Goldman Sachs MLP and Energy Renaissance Fund Announces Quarterly Distribution of $0.155 Per Share
12 Febbraio 2021 - 10:15PM
Business Wire
Goldman Sachs MLP and Energy Renaissance Fund (the “Fund”)
(NYSE: GER) is announcing its quarterly distribution of $0.155
per common share. The distribution is payable on the date noted
below.
The distribution schedule is as follows:
Ex-Date:
February 19, 2021
Record Date:
February 22, 2021
Payable Date:
February 26, 2021
Amount:
$0.155 per share
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
early 2022 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.
In addition, portfolio holdings as of December 31, 2020, as well
as additional information regarding the Fund, can be accessed
through the GSAM 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 (“GSAM’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 reorganization of the Goldman Sachs MLP Income
Opportunities Fund with and into the Fund was completed on
September 28, 2020. The investment objective, strategies and
restrictions of the Fund remain unchanged. 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.
GSAM is the asset management arm of The Goldman Sachs Group,
Inc. (NYSE: GS) and supervises $1.95 trillion as of December 31,
2020.1 GSAM has been providing discretionary investment advisory
services since 1988 and has investment professionals in all major
financial centers around the world. The company offers investment
strategies across a broad range of asset classes to institutional
and individual clients globally. Founded in 1869, Goldman Sachs is
a leading global investment banking, securities and investment
management firm that provides a wide range of financial services to
a substantial and diversified client base that includes
corporations, financial institutions, governments and
high-net-worth individuals.
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.
1 Assets Under Supervision (AUS) includes assets under
management and other client assets for which Goldman Sachs does not
have full discretion.
Compliance Code: 230424-OTU Date of First Use: February 12,
2021
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version on businesswire.com: https://www.businesswire.com/news/home/20210212005359/en/
Media Contact: Patrick Scanlan Tel: 212-902-6164
Investor Contact: Charles Sturges Tel: 212-902-7996
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