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GER (Goldman Sachs MLP and Energy Renaissance Fund) is no longer actively trading.
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Administered by Goldman Sachs Asset Management, L.P., the Goldman Sachs MLP and Energy Renaissance Fund operates as a closed-end equity mutual fund. This fund primarily targets public stock markets within the United States, seeking out companies active in the energy industry. Its investment focus largely centers on growth equities belonging to Master Limited Partnerships (MLPs) and other affiliated energy businesses. These investments span across all market capitalization ranges, though there is a particular emphasis on midstream MLP assets. Portfolio construction involves a diligent process…
NEW YORK--(BUSINESS WIRE)--Goldman Sachs Asset Management is announcing the final liquidating distribution of $0.291 per common share of the Goldman Sachs MLP and Energy Renaissance Fund (the “Fund”). Pursuant to the Fund's Plan of Liquidation and Dissolution previously announced on June 7, 2023, shareholders of the Fund as of the close of business on July 10, 2023 will be entitled to receive the liquidating distribution. The liquidating distribution will be paid entirely in cash and will repre.
GER to liquidate, voluntarily (!). Saba had a position, but was otherwise uninvolved. However, current alpha potential is slim.
NEW YORK--(BUSINESS WIRE)--Goldman Sachs MLP and Energy Renaissance Fund (the “Fund”) (NYSE: GER) today announced additional details regarding the liquidation of the Fund. Pursuant to the Fund's Plan of Liquidation and Dissolution previously announced, the Fund has fixed the close of business on July 10, 2023 (the “Liquidation Date”) as the effective date for determining the shareholders of the Fund that will be entitled to receive liquidating distributions. The Fund's last day of trading on th.
NEW YORK--(BUSINESS WIRE)--Goldman Sachs Asset Management (“GSAM”), investment adviser for the Goldman Sachs MLP and Energy Renaissance Fund (the “Fund”) (NYSE: GER), announced today that the Fund's Board of Trustees, at the recommendation of GSAM, has approved a plan of liquidation and dissolution (the “Plan”) for the Fund. Under the Plan, which is effective today, the Fund will begin the process of liquidating portfolio assets and unwinding its affairs in an orderly fashion over time. The Pla.
NEW YORK--(BUSINESS WIRE)--Goldman Sachs MLP and Energy Renaissance Fund (the “Fund”) (NYSE: GER) is announcing its quarterly distribution of $0.240 per common share, which represents a 9% increase over the distribution amount for the previous quarter. The distribution is payable on the date noted below. The distribution schedule is as follows: Ex-Date: May 22, 2023 Record Date: Payable Date: Amount: It is currently anticipated that a portion of this distribution will be treated for tax purposes as a return of capital, however, the final characterization of such distribution will be made in 2023 when the Fund can determine its earnings and profits for the full year. The final tax status of the distribution may differ substantially from this preliminary information. “The Fund’s investment income per share has continued to grow as both increasing cashflow receipts from its investment portfolio as well the previously announced share repurchases have been accretive to investment income per share. As we remain committed to returning the majority of that investment income to shareholders we are increasing our dividend this quarter by 9% to $0.24,” said lead Portfolio Manager Kyri Loupis. In addition, portfolio holdings as of March 31, 2023, as well as additional information regarding the Fund, can be accessed through the Goldman Sachs Asset Management Closed-End Fund landing page at www.GSAMFUNDS.com/cef. Goldman Sachs MLP and Energy Renaissance Fund Goldman Sachs MLP and Energy Renaissance Fund is a non-diversified, closed-end management investment company managed by Goldman Sachs Asset Management’s Energy & Infrastructure Team, which is among the industry’s largest MLP investment groups. The Fund began trading on the NYSE on September 26, 2014. The Fund seeks a high level of total return with an emphasis on current distributions to shareholders. The Fund invests primarily in master limited partnerships (“MLPs”) and other energy investments. The Fund currently expects to concentrate its investments in the energy sector, with an emphasis on midstream MLP investments. The Fund invests across the energy value chain, including upstream, midstream and downstream investments. About Goldman Sachs Asset Management, L.P. Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investing area within Goldman Sachs (NYSE: GS), we deliver investment and advisory services for the world’s leading institutions, financial advisors and individuals, drawing from our deeply connected global network and tailored expert insights, across every region and market – overseeing more than $2 trillion in assets under supervision worldwide as of March 31, 20231. Driven by a passion for our clients’ performance, we seek to build long-term relationships based on conviction, sustainable outcomes, and shared success over time. Follow us on LinkedIn. Disclosures Shares of closed-end investment companies frequently trade at a discount from their net asset value (“NAV”), which may increase investors’ risk of loss. At the time of sale, an investor’s shares may have a market price that is above or below NAV, and may be worth more or less than the original investment. There is no assurance that the Fund will meet its investment objective. Past performance does not guarantee future results. Investments in securities of MLPs involve risks that differ from investments in common stock, including among others risks related to limited control and limited rights to vote on matters affecting MLPs, potential conflicts of interest risk, cash flow risks, dilution risks and trading risks. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any security. The Fund has completed its initial public offering. Investors should consider their investment goals, time horizons and risk tolerance before investing in the Fund. An investment in the Fund is not appropriate for all investors, and the Fund is not intended to be a complete investment program. Investors should carefully review and consider the Fund’s investment objective, risks, charges and expenses before investing. Compliance Code: 317870.OTU Date of First Use: May 12, 2023 1 Assets Under Supervision (AUS) includes assets under management and other client assets for which Goldman Sachs does not have full discretion. AUS figure as of March 31, 2023.