Goldman Sachs MLP Income Opportunities Fund Reduces Leverage Amid Commodity Volatility
GOLDMAN SACHS MLP INCOME OPPORTUNITY (GMZ)
US:NYSE Investor Relations:
gsam.com/content/gsam/us/en/individual/products/cef-fund-finder/goldman-sachs-mlp-income-opportunities-fund.html
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--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. 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.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 Goldman Sachs MLP Income Opportunities Fund is a non-diversified, closed-end management investment company managed by Goldman Sachs Asset Management’s (“GSAM
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