WMB - Goldman Sachs MLP and Energy Renaissance Fund to be liquidated
2023-06-07 18:27:24 ET
- Goldman Sachs Asset Management (GSAM) on Wednesday said it was liquidating the Goldman Sachs MLP and Energy Renaissance Fund ( NYSE: GER ).
- GER's board of trustees, at GSAM's recommendation, approved a plan of liquidation and dissolution for the fund.
- GER was started in 2014 and invests primarily in master limited partnerships and energy infrastructure companies in North America. Its holdings include firms such as Energy Transfer LP ( ET ), MPLX LP ( MPLX ) and Western Midstream Partners LP ( WES ).
- "After careful consideration, we concluded that liquidating the Fund was the best path forward in order to realize value to shareholders," Kyri Loupis, co-chief investment officer of the liquid real assets business within GSAM and portfolio manager for GER, said in a statement .
- "We remain very constructive on the fundamentals of the energy infrastructure sector and believe that it is poised to deliver attractive growth in the next few years," Loupis added.
- Goldman Sachs MLP and Energy Renaissance Fund ( GER ) in early May raised its quarterly dividend by 9.1% to $0.24/share.
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Goldman Sachs MLP and Energy Renaissance Fund to be liquidated