Welcome to our dedicated page for Goldman Sachs MLP and Energy Rena news (Ticker: GER), a resource for investors and traders seeking the latest updates and insights on Goldman Sachs MLP and Energy Rena stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Goldman Sachs MLP and Energy Rena's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Goldman Sachs MLP and Energy Rena's position in the market.
The Goldman Sachs MLP and Energy Renaissance Fund (NYSE: GER) has announced a quarterly distribution of $0.155 per common share. The distribution will be payable on November 30, 2020, with an ex-date of November 20 and a record date of November 23. A portion of this distribution is expected to be treated as a return of capital for tax purposes, with final tax characterization determined in early 2021. The Fund primarily invests in master limited partnerships and focuses on the energy sector.
Goldman Sachs Asset Management announced the successful reorganization of the Goldman Sachs MLP Income Opportunities Fund (GMZ) with the Goldman Sachs MLP and Energy Renaissance Fund (GER) on September 28, 2020. Shareholders of GMZ received newly issued shares of GER equal to the NAV of their GMZ holdings. Approximately 8.36 million new shares of GER were issued, raising the total outstanding shares to about 17.22 million. The total assets of GER are approximately $139.79 million, with an NAV per share of $8.12. This transaction was tax-free for shareholders.