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    Goldman Sachs MLP and Energy Renaissance Fund (GER)

    Price:

    15.67 USD

    ( - -0.05 USD)

    Your position:

    0 USD

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    ABOUT
    Symbol
    GER
    Name
    Goldman Sachs MLP and Energy Renaissance Fund
    Industry
    Asset Management
    Sector
    Financial Services
    Price
    15.670
    Market Cap
    239.989M
    Enterprise value
    146.292M
    Currency
    USD
    Ceo
    Kyri Loupis
    Full Time Employees
    Ipo Date
    2014-09-26
    City
    New York City
    Address
    200 West Street

    Check the

    KEY TAKEAWAYS

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    SIMILAR COMPANIES STI SCORE

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    Industry
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    Market Cap
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    Industry
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    Symbol
    EMO
    Market Cap
    810.054M
    Industry
    Asset Management
    Sector
    Financial Services
    FUNDAMENTALS
    P/E
    1.802
    P/S
    3.095
    P/B
    0.534
    Debt/Equity
    0.106
    EV/FCF
    14.998
    Price to operating cash flow
    -1.000
    Price to free cash flow
    -1.000
    EV/sales
    3.433
    Earnings yield
    0.555
    Debt/assets
    0.096
    FUNDAMENTALS
    Net debt/ebidta
    0
    Interest coverage
    113.929
    Research And Developement To Revenue
    0
    Intangile to total assets
    0
    Capex to operating cash flow
    0
    Capex to revenue
    0
    Capex to depreciation
    0
    Return on tangible assets
    0.266
    Debt to market cap
    0.115
    Piotroski Score
    3.000
    FUNDAMENTALS
    PEG
    0.018
    P/CF
    7.771
    P/FCF
    13.520
    RoA %
    26.646
    RoIC %
    27.035
    Gross Profit Margin %
    100.000
    Quick Ratio
    3.467
    Current Ratio
    3.467
    Net Profit Margin %
    98.738
    Net-Net
    -3.114
    FUNDAMENTALS PER SHARE
    FCF per share
    2.017
    Revenue per share
    8.809
    Net income per share
    8.698
    Operating cash flow per share
    2.017
    Free cash flow per share
    2.017
    Cash per share
    0.145
    Book value per share
    29.361
    Tangible book value per share
    29.361
    Shareholders equity per share
    29.361
    Interest debt per share
    3.201
    TECHNICAL
    52 weeks high
    16.080
    52 weeks low
    12.060
    Current trading session High
    15.710
    Current trading session Low
    15.650
    DIVIDEND
    Dividend yield
    0.00%
    Payout ratio
    29.4%
    Years of div. Increase
    0
    Years of div.
    0
    Q-shift
    Dividend per share
    0
    SIMILAR COMPANIES
    logo

    Country
    US
    Sector
    Financial Services
    Industry
    Asset Management - Income
    Dividend yield
    0%
    Payout Ratio
    574.3596%
    P/E
    117.875

    No data to display

    logo

    Country
    US
    Sector
    Financial Services
    Industry
    Asset Management
    Dividend yield
    0%
    Payout Ratio
    146.80724999999998%
    P/E
    24.971

    No data to display

    logo

    Country
    US
    Sector
    Financial Services
    Industry
    Asset Management
    Dividend yield
    0%
    Payout Ratio
    54.878009999999996%
    P/E
    13.234

    No data to display

    logo

    Country
    US
    Sector
    Financial Services
    Industry
    Asset Management
    Dividend yield
    0%
    Payout Ratio
    234.59148000000002%
    P/E
    39.099

    No data to display

    logo

    Country
    US
    Sector
    Financial Services
    Industry
    Asset Management - Income
    Dividend yield
    0.04627404%
    Payout Ratio
    98.139906%
    P/E
    12.372

    No data to display

    logo

    Country
    US
    Sector
    Financial Services
    Industry
    Asset Management - Income
    Dividend yield
    0.080462426%
    Payout Ratio
    0%
    P/E
    8.477
    logo

    Country
    US
    Sector
    Financial Services
    Industry
    Asset Management
    Dividend yield
    0%
    Payout Ratio
    12.142989%
    P/E
    4.182

    No data to display

    DESCRIPTION

    Goldman Sachs MLP and Energy Renaissance Fund is a closed-ended equity mutual fund launched and managed by Goldman Sachs Asset Management, L.P. The fund invests in public equity markets of the United States. It seeks to invest in stocks of companies operating in the energy sector. The fund primarily invests in growth stocks of Master Limited Partnerships and related energy companies across all market capitalizations, with a focus on midstream MLP investments. It employs fundamental and quantitative analysis with a bottom-up stock selection approach to create its portfolio. The fund benchmarks the performance of its portfolio against the Alerian MLP Index Total Return. Goldman Sachs MLP and Energy Renaissance Fund was formed on September 26, 2014 and is domiciled in the United States.

