For investors seeking to participate in America's current energy expansion, Goldman Sachs Asset Management, L.P. ("GSAM") is pleased to announce the public listing of the Goldman Sachs MLP Income Opportunities Fund (the "Fund"), now trading on the New York Stock Exchange under the ticker symbol "GMZ." This is the first closed-end fund ever launched by GSAM.

As a result of advances in drilling, extraction and refining, the US is on a path toward energy independence, primed to surpass Saudi Arabia as the world’s largest oil producer by 20201.

"Expanding our mutual fund platform into closed end funds is an important strategic initiative for GSAM, and we are pleased to have such a successful initial launch," said James McNamara, President of the Goldman Sachs Funds in GSAM. GSAM currently manages more than $208 billion in US mutual funds.

The Fund aims to invest primarily in Master Limited Partnerships ("MLPs") — a tax-advantaged structure created for use by energy firms to support growing hydrocarbon extraction and increasing energy demand. Focused specifically on midstream infrastructure, these essential companies include pipeline operators, processors, and fractionation and storage facilities. The Fund seeks a high level of total return with an emphasis on current distributions to shareholders.

"We have strong conviction that compelling opportunities in MLP investing lie with midstream companies collecting toll-like revenues, which, we believe, are less exposed to underlying commodity prices," said Kyri Loupis, Managing Director and lead portfolio manager for the Fund. "Our index-agnostic approach and closed-end structure allows us to execute on our best investment ideas, including those offered by smaller cap MLPs poised for higher levels of growth."

The Fund is managed by GSAM’s Energy & Infrastructure Team, among the industry’s largest and longest-tenured MLP investment groups. As of September 30, 2013, the team managed approximately $6.4 billion in MLPs and other energy sector investments.

"MLPs have historically delivered attractive distributions to investors, as well as low interest rate sensitivity2. 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.

Morgan Stanley, Citigroup and BofA Merrill Lynch were lead underwriters in connection with the offering.