“MLPs have historically delivered attractive distributions to investors, as well as low interest rate sensitivity 2. These attributes can be beneficial to investors in either a low or rising rate environment,” said Loupis. “Through the launch of this closed-end fund, we’re able to provide investors another avenue to access MLP exposure”The Fund raised $826.3 million in its common share offering, excluding any exercise of the underwriters’ option to purchase additional shares. If the underwriters exercise their overallotment option in full, the Fund will raise $950.1 million. Underwriters may exercise their overallotment option up to 45 days after the initial public offering.
Goldman Sachs Asset Management Launches First Closed-End Fund
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