    NEWS
    https://images.financialmodelingprep.com/news/goldman-sachs-asset-management-announces-final-liquidating-distribution-of-20250530.jpg
    Goldman Sachs Asset Management Announces Final Liquidating Distribution of $0.291 Per Share for Goldman Sachs MLP and Energy Renaissance Fund

    businesswire.com

    2025-05-30 16:30:00

    NEW YORK--(BUSINESS WIRE)--Goldman Sachs Asset Management is announcing the final liquidating distribution of $0.291 per common share of the Goldman Sachs MLP and Energy Renaissance Fund (the “Fund”). Pursuant to the Fund's Plan of Liquidation and Dissolution previously announced on June 7, 2023, shareholders of the Fund as of the close of business on July 10, 2023 will be entitled to receive the liquidating distribution. The liquidating distribution will be paid entirely in cash and will repre.

    https://images.financialmodelingprep.com/news/ger-to-liquidate-voluntarily-20230704.jpg
    GER To Liquidate, Voluntarily

    seekingalpha.com

    2023-07-04 05:45:32

    GER to liquidate, voluntarily (!). Saba had a position, but was otherwise uninvolved. However, current alpha potential is slim.

    https://images.financialmodelingprep.com/news/goldman-sachs-asset-management-announces-liquidation-details-for-goldman-sachs-20230616.jpg
    Goldman Sachs Asset Management Announces Liquidation Details for Goldman Sachs MLP and Energy Renaissance Fund

    businesswire.com

    2023-06-16 09:11:00

    NEW YORK--(BUSINESS WIRE)--Goldman Sachs MLP and Energy Renaissance Fund (the “Fund”) (NYSE: GER) today announced additional details regarding the liquidation of the Fund. Pursuant to the Fund's Plan of Liquidation and Dissolution previously announced, the Fund has fixed the close of business on July 10, 2023 (the “Liquidation Date”) as the effective date for determining the shareholders of the Fund that will be entitled to receive liquidating distributions. The Fund's last day of trading on th.

    https://images.financialmodelingprep.com/news/goldman-sachs-asset-management-announces-liquidation-of-goldman-sachs-20230607.jpg
    Goldman Sachs Asset Management Announces Liquidation of Goldman Sachs MLP and Energy Renaissance Fund

    businesswire.com

    2023-06-07 17:00:00

    NEW YORK--(BUSINESS WIRE)--Goldman Sachs Asset Management (“GSAM”), investment adviser for the Goldman Sachs MLP and Energy Renaissance Fund (the “Fund”) (NYSE: GER), announced today that the Fund's Board of Trustees, at the recommendation of GSAM, has approved a plan of liquidation and dissolution (the “Plan”) for the Fund. Under the Plan, which is effective today, the Fund will begin the process of liquidating portfolio assets and unwinding its affairs in an orderly fashion over time. The Pla.

    https://images.financialmodelingprep.com/news/goldman-sachs-asset-management-announces-quarterly-distribution-of-0240-20230512.png
    Goldman Sachs Asset Management Announces Quarterly Distribution of $0.240 Per Share

    businesswire.com

    2023-05-12 08:30:00

    NEW YORK--(BUSINESS WIRE)--Goldman Sachs MLP and Energy Renaissance Fund (the “Fund”) (NYSE: GER) is announcing its quarterly distribution of $0.240 per common share, which represents a 9% increase over the distribution amount for the previous quarter. The distribution is payable on the date noted below. The distribution schedule is as follows: Ex-Date: May 22, 2023 Record Date: Payable Date: Amount: 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 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. “The Fund’s investment income per share has continued to grow as both increasing cashflow receipts from its investment portfolio as well the previously announced share repurchases have been accretive to investment income per share. As we remain committed to returning the majority of that investment income to shareholders we are increasing our dividend this quarter by 9% to $0.24,” said lead Portfolio Manager Kyri Loupis. In addition, portfolio holdings as of March 31, 2023, 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 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 March 31, 20231. 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. Compliance Code: 317870.OTU Date of First Use: May 12, 2023 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 March 31, 2023.

