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.
Goldman Sachs Asset Management Announces Share Repurchase Program For Goldman Sachs MLP and Energy Renaissance Fund
Apr 19, 2022
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