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

Goldman Sachs Asset Management, investment adviser for the Goldman Sachs MLP and Energy Renaissance Fund (“the Fund”) announced 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.

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“We are continuously evaluating ways to enhance shareholder value and believe that at this time repurchasing shares in the open market is once again the optimal method to deliver value to shareholders. We expect the repurchase will be accretive to the Fund’s NAV and per share cash flow”

“We are continuously evaluating ways to enhance shareholder value and believe that at this time repurchasing shares in the open market is once again the optimal method to deliver value to shareholders. We expect the repurchase will be accretive to the Fund’s NAV and per share cash flow,” said Portfolio Manager Kyri Loupis.

The Fund’s repurchase activity will be disclosed in its shareholder reports for the relevant fiscal periods. The share purchase program will follow the requirements of Rule 10b-18 and Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, and there is no assurance that the Fund will repurchase shares in any amount.

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Goldman Sachs MLP and Energy Renaissance Fund

The Fund is a non-diversified, closed-end management investment company managed by GSAM’s Energy Infrastructure & Renewables Team, which is among the industry’s largest master limited partnership (“MLP”) investment groups. The Fund began trading on the NYSE on September 26, 2014.

The Fund seeks a high level of total return with an emphasis on current distributions to shareholders. The Fund invests primarily in MLPs and other energy investments. The Fund currently expects to concentrate its investments in the energy sector, with an emphasis on midstream MLP investments. The Fund invests across the energy value chain, including upstream, midstream and downstream investments.

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