/Against

Management

1.    TO ELECT HARALD THORSTEIN AS A CLASS I DIRECTOR OF THE COMPANY WHOSE TERM WILL EXPIRE AT THE 2017 ANNUAL MEETING OF MEMBERS.    Management    For    For


Salient Midstream & MLP Fund

 

DYNAGAS LNG PARTNERS LP   
Security    Y2188B108    Meeting Type    Annual
Ticker Symbol    DLNG    Meeting Date    23-Oct-2014
ISIN    MHY2188B1083    Agenda    934076337 - Management

 

Item

  

Proposal

  

Proposed

by

  

Vote

  

For/Against

Management

1.    DIRECTOR    Management      
  

1       EVANGELOS VLAHOULIS

      For    For
  

2       ALEXIOS RODOPOULOS

      For    For
  

3       LEVON DEDEGIAN

      For    For
2.    TO APPROVE THE APPOINTMENT OF ERNST & YOUNG (HELLAS) CERTIFIED AUDITORS ACCOUNTANTS S.A. AS THE PARTNERSHIP’S INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2014    Management    For    For


Salient Midstream & MLP Fund

 

KINDER MORGAN MANAGEMENT, LLC   
Security    49455U100    Meeting Type    Special
Ticker Symbol    KMR    Meeting Date    20-Nov-2014
ISIN    US49455U1007    Agenda    934091719 - Management

 

Item

  

Proposal

  

Proposed

by

  

Vote

  

For/Against

Management

1.    TO APPROVE THE KMR MERGER AGREEMENT.    Management    Abstain    Against
2.    TO APPROVE THE KMR ADJOURNMENT PROPOSAL.    Management    Abstain    Against
3.    TO APPROVE THE KMP MERGER AGREEMENT.    Management    Abstain    Against
4.    TO APPROVE THE KMP ADJOURNMENT PROPOSAL.    Management    Abstain    Against


Salient Midstream & MLP Fund

 

KINDER MORGAN, INC.   
Security    49456B101    Meeting Type    Special
Ticker Symbol    KMI    Meeting Date    20-Nov-2014
ISIN    US49456B1017    Agenda    934091721 - Management

 

Item

  

Proposal

  

Proposed

by

  

Vote

  

For/Against

Management

1.    TO APPROVE AN AMENDMENT OF THE CERTIFICATE OF INCORPORATION OF KMI TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF CLASS P COMMON STOCK, PAR VALUE $0.01 PER SHARE, OF KMI FROM 2,000,000,000 TO 4,000,000,000.    Management    Abstain    Against
2.    TO APPROVE THE ISSUANCE OF SHARES OF KMI COMMON STOCK IN THE PROPOSED KMP, KMR AND EPB MERGERS.    Management    Abstain    Against
3.    TO APPROVE THE ADJOURNMENT OF THE SPECIAL MEETING, IF NECESSARY TO SOLICIT ADDITIONAL PROXIES IF THERE ARE NOT SUFFICIENT VOTES TO ADOPT THE FOREGOING PROPOSALS AT THE TIME OF THE SPECIAL MEETING.    Management    Abstain    Against


Salient Midstream & MLP Fund

 

NAVIOS MARITIME PARTNERS L.P.
Security    Y62267102    Meeting Type    Annual
Ticker Symbol    NMM    Meeting Date    21-Nov-2014
ISIN    MHY622671029    Agenda    934087102 - Management

 

Item

  

Proposal

  

Proposed

by

  

Vote

  

For/Against

Management

1.    DIRECTOR    Management      
  

1       SERAFEIM KRIEMPARDIS

      For    For
2.    PROPOSAL TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS AS THE COMPANY’S INDEPENDENT PUBLIC ACCOUNTANTS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2014.    Management    For    For


Salient Midstream & MLP Fund

 

MAGELLAN MIDSTREAM PARTNERS, L.P.   
Security    559080106    Meeting Type    Annual
Ticker Symbol    MMP    Meeting Date    23-Apr-2015
ISIN    US5590801065    Agenda    934133086 - Management

 

Item

  

Proposal

  

Proposed

by

  

Vote

  

