Goldman Sachs Asset Management Closed-End Fund Announces Results of Annual Shareholder Meeting
25 Mars 2021 - 10:19PM
Business Wire
Goldman Sachs Asset Management (“GSAM”), 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 Trustee
Shareholders of the Fund elected one Class III Trustee, Lawrence
W. Stranghoener.
For additional information, please visit the Fund’s website at
www.gsamfunds.com/cef.
The 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
partnerships (“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.
GSAM is the asset management arm of The Goldman Sachs Group,
Inc. (NYSE: GS), and supervises $1.95 trillion as of December 31,
2020.1 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.
1 Assets 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.
For additional information, please visit the Fund’s website
at www.GSAMFUNDS.com/cef.
© 2021 Goldman Sachs. All rights reserved. Compliance code:
235414-OUT Date of first use: 3/25/2021
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Media Contact: Patrick Scanlan Tel: 212-902-6164
Investor Contact: Charles Sturges Tel: 212-902-7996
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