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

Rhea-AI Summary

The Goldman Sachs MLP and Energy Renaissance Fund (NYSE: GER) announced a quarterly distribution of $0.175 per common share, payable on February 28, 2022. The distribution reflects improving market fundamentals and the Fund's cash flow generation. The ex-date is February 22, 2022, and the record date is February 23, 2022. A portion of this distribution may be treated as a return of capital for tax purposes. The Fund focuses primarily on master limited partnerships in the energy sector, aiming for high total returns and current distributions.

Positive

• Quarterly distribution increased to $0.175 per share, indicating strong cash flow generation.
• The fund's investment strategy emphasizes midstream MLP investments, aligning with market recovery.

Negative

• Tax treatment of distribution as a return of capital could potentially affect future distributions.

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.

“Similar to our previous dividend increase, we believe this increased payout to be representative of both the market’s improving fundamentals as well as the Fund’s cash flow generation. We appreciate our investors’ continued ownership in the Fund and as always continue to evaluate all ways to best maximize shareholder value going forward,” remarked Portfolio Manager Kyri Loupis.

The distribution schedule is as follows:

Ex-Date:			February 22, 2022
Record Date:			February 23, 2022
Payable Date:			February 28, 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 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, 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 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.

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.

Compliance Code: 267902-OTU

Date of First Use: February 11, 2022

View source version on businesswire.com: https://www.businesswire.com/news/home/20220211005330/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

When is the Goldman Sachs MLP and Energy Renaissance Fund's ex-date for the quarterly distribution?

The ex-date is February 22, 2022.

What will be the distribution amount per share for NYSE: GER in February 2022?

The distribution amount is $0.175 per share.

What is the record date for the Goldman Sachs MLP and Energy Renaissance Fund's distribution?

The record date is February 23, 2022.

When will the payment be made for the Goldman Sachs MLP and Energy Renaissance Fund's distribution?

The payment will be made on February 28, 2022.

What type of investments does the Goldman Sachs MLP and Energy Renaissance Fund primarily focus on?

The Fund primarily focuses on master limited partnerships in the energy sector.