Re: GER liquidation
This is currently the only Goldman Sachs-sponsored CEF. Its performance was miserable as it was forced to sell at the MLP bottom and deleverage with a permanent loss of capital. Its IPO price was $180 per share due to a reverse stock split. I believe GS has wanted to sweep this under the rug for a long time. SABA recently bought over 11% of the shares and was increasing its position lately and was likely the catalyst. I don't know for sure but I am giving him credit for this one. As it was at an 18% discount the shares are up more than 14% in the after-hours. I've been trading CEF for 20 years. This is the largest contraction of a discount in one day I've seen. Happy days.