Goldman Sachs Asset Management Closed-End Fund Announces Results of Annual Shareholder Meeting

Rhea-AI Summary

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.

Positive

• Successful election of three qualified Class I Trustees.
• Goldman Sachs MLP and Energy Renaissance Fund continues to focus on high total returns from midstream MLP investments.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Goldman Sachs Asset Management, investment adviser for the Goldman Sachs MLP and Energy Renaissance Fund (GER) (the “Fund”), announced the results from the Fund’s annual shareholder meeting held today.

Election of Trustees

Shareholders of the Fund elected three Class I Trustees, Cheryl K. Beebe, Lawrence Hughes, and Michael Latham.

For additional information, please visit the Fund’s website 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 master limited partnerships (“MLPs”) 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 “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 December 31, 2021¹. 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.

For additional information, please visit the Fund’s website at www.GSAMFUNDS.com/cef.

© 2022 Goldman Sachs. All rights reserved. 
Compliance code: 273552. OTU 
Date of first use: 3/24/2022

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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 December 31, 2021.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220324005980/en/

Media Contact:

Avery Reed

Tel: 212-357-0125



Investor Contact:

Charles Sturges

Tel: 212-902-7996

Source: Goldman Sachs Asset Management

FAQ

What were the results of the Goldman Sachs MLP and Energy Renaissance Fund shareholder meeting?

The shareholder meeting resulted in the election of three Class I Trustees: Cheryl K. Beebe, Lawrence Hughes, and Michael Latham.

What is the investment focus of the Goldman Sachs MLP and Energy Renaissance Fund (GER)?

The Fund primarily invests in midstream MLPs and other energy-related investments, aiming for high total returns.

When did the Goldman Sachs MLP and Energy Renaissance Fund begin trading?

The Fund began trading on the NYSE on September 26, 2014.

Who manages the Goldman Sachs MLP and Energy Renaissance Fund?

The Fund is managed by Goldman Sachs Asset Management, specifically by its Energy & Infrastructure Team.

What risks are associated with investing in the Goldman Sachs MLP and Energy Renaissance Fund?

Investors should be aware of risks such as cash flow risks, dilution risks, and trading risks inherent to MLP investments.