Goldman Sachs MLP and Energy Renaissance Fund - GER STOCK NEWS

Goldman Sachs Asset Management has announced a plan of liquidation and dissolution for the Goldman Sachs MLP and Energy Renaissance Fund. The Fund will begin the process of liquidating portfolio assets and unwinding its affairs over time. The liquidation is not subject to shareholder approval. The Fund's co-chief investment officer stated that liquidating the Fund was the best path forward to realize value for shareholders. The Fund has taken steps to reduce its discount to net asset value in the last three years. Additional information about the liquidation will be released in advance.

Goldman Sachs Asset Management reported the outcomes of the Goldman Sachs MLP and Energy Renaissance Fund’s annual shareholder meeting, held on March 23, 2023. Shareholders elected Linda A. Lang and James A. McNamara as Class II Trustees. The Fund focuses on generating high total returns with significant emphasis on current distributions, primarily investing in midstream MLP and energy sector assets. The Fund trades on the NYSE since September 26, 2014, and as of December 31, 2022, Goldman Sachs Asset Management oversees over $2 trillion in assets. Investors are reminded of risks related to potential NAV discounts and other investment risks.

The Goldman Sachs MLP and Energy Renaissance Fund (NYSE: GER) has announced a quarterly distribution of $0.220 per common share, a 10% increase from the previous quarter. This distribution is payable on February 28, 2023, with the ex-date on February 21 and record date on February 22. A portion of this distribution may be treated as a return of capital for tax purposes, with final determinations made in 2023. Portfolio Manager Kyri Loupis emphasized the commitment to return income to shareholders. The Fund focuses on master limited partnerships and energy investments, seeking high total returns.

Goldman Sachs MLP and Energy Renaissance Fund (GER) announced a quarterly distribution of $0.200 per common share, marking a 14% increase from the previous quarter. This distribution is payable on November 30, 2022. Additionally, the Fund's Board of Trustees approved a $10 million share repurchase program effective November 10, 2022, aimed at enhancing shareholder value by purchasing shares trading at a discount to net asset value (NAV). The Fund intends to return capital to investors through these initiatives.

Goldman Sachs MLP and Energy Renaissance Fund (NYSE: GER) has announced a quarterly distribution of $0.175 per common share, scheduled for payment on August 31, 2022. The ex-date is August 22, 2022, and the record date is August 23, 2022. A portion of this distribution may be classified as a return of capital for tax purposes, with the final characterization expected in early 2023. The Fund focuses on investments in master limited partnerships (MLPs) and energy-related assets across various sectors.

Goldman Sachs MLP and Energy Renaissance Fund (NYSE: GER) has announced a quarterly distribution of $0.175 per common share, payable on May 31, 2022. The ex-date for this distribution is May 23, 2022, and the record date is May 24, 2022. A portion of this distribution may be treated as a return of capital for tax purposes, with final characterization determined in early 2023. The Fund, managed by Goldman Sachs Asset Management, primarily invests in master limited partnerships and focuses on the energy sector.

Goldman Sachs Asset Management has announced a share repurchase program for the Goldman Sachs MLP and Energy Renaissance Fund (GER), effective from May 15, 2022, to April 30, 2023. The Fund plans to buy back up to $10 million of its shares if they trade at more than a 10% discount to their net asset value (NAV). This initiative aims to enhance shareholder value and improve NAV and Net Investment Income per share. The repurchase program follows SEC rules and will be disclosed in shareholder reports.

Goldman Sachs Asset Management announced the outcomes from the annual shareholder meeting for the Goldman Sachs MLP and Energy Renaissance Fund (GER). Shareholders elected three Class I Trustees: Cheryl K. Beebe, Lawrence Hughes, and Michael Latham. The closed-end fund focuses on achieving high total returns, primarily investing in midstream MLPs and other energy-related sectors. As of December 31, 2021, Goldman Sachs manages over $2 trillion in assets worldwide, underscoring its significant influence in the investment landscape.