Center Coast MLP & Infrastructure Fund Announces Private Placement of $50 Million of Mandatory Redeemable Preferred Shares

HOUSTON, Sept. 22, 2016

Net proceeds from the offering will be used to invest in additional MLP and energy infrastructure assets, refinance existing leverage and for general corporate purposes.

The MRP Shares have not been registered under the Securities Act of 1933 (the Securities Act) or any state securities laws. Unless so registered, no MRP Shares may be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws. This press release is neither an offer to sell nor a solicitation of an offer to buy any of these securities.

About Center Coast Capital Advisors, LP

Center Coast Capital Advisors, LP ("Center Coast") serves as the Fund's investment advisor and is responsible for the management of the Fund. Center Coast is a registered investment advisor headquartered in Houston, Texas focused on energy infrastructure investments. Center Coast combines the expertise of midstream and energy infrastructure operators and financial and investment professionals. The Lead Portfolio Managers of the Fund are Dan Tutcher, Rob Chisholm and Jeff Jorgensen. As of August 31, 2016 Center Coast managed approximately $3.8 billion in assets under management.

About the Center Coast MLP & Infrastructure Fund

The Fund is a non-diversified closed-end management investment company. The Fund's investment objective is to provide a high level of total return with an emphasis on distributions to shareholders. The "total return" sought by the Fund includes appreciation in the net asset value of the Fund's common shares and all distributions made by the Fund to its common shareholders, regardless of the tax characterization of such distributions, including distributions characterized as return of capital. The Fund seeks to achieve its investment objective by investing primarily in a portfolio of MLPs and energy infrastructure companies. Under normal market conditions, the Fund will invest at least 80% of its Managed Assets (net assets plus any assets attributable to financial leverage) in securities of MLPs and energy infrastructure companies. The Fund may invest up to 20% of its Managed Assets in unregistered or restricted securities, including securities issued by private companies. The Fund utilizes leverage as part of its investment strategy. There is no assurance that the Fund will achieve its investment objective.