SteelPath

Goldman Sachs Asset Management Closed-End Funds Announce Results of Joint Annual Shareholder Meeting

Friday, March 27, 2020 - 12:03am

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.

Key Points: 
  • 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.
  • Shareholders of the Goldman Sachs MLP Income Opportunities Fund elected two Class III Trustees, Lawrence W. Stranghoener and Caroline Dorsa.
  • Shareholders of the Goldman Sachs MLP and Energy Renaissance Fund elected two Class II Trustees, Linda A. Lang and James A. McNamara.
  • The Goldman Sachs MLP Income Opportunities Fund began trading on the NYSE on November 26, 2013, and the Goldman Sachs MLP and Energy Renaissance Fund began trading on the NYSE on September 26, 2014.

Alerian Index Series March 2020 Index Review

Friday, March 13, 2020 - 12:30pm

DALLAS, March 13, 2020 /PRNewswire/ --Alerian announced the results of the March quarterly review for the Alerian Index Series.

Key Points: 
  • DALLAS, March 13, 2020 /PRNewswire/ --Alerian announced the results of the March quarterly review for the Alerian Index Series.
  • Tallgrass Energy (NYSE: TGE) will be removed and CNX Midstream Partners (NYSE: CNXM) and Holly Energy Partners (NYSE: HEP) will be added.
  • Constituent additions to and deletions from an index do not reflect an opinion by Alerian on the investment merits of the respective securities.
  • Built on a foundation of data rigor and specialty research, Alerian pioneered how the master limited partnership (MLP) asset class is measured and created the first real-time MLP index the Alerian MLP Index the most widely used benchmark for midstream MLP energy.

Goldman Sachs MLP Income Opportunities Fund Reduces Leverage Amid Commodity Volatility

Tuesday, March 10, 2020 - 12:35am

Given unprecedented commodity price volatility, the portfolio management team of the Goldman Sachs MLP Income Opportunities Fund (the Fund) (NYSE: GMZ) has decided to effectively eliminate the net leverage of the Fund.

Key Points: 
  • Given unprecedented commodity price volatility, the portfolio management team of the Goldman Sachs MLP Income Opportunities Fund (the Fund) (NYSE: GMZ) has decided to effectively eliminate the net leverage of the Fund.
  • The recent market volatility coupled with the effective elimination of leverage has resulted in a material impact to the Funds net asset value.
  • Portfolio holdings as of December 31, 2019, as well as additional information regarding the Fund, can be accessed through the GSAM Closed-End Fund landing page at www.GSAMFUNDS.com/cef .
  • Goldman Sachs MLP Income Opportunities Fund is a non-diversified, closed-end management investment company managed by Goldman Sachs Asset Managements (GSAMs) Energy & Infrastructure Team, which is among the industrys largest MLP investment groups.

Goldman Sachs Energy & Renaissance Fund Reduces Leverage Amid Commodity Volatility

Tuesday, March 10, 2020 - 12:35am

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.

Key Points: 
  • 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.
  • The recent market volatility coupled with the effective elimination of leverage has resulted in a material impact to the Funds net asset value.
  • Goldman Sachs MLP and Energy Renaissance Fund is a non-diversified, closed-end management investment company managed by Goldman Sachs Asset Managements (GSAMs) Energy & Infrastructure Team, which is among the industrys largest MLP investment groups.
  • The Fund currently expects to concentrate its investments in the energy sector, with an emphasis on midstream MLP investments.

Alerian Launches Dividend Index Suite

Wednesday, March 4, 2020 - 3:54pm

DALLAS, March 4, 2020 /PRNewswire/ -- Alerian , an independent information services company, announced today the launch of the Alerian Midstream Energy Dividend Index (AEDW) and the Alerian MLP Infrastructure Dividend Index (AMDW).

Key Points: 
  • DALLAS, March 4, 2020 /PRNewswire/ -- Alerian , an independent information services company, announced today the launch of the Alerian Midstream Energy Dividend Index (AEDW) and the Alerian MLP Infrastructure Dividend Index (AMDW).
  • The Alerian Midstream Energy Dividend Index (AEDW) is a fundamentally-weighted index based on the liquid, dividend-paying portion of the North American energy infrastructure market.
  • The Alerian MLP Infrastructure Dividend Index (AMDW) is a fundamentally-weighted index based on the liquid, dividend-paying portion of the energy infrastructure Master Limited Partnership (MLP) market.
  • For more information on the Alerian MLP Infrastructure Dividend Index (AEDW) and the Alerian Midstream Energy Dividend Index (AMDW), please read our recent whitepaper , An Introduction to Alerian's Midstream Dividend Indexes.