    https://images.financialmodelingprep.com/news/goldman-sachs-asset-management-announces-quarterly-distribution-of-0240-20230512.jpg
    Goldman Sachs Asset Management Announces Quarterly Distribution of $0.240 Per Share

    businesswire.com

    2023-05-12 08:30:00

    NEW YORK--(BUSINESS WIRE)--Goldman Sachs MLP and Energy Renaissance Fund (the “Fund”) (NYSE: GER) is announcing its quarterly distribution of $0.240 per common share, which represents a 9% increase over the distribution amount for the previous quarter. The distribution is payable on the date noted below. The distribution schedule is as follows: Ex-Date: May 22, 2023 Record Date: May 23, 2023 Payable Date: May 31, 2023 Amount: $0.240 per share It is currently anticipated that a portion of this d.

    https://images.financialmodelingprep.com/news/goldman-sachs-asset-management-closedend-fund-announces-results-of-annual-20230323.png
    Goldman Sachs Asset Management Closed-End Fund Announces Results of Annual Shareholder Meeting

    businesswire.com

    2023-03-23 18:45:00

    NEW YORK--(BUSINESS WIRE)--Goldman Sachs Asset Management, investment adviser for the Goldman Sachs MLP and Energy Renaissance Fund (GER) (the “Fund”), announced the results from the Fund’s annual shareholder meeting held today. Election of Trustees Shareholders of the Fund elected two Class II Trustees, Linda A. Lang and James A. McNamara. For additional information, please visit the Fund’s website 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 master limited partnerships (“MLPs”) 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 “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, 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. For additional information, please visit the Fund’s website at www.GSAMFUNDS.com/cef. © 2023 Goldman Sachs. All rights reserved. Compliance code: 312252. OTU Date of first use: 3/23/2023 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, 2022.

    https://images.financialmodelingprep.com/news/goldman-sachs-asset-management-announces-quarterly-distribution-of-0220-per-20230210.jpg
    Goldman Sachs Asset Management Announces Quarterly Distribution of $0.220 Per Share

    businesswire.com

    2023-02-10 09:16:00

    NEW YORK--(BUSINESS WIRE)--Goldman Sachs MLP and Energy Renaissance Fund (the “Fund”) (NYSE: GER) is announcing its quarterly distribution of $0.220 per common share, which represents a 10% increase over the distribution amount for the previous quarter. The distribution is payable on the date noted below. The distribution schedule is as follows: Ex-Date: February 21, 2023 Record Date: February 22, 2023 Payable Date: February 28, 2023 Amount: $0.

    https://images.financialmodelingprep.com/news/goldman-sachs-asset-management-announces-quarterly-distribution-of-0220-20230210.png
    Goldman Sachs Asset Management Announces Quarterly Distribution of $0.220 Per Share

    businesswire.com

    2023-02-10 09:16:00

    NEW YORK--(BUSINESS WIRE)--Goldman Sachs MLP and Energy Renaissance Fund (the “Fund”) (NYSE: GER) is announcing its quarterly distribution of $0.220 per common share, which represents a 10% increase over the distribution amount for the previous quarter. The distribution is payable on the date noted below. The distribution schedule is as follows: February 21, 2023 Record Date: February 22, 2023 Payable Date: February 28, 2023 Amount: $0.220 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 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. “As the Fund’s investment income continues to grow we remain committed to returning the majority of that income to shareholders and are thus increasing our dividend by 10% this quarter,” said lead Portfolio Manager Kyri Loupis. In addition, portfolio holdings as of December 31, 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 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, 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. Compliance Code: 306555.OTU Date of First Use: February 10, 2023 _________________________ 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, 2022.

    https://images.financialmodelingprep.com/news/goldman-sachs-asset-management-announces-share-repurchase-program-for-20221111.png
    Goldman Sachs Asset Management Announces Share Repurchase Program for MLP and Energy Renaissance Fund and Quarterly Distribution of $0.200 Per Share

    businesswire.com

    2022-11-11 09:18:00

    NEW YORK--(BUSINESS WIRE)--Goldman Sachs MLP and Energy Renaissance Fund (the “Fund”) (NYSE: GER) is announcing its quarterly distribution of $0.200 per common share, which represents a 14% increase over the distribution amount for the previous quarter. The distribution is payable on the date noted below. The distribution schedule is as follows: Ex-Date: November 22, 2022 Record Date: November 23, 2022 Payable Date: November 30, 2022 Amount: $0.200 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. Additionally, Goldman Sachs Asset Management, the investment adviser for the Fund, announced today that the Fund’s Board of Trustees has approved a share repurchase program for the Fund, effective from November 10, 2022 through November 10, 2023. Under the share repurchase program, GER intends to purchase up to $10 million of its outstanding common shares in the open market, if the shares are trading at a discount to net asset value (“NAV”) per share in excess of 10%. The share repurchase program seeks to enhance shareholder value by purchasing the Fund’s shares trading at a discount to NAV per share, which could result in NAV and Net Investment Income per share accretion. “As the cash flow receipts of the Fund’s underlying investments continue to grow, we remain committed to returning incremental capital to our investors and are thus increasing the dividend by over 14% this quarter. Additionally, we continue to believe that open market share repurchases are an optimal way to further enhance shareholder value and therefore are renewing our share repurchase program,” said lead Portfolio Manager Kyri Loupis. The Fund’s repurchase activity will be disclosed in its shareholder reports for the relevant fiscal periods. The share purchase program will follow the requirements of Rule 10b-18 and Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, and there is no assurance that the Fund will repurchase shares in any amount. In addition, portfolio holdings as of September 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 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 September 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. 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 September 30, 2022. Compliance Code: 297730.OTU Date of First Use: November 11, 2022

