diff -Naur a/python/samba/gp_parse/gp_pol.py b/python/samba/gp_parse/gp_pol.py
--- a/python/samba/gp_parse/gp_pol.py 2021-04-14 13:46:15.502560949 +0000
+++ b/python/samba/gp_parse/gp_pol.py 2021-04-14 13:45:50.312562722 +0000
@@ -83,7 +83,7 @@
             # entry.size = int(e.attrib['size'])

             if misc.REG_MULTI_SZ == entry_type:
-                values = [x.text for x in e.findall('Value')]
+                values = [x.text for x in e.findall('Value') if x.text]
                 entry.data = (u'\x00'.join(values) + u'\x00\x00').encode('utf-16le')
             elif (misc.REG_NONE == entry_type):
                 pass