Goldman Sachs Asset Management Closed-End Funds Announce the Retirement of Three Trustees
16 Diciembre 2016 - 3:35PM
Business Wire
Goldman Sachs Asset Management, L.P. (“GSAM”), investment
adviser for the Goldman Sachs MLP Income Opportunities Fund (GMZ)
and Goldman Sachs MLP and Energy Renaissance Fund (GER) (together,
the “Funds”) announces the retirement of Ashok N. Bakhru, John P.
Coblentz, Jr., and Richard P. Strubel from each Fund’s Board of
Trustees, effective December 31, 2016. The retirements bring the
total size of each Fund’s Board of Trustees to five trustees, four
of whom are independent.
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 Partnership (“MLP”)
investment groups. The Goldman Sachs MLP Income Opportunities Fund
began trading on the NYSE on November 25, 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 $1.15 trillion as of September 30,
2016.1 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. Fees and expenses are applicable to an investment in the
Funds.
For additional information, please visit the Funds’ website
at www.GSAMFUNDS.com/cef.
Compliance Code: 77290-OTUDate of First Use: December 16,
2016
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Goldman Sachs Asset ManagementMedia:Andrew Williams,
212-902-5400orInvestors:Immanuel Tan, 917-343-3375
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