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

Dec 03, 2020

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 has approved a share repurchase program for the Fund effective from January 2, 2021 through December 31, 2021. 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.

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