Clough Global Opportunities Fund Declares Monthly Cash Distributions for October, November and December of $0.0480 Per Share
Rhea-AI Summary
The Board of Trustees for the Clough Global Opportunities Fund (GLO) has declared a monthly cash distribution of $0.0480 per common share for October, November, and December 2024. The Fund's managed distribution policy sets the monthly rate at one-twelfth of 10% of the Fund's adjusted year-end net asset value per share. Key dates for the distributions include:
- October: Ex-Date and Record Date - Oct 18, Payable Date - Oct 31
- November: Ex-Date and Record Date - Nov 15, Payable Date - Nov 29
- December: Ex-Date and Record Date - Dec 16, Payable Date - Dec 30
The Fund, managed by Clough Capital Partners L.P., aims for high total return by investing in equity, equity-related, and fixed income securities globally. As of September 30, 2024, the Fund had approximately $375.6 million in total assets.
Positive
- Monthly cash distribution of $0.0480 per common share declared for three consecutive months
- Fund had approximately $375.6 million in total assets as of September 30, 2024
- Clough Capital Partners L.P. manages approximately $1.3 billion in assets across various funds and accounts
Negative
- A portion of the distribution may be treated as paid from sources other than net income, including capital gains and return of capital
News Market Reaction
On the day this news was published, GLO declined 0.55%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
DENVER, CO / ACCESSWIRE / October 7, 2024 / Today, the Board of Trustees (the "Board") for the Clough Global Opportunities Fund (the "Fund") has declared a monthly cash distribution of
The following dates apply to the distributions declared:
Ex-Date: October 18, 2024
Record Date: October 18, 2024
Payable Date: October 31, 2024
Ex-Date: November 15, 2024
Record Date: November 15, 2024
Payable Date: November 29, 2024
Ex-Date: December 16, 2024
Record Date: December 16, 2024
Payable Date: December 30, 2024
A portion of the distribution may be treated as paid from sources other than net income, including but not limited to short-term capital gain, long-term capital gain and return of capital. The final determination of the source of all distributions, including the percentage of qualified dividend income, will be made after year-end.
The Clough Global Opportunities Fund
The Fund is a closed-end fund with an investment objective of providing a high level of total return. The Fund seeks to achieve this objective by applying a fundamental research-driven investment process and will invest in equity and equity-related securities as well as fixed income securities, including both corporate and sovereign debt. Utilizing Clough Capital Partners L.P.'s global research capabilities, the Fund will invest in both U.S. and non-U.S. markets. The Fund's portfolio managers are Chuck Clough and Bill Whelan. As of September 30, 2024, the Fund had approximately
Clough Capital Partners L.P.*
Clough Capital Partners L.P. is a Boston-based investment advisory firm which manages approximately
An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain an annual report or semi-annual report which contains this and other information visit www.cloughcefs.com or call 1-855-425-6844. Read the prospectus carefully before investing.
The Clough Global Opportunities Fund is a closed-end fund and closed-end funds do not continuously issue shares for sale as open-end mutual funds do. Since the initial public offering, the Fund now trades in the secondary market. Investors wishing to buy or sell shares need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market's value.
Forward-looking statements are based on information that is available on the date hereof, and neither the fund manager nor any other person affiliated with the fund manager has any duty to update any forward-looking statements. Important factors that could affect actual results to differ from these statements include, among other factors, material, negative changes to the asset class and the actual composition of the portfolio.
*These are preliminary estimates and are not reflective of finalized calculations.
SOURCE: Clough Global Opportunities Fund | GLO
View the original press release on accesswire.com
FAQ
What is the monthly cash distribution amount for Clough Global Opportunities Fund (GLO) in Q4 2024?
When are the ex-date, record date, and payable date for GLO's October 2024 distribution?
What was the total asset value of Clough Global Opportunities Fund (GLO) as of September 30, 2024?
How does Clough Global Opportunities Fund (GLO) determine its monthly distribution rate?
