Goldman Sachs MLP and Energy Renaissance Fund Announces Quarterly Distribution of $0.165 Per Share

Rhea-AI Summary

The Goldman Sachs MLP and Energy Renaissance Fund (NYSE: GER) has announced a quarterly distribution of $0.165 per common share. Key dates include the Ex-Date on November 22, 2021, Record Date on November 23, 2021, and Payable Date on November 30, 2021. A portion may be treated as a return of capital for tax purposes, with final characterization expected in early 2022. The Fund focuses on high total returns, primarily investing in master limited partnerships in the energy sector.

Positive

• Quarterly distribution of $0.165 per share.
• Managed by a reputable team within Goldman Sachs Asset Management.
• Focus on high total returns with emphasis on current distributions.

Negative

• Final tax characterization of the distribution may differ from preliminary information.
• Investments in MLPs involve risks, including dilution and cash flow risks.

NEW YORK--(BUSINESS WIRE)-- Goldman Sachs MLP and Energy Renaissance Fund (the “Fund”) (NYSE: GER) is announcing its quarterly distribution of $0.165 per common share. The distribution is payable on the date noted below.

The distribution schedule is as follows:

Ex-Date: November 22, 2021
Record Date: November 23, 2021
Payable Date: November 30, 2021
Amount: $0.165 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 September 30, 2021, 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 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.

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 September 30, 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.

¹Assets Under Supervision (AUS) includes assets under management and other client assets for which Goldman Sachs does not have full discretion. AUS figure as of September 30, 2021.

Compliance Code: 259046-OTU

Date of First Use: November 12, 2021

View source version on businesswire.com: https://www.businesswire.com/news/home/20211112005377/en/

Media:

Avery Reed Tel: 212-357-0125

Investors:

Charles Sturges Tel: 212-902-7996

Source: Goldman Sachs MLP and Energy Renaissance Fund

FAQ

What is the distribution amount for Goldman Sachs MLP and Energy Renaissance Fund (GER) in Q4 2021?

The distribution amount is $0.165 per common share.

When will Goldman Sachs MLP and Energy Renaissance Fund (GER) distribute its Q4 2021 payment?

The payment will be made on November 30, 2021.

What are the key dates for the Goldman Sachs MLP and Energy Renaissance Fund (GER) Q4 2021 distribution?

Key dates are Ex-Date: November 22, 2021, Record Date: November 23, 2021, Payable Date: November 30, 2021.

What is the anticipated tax treatment for the Q4 2021 distribution of Goldman Sachs MLP and Energy Renaissance Fund (GER)?

A portion of the distribution is expected to be treated as a return of capital, with final characterization determined in early 2022.