For/Against

Management

1.    DIRECTOR    Management      
  

1       ROBERT G. CROYLE

      For    For
  

2       STACY P. METHVIN

      For    For
  

3       BARRY R. PEARL

      For    For
2.    ADVISORY RESOLUTION TO APPROVE EXECUTIVE COMPENSATION    Management    For    For
3.    RATIFICATION OF APPOINTMENT OF INDEPENDENT AUDITOR    Management    For    For


Salient Midstream & MLP Fund

 

SPECTRA ENERGY CORP   
Security    847560109    Meeting Type    Annual
Ticker Symbol    SE    Meeting Date    28-Apr-2015
ISIN    US8475601097    Agenda    934141095 - Management

 

Item

  

Proposal

  

Proposed

by

  

Vote

  

For/Against

Management

1A.    ELECTION OF DIRECTOR: GREGORY L. EBEL    Management    For    For
1B.    ELECTION OF DIRECTOR: F. ANTHONY COMPER    Management    For    For
1C.    ELECTION OF DIRECTOR: AUSTIN A. ADAMS    Management    For    For
1D.    ELECTION OF DIRECTOR: JOSEPH ALVARADO    Management    For    For
1E.    ELECTION OF DIRECTOR: PAMELA L. CARTER    Management    For    For
1F.    ELECTION OF DIRECTOR: CLARENCE P. CAZALOT JR    Management    For    For
1G.    ELECTION OF DIRECTOR: PETER B. HAMILTON    Management    For    For
1H.    ELECTION OF DIRECTOR: MIRANDA C. HUBBS    Management    For    For
1I.    ELECTION OF DIRECTOR: MICHAEL MCSHANE    Management    For    For
1J.    ELECTION OF DIRECTOR: MICHAEL G. MORRIS    Management    For    For
1K.    ELECTION OF DIRECTOR: MICHAEL E.J. PHELPS    Management    For    For
2.    RATIFICATION OF THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS SPECTRA ENERGY CORP’S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL YEAR 2015.    Management    For    For
3.    AN ADVISORY RESOLUTION TO APPROVE EXECUTIVE COMPENSATION.    Management    For    For
4.    SHAREHOLDER PROPOSAL CONCERNING DISCLOSURE OF POLITICAL CONTRIBUTIONS.    Shareholder    Against    For
5.    SHAREHOLDER PROPOSAL CONCERNING DISCLOSURE OF LOBBYING ACTIVITIES.    Shareholder    Against    For


Salient Midstream & MLP Fund

 

NRG YIELD, INC.         
Security    62942X108    Meeting Type    Annual
Ticker Symbol    NYLD    Meeting Date    05-May-2015
ISIN    US62942X1081    Agenda    934150107 - Management

 

Item

  

Proposal

  

Proposed

by

  

Vote

  

For/Against

Management

1.    DIRECTOR    Management      
  

1       DAVID CRANE

      Withheld    Against
  

2       JOHN F. CHLEBOWSKI

      For    For
  

3       KIRKLAND B. ANDREWS

      Withheld    Against
  

4       BRIAN R. FORD

      For    For
  

5       MAURICIO GUTIERREZ

      Withheld    Against
  

6       FERRELL P. MCCLEAN

      For    For
  

7       CHRISTOPHER S. SOTOS

      Withheld    Against
2A.    TO APPROVE THE ADOPTION OF AMENDMENTS TO THE COMPANY’S AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO ESTABLISH THE CLASS C COMMON STOCK AND CLASS D COMMON STOCK.    Management    For    For
2B.    TO APPROVE THE ADOPTION OF AMENDMENTS TO THE COMPANY’S AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO EFFECTUATE THE STOCK SPLIT.    Management    For    For
3.    TO APPROVE THE AMENDED AND RESTATED 2013 EQUITY INCENTIVE PLAN.    Management    For    For
4.    TO RATIFY THE APPOINTMENT OF KPMG LLP AS THE COMPANY’S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE 2015 FISCAL YEAR.    Management    For    For


Salient Midstream & MLP Fund

 

KINDER MORGAN, INC.   
Security    49456B101    Meeting Type    Annual
Ticker Symbol    KMI    Meeting Date    07-May-2015
ISIN    US49456B1017    Agenda    934149813 - Management

 

Item

  

