GER - Goldman Sachs MLP and Energy Renaissance Fund

NYSE - NYSE Delayed Price. Currency in USD

8.58

+0.20 (+2.39%)

At close: 4:00PM EDT

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Momentum

Performance Outlook

Short Term
2W - 6W
Mid Term
6W - 9M
Long Term
9M+

Previous Close	8.38
Open	8.42
Bid	8.55 x 900
Ask	8.58 x 1000
Day's Range	8.42 - 8.65
52 Week Range	5.04 - 50.49
Volume	74,242
Avg. Volume	109,457

Market Cap	75.76M
Beta (5Y Monthly)	N/A
PE Ratio (TTM)	N/A
EPS (TTM)	N/A
Earnings Date	N/A
Forward Dividend & Yield	0.62 (7.40%)
Ex-Dividend Date	May 21, 2020
1y Target Est	N/A

Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.

Fair Value

XX.XX

N/A

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News

Press Releases

Business Wire
Goldman Sachs MLP and Energy Renaissance Fund Announces Quarterly Distribution of $0.155 Per Share
Goldman Sachs MLP and Energy Renaissance Fund (the "Fund") (NYSE: GER) is announcing its quarterly distribution of $0.155 per common share.1 The distribution is payable on the date noted below.
Business Wire
ATTENTION GOLDMAN SACHS MLP AND ENERGY RENAISSANCE FUND (GER) INVESTORS – KlaymanToskes commences investigation on behalf of GER Investors Who Sustained Losses in Excess of $250,000 as a Result of a Recommendation from their Financial Advisor
KlaymanToskes ("KT"), http://www.klaymantoskes.com, announces an investigation on behalf of investors who sustained losses from the purchase of Goldman Sachs MLP and Energy Renaissance (NYSE:GER) ("GER"), a Master Limited Partnership ("MLP"). GER closed at 33.21 on February 21, 2020, prior to the significant market event that was precipitated by COVID-19. Yesterday, GER closed at 6.60, post-split adjusted. This investment may have been marketed and sold to customers who were risk averse, such as retirees or other conservative investors, that were seeking income and capital preservation and were not explained the potential risks.
Business Wire
Goldman Sachs Asset Management Closed-End Funds Effect Reverse Share Splits
Goldman Sachs Asset Management ("GSAM"), investment adviser for the Goldman Sachs MLP Income Opportunities Fund (GMZ) and Goldman Sachs MLP and Energy Renaissance Fund (GER) (together, the "Funds"), announced today that GMZ effected a 7-for-1 reverse share split and GER effected a 9-for-1 reverse share split for each Fund’s issued and outstanding common shares effective after the market close on April 13, 2020. The Funds’ common shares will begin trading on a split-adjusted basis when the market opens on April 14, 2020.
American City Business Journals
Goldman Sachs puts up $50M for loans to Texas small businesses
The Goldman Sachs Group Inc. is providing $50 million to be used for small business relief loans administered across the state by community development financial institutions.
Business Wire
Goldman Sachs Asset Management Closed-End Funds Announce Reverse Share Splits
Goldman Sachs Asset Management ("GSAM"), investment adviser for the Goldman Sachs MLP Income Opportunities Fund (GMZ) and Goldman Sachs MLP and Energy Renaissance Fund (GER) (together, the "Funds"), announced today that the Funds’ Board of Trustees has approved a 7-for-1 reverse share split for GMZ and a 9-for-1 reverse share split for GER, effective after the market closes on April 13, 2020. The Funds’ common shares will begin trading on a split-adjusted basis when the market opens on April 14, 2020.
Business Wire
Goldman Sachs Asset Management Closed-End Funds Announce Results of Joint Annual Shareholder Meeting
Goldman Sachs Asset Management ("GSAM"), investment adviser for the Goldman Sachs MLP Income Opportunities Fund (GMZ) and Goldman Sachs MLP and Energy Renaissance Fund (GER) (together, the "Funds"), announced the results from the Funds’ joint annual shareholder meeting held today.
Business Wire
Goldman Sachs Asset Management Announces Corrections to the Net Asset Value "NAV" per Share for its Closed End Funds
Goldman Sachs Asset Management ("GSAM") announces that the NAVs for the Goldman Sachs MLP Income Opportunities Fund (NYSE: GMZ) and the Goldman Sachs MLP & Energy Renaissance Fund (NYSE: GER) (together, the "Funds") were incorrect due to an administrative error. Each Fund’s NAV was impacted on March 9, 2020. Below are the originally reported and corrected NAVs for each Fund:
Business Wire
Goldman Sachs Energy & Renaissance Fund Reduces Leverage Amid Commodity Volatility
Given unprecedented commodity price volatility, the portfolio management team of the Goldman Sachs MLP & Energy Renaissance Fund (the "Fund") (NYSE:GER) has decided to effectively eliminate the net leverage of the Fund. By terminating its fixed rate borrowings, the Fund incurred significant interest rate breakage costs. The recent market volatility coupled with the effective elimination of leverage has resulted in a material impact to the Fund’s net asset value. The portfolio management team will continue to evaluate the distribution level of the Fund in the coming quarters.
American City Business Journals
San Jose automation unicorn catapults to $6.8B valuation with Salesforce-led funding
The latest investment turns Automation Anywhere into a unicorn valued at $6.8 billion and comes just a year and a half after the San Jose-based company raised its first-ever venture round.