Goldman Sachs MLP Income Opportunities Fund (the “Fund”) (NYSE: GMZ) is pleased to announce its quarterly distribution of $0.345 per common share, the same as the previous quarter. The distribution is payable on the date noted below.
The distribution schedule is as follows:
|Ex-Date:||November 13, 2015|
|Record Date:||November 17, 2015|
|Payable Date:||November 24, 2015|
|Amount:||$0.345 per share|
It is currently anticipated that a portion of this distribution will be treated for tax purposes as a return of capital, however, the final characterization of such distribution will be made in early 2016 when the Fund can determine its earnings and profits for the full year. The final tax status of the distribution may differ substantially from this preliminary information.
On October 13, 2015, the Board of Trustees of the Goldman Sachs MLP Income Opportunities Fund approved an amendment to the Fund’s distribution policy. The policy is set forth below and can be found on the Fund’s website.
Closed End Fund Distribution Policy
While the Fund seeks to distribute substantially all of the Fund’s distributable cash flow received as cash distributions from Master Limited Partnerships (“MLPs”), interest payments received on debt securities owned by the Fund and other payments on securities owned by the Fund, less Fund expenses, in order to permit the Fund to maintain more stable quarterly distributions, the distributions paid by the Fund may be more or less than the amount of net investment income actually earned by the Fund. These distributions could include a return of a shareholder’s invested capital which would reduce the Fund’s NAV.
Goldman Sachs MLP Income Opportunities Fund
Goldman Sachs MLP Income Opportunities Fund is a non-diversified, closed-end management investment company which began trading on the NYSE on November 25, 2013. The Fund seeks a high level of total return with an emphasis on current distributions to shareholders. The Fund invests primarily in Master Limited Partnership (“MLP”) investments, a significant portion of which deliver midstream infrastructure to support growing hydrocarbon extraction. These include investments in pipeline operators, natural gas processors, natural gas liquids fractionators and storage facilities. The Fund is managed by Goldman Sachs Asset Management’s (GSAM’s) Energy & Infrastructure Team, which is among the industry’s largest MLP investment groups.
About Goldman Sachs Asset Management, L.P.
GSAM is the asset management arm of The Goldman Sachs Group, Inc. (NYSE: GS), and supervises $1.08 trillion as of September 30, 2015.1 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.
1Assets Under Supervision (AUS) includes assets under management and other client assets for which Goldman Sachs does not have full discretion.
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 the 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. The Fund has completed its initial public offering. Investors should consider their investment goals, time horizons and risk tolerance before investing in the Fund. An investment in the Fund is not appropriate for all investors, and the Fund is not intended to be a complete investment program. Investors should carefully review and consider the Fund’s investment objective, risks, charges and expenses before investing.
For additional information, please visit the Fund’s website at www.gsamfunds.com/cef
Compliance Code: 171978.MF.MED.OTU
Date of First Use: November 3, 2015.
Andrew Williams, 212-357-0005
Keith McRedmond, 212-357-7359