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Goldman Sachs MLP and Energy Renaissance Fund is a closed-end management investment company. The Fund's investment objective is to seek high total return with an emphasis on current distributions to shareholders by investing in Master Limited Partnerships and other energy investments. According to our GER split history records, Goldman Sachs MLP Energy Renaissance Fund has had 1 split.
GER split history picture
Goldman Sachs MLP Energy Renaissance Fund (GER) has 1 split in our GER split history database. The split for GER took place on April 14, 2020. This was a 1 for 9 reverse split, meaning for each 9 shares of GER owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 111.111111111111 share position following the split.

When a company such as Goldman Sachs MLP Energy Renaissance Fund conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.

Looking at the GER split history from start to finish, an original position size of 1000 shares would have turned into 111.111111111111 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Goldman Sachs MLP Energy Renaissance Fund shares, starting with a $10,000 purchase of GER, presented on a split-history-adjusted basis factoring in the complete GER split history. GER split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 09/26/2014
End date: 08/07/2020
Start price/share: $180.00
End price/share: $7.38
Starting shares: 55.56
Ending shares: 102.54
Dividends reinvested/share: $39.44
Total return: -92.43%
Average Annual Total Return: -35.59%
Starting investment: $10,000.00
Ending investment: $756.56
Years: 5.87
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 09/26/2014
End date: 08/07/2020
Start price/share: $180.00
End price/share: $7.38
Dividends collected/share: $39.44
Total return: -73.99%
Average Annual Total Return: -20.50%
Starting investment: $10,000.00
Ending investment: $2,601.99
Years: 5.87
Date Ratio
04/14/20201 for 9
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