Goldman Sachs MLP Income Opportunities Fund Announces Quarterly Distribution of $0.21 Per Share

Friday, February 7, 2020 - 2:12pm

Goldman Sachs MLP Income Opportunities Fund is a non-diversified, closed-end management investment company managed by Goldman Sachs Asset Managements (GSAMs) Energy & Infrastructure Team, which is among the industrys largest MLP investment groups.

Key Points: 
  • Goldman Sachs MLP Income Opportunities Fund is a non-diversified, closed-end management investment company managed by Goldman Sachs Asset Managements (GSAMs) Energy & Infrastructure Team, which is among the industrys largest MLP investment groups.
  • The Fund invests primarily in master limited partnership (MLP) investments, a significant portion of which deliver midstream infrastructure to support growing hydrocarbon extraction.
  • 1Assets Under Supervision (AUS) includes assets under management and other client assets for which Goldman Sachs does not have full discretion.
  • An investment in the Fund is not appropriate for all investors, and the Fund is not intended to be a complete investment program.

Goldman Sachs MLP and Energy Renaissance Fund Announces Quarterly Distribution of $0.16 Per Share

Friday, February 7, 2020 - 2:09pm

Goldman Sachs MLP and Energy Renaissance Fund is a non-diversified, closed-end management investment company managed by Goldman Sachs Asset Managements (GSAMs) Energy & Infrastructure Team, which is among the industrys largest MLP investment groups.

Key Points: 
  • Goldman Sachs MLP and Energy Renaissance Fund is a non-diversified, closed-end management investment company managed by Goldman Sachs Asset Managements (GSAMs) Energy & Infrastructure Team, which is among the industrys largest MLP investment groups.
  • The Fund invests primarily in master limited partnerships (MLPs) and other energy investments.
  • The Fund currently expects to concentrate its investments in the energy sector, with an emphasis on midstream MLP investments.
  • 1Assets Under Supervision (AUS) includes assets under management and other client assets for which Goldman Sachs does not have full discretion.

Center Coast Brookfield MLP & Energy Infrastructure Fund Announces Monthly Distributions

Friday, January 3, 2020 - 9:39pm

The Funds investments are concentrated in the energy infrastructure industry with an emphasis on securities issued by master limited partnerships (MLPs), which may increase price fluctuation.

Key Points: 
  • The Funds investments are concentrated in the energy infrastructure industry with an emphasis on securities issued by master limited partnerships (MLPs), which may increase price fluctuation.
  • The Fund is not a complete investment program and you may lose money investing in the Fund.
  • An investment in MLP units involves risks that differ from a similar investment in equity securities, such as common stock, of a corporation.
  • Additionally, conflicts of interest may exist between common unit holders, subordinated unit holders and the general partner of an MLP.

Alerian Index Series December 2019 Index Review

Friday, December 13, 2019 - 5:57pm

DALLAS, Dec. 13, 2019 /PRNewswire/ --Alerian announced the results of the December quarterly review for the Alerian Index Series.

Key Points: 
  • DALLAS, Dec. 13, 2019 /PRNewswire/ --Alerian announced the results of the December quarterly review for the Alerian Index Series.
  • Alerian Midstream Energy Index (AMNA).
  • Constituent additions to and deletions from an index do not reflect an opinion by Alerian on the investment merits of the respective securities.
  • Built on a foundation of data rigor and specialty research, Alerian pioneered how the master limited partnership (MLP) asset class is measured and created the first real-time MLP index the Alerian MLP Index the most widely used benchmark for midstream MLP energy.

Tortoise Announces 2019 Estimated Character of Distributions for the Tortoise Midstream Mutual Funds

Monday, November 11, 2019 - 8:27pm

The Tortoise MLP & Energy Income Fund invests in securities across the capital structure of North American midstream energy infrastructure companies, including MLPs, common equity, preferred equity and bonds.

Key Points: 
  • The Tortoise MLP & Energy Income Fund invests in securities across the capital structure of North American midstream energy infrastructure companies, including MLPs, common equity, preferred equity and bonds.
  • Based on the prevailing market and economic conditions, Tortoise may shift the funds proportional exposure to these opportunities over time.
  • Tortoise Capital Advisors, LLC is the Advisor to the Tortoise MLP & Pipeline Fund, Tortoise Select Opportunity Fund, Tortoise MLP & Energy Infrastructure Fund and Tortoise MLP & Energy Income Fund.
  • The Tortoise MLP & Energy Infrastructure Fund and Tortoise MLP & Energy Income Fund are distributed by IMST Distributors, LLC.