Goldman Sachs MLP and Energy Renaissance Fund Announces Quarterly Distribution of $0.175 Per Share

Rhea-AI Summary

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.

Positive

• Quarterly distribution of $0.175 per share indicates ongoing return to shareholders.
• Focus on master limited partnerships could attract investors interested in energy sector.

Negative

• Potential classification of a portion of the distribution as return of capital may imply reduced earnings.
• Shares may trade at a discount to net asset value (NAV), increasing investor risk.

NEW YORK--(BUSINESS WIRE)-- Goldman Sachs MLP and Energy Renaissance Fund (the “Fund”) (NYSE: GER) is announcing its quarterly distribution of $0.175 per common share. The distribution is payable on the date noted below.

The distribution schedule is as follows:

Ex-Date:		August 22, 2022
Record Date:		August 23, 2022
Payable Date:		August 31, 2022
Amount:		$0.175 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 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.

In addition, portfolio holdings as of June 30, 2022, 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 $2.27 trillion in assets under supervision worldwide as of June 30, 2022¹. 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 June 30, 2022.

Compliance Code: 287520-OTU

Date of First Use: August 12, 2022

View source version on businesswire.com: https://www.businesswire.com/news/home/20220812005068/en/

Media Contact:

Avery Reed

Tel: 212-357-0125



Investor Contact:

Charles Sturges

Tel: 212-902-7996

Source: Goldman Sachs MLP and Energy Renaissance Fund

FAQ

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

The quarterly distribution amount is $0.175 per common share.

When is the payable date for the Goldman Sachs MLP and Energy Renaissance Fund (GER) distribution?

The payable date for the distribution is August 31, 2022.

What are the ex-date and record date for the Goldman Sachs MLP and Energy Renaissance Fund (GER)?

The ex-date is August 22, 2022, and the record date is August 23, 2022.

Will a portion of the distribution for Goldman Sachs MLP and Energy Renaissance Fund (GER) be treated as a return of capital?

Yes, a portion may be treated as a return of capital, but the final characterization will be determined in early 2023.