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Goldman Sachs MLP and Energy Renaissance Fund - GER STOCK NEWS

Welcome to our dedicated page for Goldman Sachs MLP and Energy Renaissance Fund news (Ticker: GER), a resource for investors and traders seeking the latest updates and insights on Goldman Sachs MLP and Energy Renaissance Fund stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Goldman Sachs MLP and Energy Renaissance Fund's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Goldman Sachs MLP and Energy Renaissance Fund's position in the market.

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.

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Rhea-AI Summary

Goldman Sachs Asset Management reported the outcomes of the Special Joint Meeting of Shareholders for the Goldman Sachs MLP and Energy Renaissance Fund (GER) and Goldman Sachs ETF Trust. Shareholders elected five new trustees to the Board of Goldman Sachs ETF Trust and four trustees to the Goldman Sachs MLP and Energy Renaissance Fund. The funds manage over $2 trillion in assets globally as of September 30, 2021. Shareholders should consider investment goals and risks associated with the funds.

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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.

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Goldman Sachs MLP and Energy Renaissance Fund (NYSE: GER) has announced a quarterly distribution of $0.165 per common share, scheduled for payment on August 31, 2021. Key dates include the ex-date on August 24 and record date on August 25. A portion of this distribution may be classified as a return of capital for tax purposes, with final details to be disclosed in early 2022.

The Fund primarily invests in master limited partnerships (MLPs) and other energy assets, focusing on midstream investments in the energy sector.

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-0.65%
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Goldman Sachs MLP and Energy Renaissance Fund (GER) has announced a quarterly distribution of $0.165 per common share, payable on May 28, 2021. The fund's portfolio manager, Kyri Loupis, stated that this increase reflects the improving market fundamentals and the fund's cash flow generation. The distribution is expected to include a portion treated as a return of capital for tax purposes, with final characterization pending in early 2022. The fund, managed by GSAM’s Energy & Infrastructure Team, focuses on MLPs and energy sector investments.

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4.28%
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Goldman Sachs Asset Management announced the results of the Fund’s annual shareholder meeting, where Lawrence W. Stranghoener was elected as the new Class III Trustee. The Fund focuses on high total returns and current distributions, primarily investing in MLPs and energy sector assets, particularly midstream MLPs. It has been trading on the NYSE since September 26, 2014. The press release also highlights risks associated with investing in closed-end investment companies, including potential trading discounts and various investment risks.

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2.26%
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Goldman Sachs MLP and Energy Renaissance Fund (GER) has announced a quarterly distribution of $0.155 per common share, payable as of February 26, 2021. The ex-date is February 19, 2021, while the record date is February 22, 2021. A portion of this distribution may be regarded as a return of capital for tax purposes, with final characterizations expected in early 2022. The Fund focuses on investments in master limited partnerships and the broader energy sector, aiming to deliver high total returns with an emphasis on current distributions.

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1.9%
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Goldman Sachs Asset Management announced a share repurchase program for the Goldman Sachs MLP and Energy Renaissance Fund (NYSE: GER), set to run from January 2, 2021, to December 31, 2021. The Fund aims to buy back up to $10 million of its common shares when trading at a discount of over 10% to net asset value (NAV). This strategy is intended to enhance shareholder value and potentially increase both NAV and Net Investment Income per share. Portfolio Manager Kyri Loupis emphasized that the buyback program is viewed as the best method to deliver value to shareholders.

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4.6%
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Rhea-AI Summary

Goldman Sachs Asset Management will hold a conference call on December 3, 2020, at 4:15 PM EST for the Goldman Sachs MLP and Energy Renaissance Fund (GER). The call features insights from Kyri Loupis, Head of Energy Infrastructure, alongside Portfolio Managers Ganesh Jois and Matthew Cooper. They will discuss the U.S. energy sector's market environment and the fund's investment strategy. Investors can access the live webcast through GSAM's website or dial in at 888-668-1636 using Conference ID: 2202639.

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-0.78%
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Rhea-AI Summary

Goldman Sachs MLP and Energy Renaissance Fund (GER) has announced a quarterly distribution of $0.155 per common share. The distribution will be payable on November 30, 2020, with an ex-date of November 20, 2020 and record date of November 23, 2020. A portion of this distribution may be treated as a return of capital for tax purposes, with final characterization expected in early 2021. The Fund primarily invests in master limited partnerships and aims for high total return focusing on current distributions.

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Rhea-AI Sentiment
End-of-Day
-0.78%
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FAQ

What is the market cap of Goldman Sachs MLP and Energy Renaissance Fund (GER)?

The market cap of Goldman Sachs MLP and Energy Renaissance Fund (GER) is approximately 240.0M.

Goldman Sachs MLP and Energy Renaissance Fund

NYSE:GER

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GER Stock Data

239.99M
Bituminous Coal and Lignite Surface Mining
Mining, Quarrying, and Oil and Gas Extraction
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