    https://images.financialmodelingprep.com/news/goldman-sachs-asset-management-announces-share-repurchase-program-for-20221111.jpg
    Goldman Sachs Asset Management Announces Share Repurchase Program for MLP and Energy Renaissance Fund and Quarterly Distribution of $0.200 Per Share

    businesswire.com

    2022-11-11 09:18:00

    NEW YORK--( BUSINESS WIRE )--Goldman Sachs MLP and Energy Renaissance Fund (the “Fund”) (NYSE: GER) is announcing its quarterly distribution of $0.200 per common share, which represents a 14% increase over the distribution amount for the previous quarter. The distribution is payable on the date noted below.

    https://images.financialmodelingprep.com/news/goldman-sachs-mlp-and-energy-renaissance-fund-announces-quarterly-20220812.jpg
    Goldman Sachs MLP and Energy Renaissance Fund Announces Quarterly Distribution of $0.175 Per Share

    businesswire.com

    2022-08-12 09:00:00

    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,

    https://images.financialmodelingprep.com/news/goldman-sachs-mlp-and-energy-renaissance-fund-announces-quarterly-20220812.png
    Goldman Sachs MLP and Energy Renaissance Fund Announces Quarterly Distribution of $0.175 Per Share

    businesswire.com

    2022-08-12 09:00:00

    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: August 22, 2022 August 23, 2022 August 31, 2022 $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

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    GER: Can This CEF Capitalize On Increased European LNG Demand?

    seekingalpha.com

    2022-06-10 18:16:12

    MLPs and Midstream companies should benefit from increased demand for U.S. LNG supplies over the long run. Europeans usually rely on the SPOT market, while Asians sign long-term LNG deals.

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

    businesswire.com

    2022-05-13 08:00:00

    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: May 23, 2022 Record Date: May 24, 2022 Payable Date: May 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 March 31, 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 more than $2 trillion in assets under supervision worldwide as of March 31, 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 March 31, 2022. Compliance Code: 278275-OTU Date of First Use: May 13, 2022

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    Goldman Sachs Asset Management Announces Share Repurchase Program For Goldman Sachs MLP and Energy Renaissance Fund

    businesswire.com

    2022-04-19 17:57:00

    NEW YORK--(BUSINESS WIRE)--Goldman Sachs Asset Management, investment adviser for the Goldman Sachs MLP and Energy Renaissance Fund (“the Fund”) (NYSE: GER) announced today that the Fund’s Board of Trustees has approved a share repurchase program for the Fund effective from May 15, 2022, through April 30, 2023. Under the share repurchase program, GER intends to purchase in the open market, up to $10 million of its outstanding common shares, if trading at a discount to net asset value (“NAV”) per share in excess of 10%. The share repurchase program seeks to enhance shareholder value by purchasing the Fund’s shares trading at a discount to NAV per share, which could result in NAV and Net Investment Income per share accretion. “We are continuously evaluating ways to enhance shareholder value and believe that at this time repurchasing shares in the open market is once again the optimal method to deliver value to shareholders. We expect the repurchase will be accretive to the Fund’s NAV and per share cash flow,” said Portfolio Manager Kyri Loupis. The Fund’s repurchase activity will be disclosed in its shareholder reports for the relevant fiscal periods. The share purchase program will follow the requirements of Rule 10b-18 and Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, and there is no assurance that the Fund will repurchase shares in any amount. Goldman Sachs MLP and Energy Renaissance Fund The Fund is a non-diversified, closed-end management investment company managed by GSAM’s Energy Infrastructure & Renewables Team, which is among the industry’s largest master limited partnership (“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 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, 2021.1 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. For additional information, please visit the Fund’s website at www.GSAMFUNDS.com/cef. ©2022 Goldman Sachs. All rights reserved. Compliance Code: 276446.OTU Date of First Use: April 19, 2022 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.