Goldman Sachs MLP and Energy Renaissance Fund Announces Quarterly Distribution of $0.16 Per Share
May 05 2017 - 9:25AM
Business Wire
Goldman Sachs MLP and Energy Renaissance Fund (the
“Fund”) (NYSE: GER) is pleased to announce its quarterly
distribution of $0.16 per common share, the same as the previous
quarter. The distribution is payable on the date noted below.
The distribution schedule is as follows:
Ex-Date: May 17, 2017 Record Date: May 19,
2017 Payable Date: May 26, 2017 Amount: $0.16 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 2018 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 March 31, 2017, as well as
additional information regarding each Fund, can be accessed through
the GSAM 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 (“GSAM’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 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.
GSAM is the asset management arm of The Goldman Sachs Group,
Inc. (NYSE: GS) and supervises $1.17 trillion as of March 31,
2017.1 GSAM has been providing discretionary investment advisory
services since 1988 and has investment professionals in all major
financial centers around the world. The company offers investment
strategies across a broad range of asset classes to institutional
and individual clients globally. Founded in 1869, Goldman Sachs is
a leading global investment banking, securities and investment
management firm that provides a wide range of financial services to
a substantial and diversified client base that includes
corporations, financial institutions, governments and
high-net-worth individuals.
1Assets Under Supervision (AUS) includes assets under management
and other client assets for which Goldman Sachs does not have full
discretion.
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.
Compliance Code: 90678 GSF 175
Date of First Use: May 5, 2017
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version on businesswire.com: http://www.businesswire.com/news/home/20170505005107/en/
For Goldman Sachs MLP and Energy Renaissance FundMedia:Andrew
Williams, 212-357-0005Investors:Immanuel Tan, 917-343-3375
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