Salient Midstream & MLP Fund (NYSE: SMM) reported its unaudited Net Asset Value (NAV) as of September 30, 2020. The Fund's total assets were $107.6 million with an NAV per share of $4.95, while shares closed at $3.50, indicating a 29.3% discount to NAV. September returns were -11.6% for NAV and -14.2% for market price, compared to -11.2% for the Alerian Midstream Energy Select Index. The Fund's top holdings include EMG Utica and Enbridge, with respective asset allocations of 15.6% and 8.3%.
As of August 31, 2020, Salient Midstream & MLP Fund (NYSE: SMM) reported total assets of $127.4 million with a net asset value (NAV) of $5.60 per share, which shows a 27.1% discount compared to the closing share price of $4.08. The Fund achieved total returns of 3.3% for NAV and 4.3% for market price during August 2020, outpacing the Alerian Midstream Energy Select Index's return of 2.8%. The Fund had 17.7 million shares outstanding, with net assets totaling $99.2 million.
Salient Midstream & MLP Fund (SMM) announced a third-quarter dividend of $0.06 per share, payable on August 28, 2020, to shareholders of record on August 18, 2020. As of July 31, 2020, the Fund's total assets stood at $129.2 million, with a net asset value (NAV) per share of $5.50, reflecting a 27.8% discount to its closing share price of $3.97. The Fund's NAV and market price total returns for July were -0.4% and -3.9%, respectively.
On July 8, 2020, the Salient Midstream & MLP Fund (NYSE: SMM) reported its unaudited Net Asset Value (NAV) as of June 30, 2020. The total assets were $129.8 million, with an NAV per share of $5.52. The fund's shares closed at $4.13, representing a 25.2% discount to NAV. In June 2020, the NAV and market price returns were -4.0% and -8.6%, respectively, compared to a -3.0% decline in the Alerian Midstream Energy Select Index. As of June 30, 2020, the fund had 17.7 million common shares outstanding.