GER News and Press, Goldman Sachs MLP Energy Renaissance Fund From 05/18/21

Midstream MLPs, as measured by the Solactive MLP Infrastructure Index, increased 7.10% last month. The index has increased by 45.19% since last April. The current yield on MLPs stands at 8.52%. The Enterprise Value to EBITDA ratio (EV-to-EBITDA), which seeks to provide more color ...

Goldman Sachs MLP and Energy Renaissance Fund (GER) declares $0.165/share quarterly dividend, 6.5% increase from prior dividend of $0.155.Forward yield 6.02%Payable May 28; for shareholders of record May 24; ex-div May 21.See GER Dividend Scorecard, Yield Chart, & Dividend Growth. For f...

Goldman Sachs MLP and Energy Renaissance Fund (the “Fund”) (NYSE: GER) is announcing its quarterly distribution of $0.165 per common share. The distribution is payable on the date noted below. “We believe this increased level of payout to be representative o...

President Biden supports raising the corporate tax rate from 21% to 28%, and the Biden Administration has also proposed raising the income tax rate for the highest earners from 37% to 39.6% and increasing the rate on capital gains and dividends from 20% to 39.6% for those with annual inco...

Cost management and asset optimization helped partially offset macro headwinds in 2020, contributing to stable EBITDA and allowing excess cash flow to be used for debt reduction and in some cases, buybacks. While controlling costs helped many companies navigate market headwinds, some ...

Midstream MLPs, as measured by the Solactive MLP Infrastructure Index, increased 8.33% last month. The index has increased by 100.36% since last March. The current yield on MLPs stands at 9.04%. The Enterprise Value to EBITDA ratio (EV-to-EBITDA), which seeks to provide more color...

Private equity activity in midstream has served as a catalyst for the space in the past, and a more stable macro environment could lead to additional transactions in 2021 after a relatively quiet 2020. Thus far in 2021, there have been some examples of private equity purchasing non-co...

The Goldman Sachs MLP and Energy Renaissance Fund is more of a pure-play on the oil and gas midstream MLP industry than other CEFs. The energy demand is gradually recovering in the US and with the economic growth gaining momentum, the outlook is looking good. Some of GER’s ...

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 Sharehold...

One of the potential tailwinds for midstream in 2021 relative to past recoveries is the proliferation of buyback programs supported by expectations for robust free cash flow generation this year. Since Alerian's last buyback note in November, Pembina Pipeline (PPL CN) formally announc...