Proposal

  

Proposed

by

  

Vote

  

For/Against

Management

1.    DIRECTOR    Management      
  

1       RICHARD D. KINDER

      For    For
  

2       STEVEN J. KEAN

      For    For
  

3       TED A. GARDNER

      For    For
  

4       ANTHONY W. HALL, JR.

      For    For
  

5       GARY L. HULTQUIST

      For    For
  

6       RONALD L. KUEHN, JR.

      For    For
  

7       DEBORAH A. MACDONALD

      For    For
  

8       MICHAEL J. MILLER

      For    For
  

9       MICHAEL C. MORGAN

      For    For
  

10     ARTHUR C. REICHSTETTER

      For    For
  

11     FAYEZ SAROFIM

      For    For
  

12     C. PARK SHAPER

      For    For
  

13     WILLIAM A. SMITH

      For    For
  

14     JOEL V. STAFF

      For    For
  

15     ROBERT F. VAGT

      For    For
  

16     PERRY M. WAUGHTAL

      For    For
2.    APPROVAL OF THE KINDER MORGAN, INC. 2015 AMENDED AND RESTATED STOCK INCENTIVE PLAN.    Management    For    For
3.    APPROVAL OF THE AMENDED AND RESTATED ANNUAL INCENTIVE PLAN OF KINDER MORGAN, INC.    Management    For    For
4.    ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION.    Management    For    For
5.    RATIFICATION OF THE SELECTION OF PRICEWATERHOUSECOOPERS LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2015.    Management    For    For
6.    APPROVAL OF THE AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF KINDER MORGAN, INC.    Management    For    For
7.    STOCKHOLDER PROPOSAL RELATING TO A REPORT ON OUR COMPANY’S RESPONSE TO CLIMATE CHANGE.    Shareholder    Against    For
8.    STOCKHOLDER PROPOSAL RELATING TO A REPORT ON METHANE EMISSIONS.    Shareholder    Against    For
9.    STOCKHOLDER PROPOSAL RELATING TO AN ANNUAL SUSTAINABILITY REPORT.    Shareholder    For    Against


Salient Midstream & MLP Fund

 

BUCKEYE PARTNERS, L.P.   
Security    118230101    Meeting Type    Annual
Ticker Symbol    BPL    Meeting Date    02-Jun-2015
ISIN    US1182301010    Agenda    934192333 - Management

 

Item

  

Proposal

  

Proposed

by

  

Vote

  

For/Against

Management

1.    DIRECTOR    Management      
  

1       PIETER BAKKER

      For    For
  

2       BARBARA M. BAUMANN

      For    For
  

3       MARK C. MCKINLEY

      For    For
  

4       DONALD W. NIEMIEC

      For    For
2.    THE RATIFICATION OF THE SELECTION OF DELOITTE & TOUCHE LLP AS BUCKEYE PARTNERS, L.P.’S INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS FOR 2015.    Management    For    For


Salient Midstream & MLP Fund

 

MARKWEST ENERGY PARTNERS LP   
Security    570759100    Meeting Type    Annual
Ticker Symbol    MWE    Meeting Date    03-Jun-2015
ISIN    US5707591005    Agenda    934199274 - Management

 

Item

  

Proposal

  

Proposed

by

  

Vote

  

For/Against

Management

1.    DIRECTOR    Management      
  

1       FRANK M. SEMPLE

      For    For
  

2       DONALD D. WOLF

      For    For
  

3       MICHAEL L. BEATTY

      For    For
  

4       WILLIAM A BRUCKMANN III

      For    For
  

5       DONALD C. HEPPERMANN

      For    For
  

6       RANDALL J. LARSON

      For    For
  

7       ANNE E. FOX MOUNSEY

      For    For
  

8       WILLIAM P. NICOLETTI

      For    For
2.    RATIFICATION OF DELOITTE & TOUCHE LLP AS THE PARTNERSHIP’S INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2015.    Management    For    For


SIGNATURES

Pursuant to the requirements of the Investment Company Act of 1940, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Registrant:  

Salient Midstream & MLP Fund

By:  

/s/ Greg A. Reid

  Greg A. Reid
  President and Chief Executive Officer
Date:  

August 13, 2015