Goldman Sachs MLP and Energy Renaissance Fund Announces Quarterly Distribution of $0.165 Per Share
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.
“We believe this increased level of 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 will 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: |
May 21, 2021 |
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Record Date: |
May 24, 2021 |
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Payable Date: |
May 28, 2021 |
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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 March 31, 2021, as well as additional information regarding the 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 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.