Goldman Sachs Asset Management Closed-End Funds Announce Results of Joint Annual Shareholder Meeting
27 Mars 2020 - 1:03AM
Business Wire
Goldman Sachs Asset Management (“GSAM”), investment adviser for
the Goldman Sachs MLP Income Opportunities Fund (GMZ) and Goldman
Sachs MLP and Energy Renaissance Fund (GER) (together, the
“Funds”), announced the results from the Funds’ joint annual
shareholder meeting held today.
Election of Trustees
Shareholders of the Goldman Sachs MLP Income Opportunities Fund
elected two Class III Trustees, Lawrence W. Stranghoener and
Caroline Dorsa.
Shareholders of the Goldman Sachs MLP and Energy Renaissance
Fund elected two Class II Trustees, Linda A. Lang and James A.
McNamara.
For additional information, please visit the Funds’ website at
www.gsamfunds.com/cef.
The Funds
Each Fund is a non-diversified, closed-end management investment
company managed by GSAM’s Energy & Infrastructure Team, which
is among the industry’s largest master limited partnerships (“MLP”)
investment groups. The Goldman Sachs MLP Income Opportunities Fund
began trading on the NYSE on November 26, 2013, and the Goldman
Sachs MLP and Energy Renaissance Fund began trading on the NYSE on
September 26, 2014.
Each Fund seeks a high level of total return with an emphasis on
current distributions to shareholders. The Goldman Sachs MLP Income
Opportunities Fund invests primarily in MLP investments. The
Goldman Sachs MLP and Energy Renaissance Fund invests primarily in
MLPs and other energy investments. Each Fund currently expects to
concentrate its investments in the energy sector, with an emphasis
on midstream MLP investments. The Goldman Sachs MLP and Energy
Renaissance 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 $1.69 trillion as of December 31,
2019.1 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 a 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. Each Fund has
completed its initial public offering. Investors should consider
their investment goals, time horizons and risk tolerance before
investing in a Fund. An investment in a Fund is not appropriate for
all investors, and each Fund is not intended to be a complete
investment program. Investors should carefully review and consider
a Fund’s investment objective, risks, charges and expenses before
investing.
For additional information, please visit the Funds’ website
at www.GSAMFUNDS.com/cef.
© 2020 Goldman Sachs. All rights reserved. Compliance code:
162521-OUT Date of first use: 3/26/2020
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Media: Patrick Scanlan Tel: 212-902-6164
Investor: Immanuel Tan Tel: 917-343-3375
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