Clough Global Opportunities Fund Declares Monthly Cash Distributions for January, February and March 2025 of $0.0501 Per Share
Rhea-AI Summary
The Clough Global Opportunities Fund (GLO) has announced monthly cash distributions of $0.0501 per common share for January, February, and March 2025. The Fund's distribution policy sets monthly rates at one-twelfth of 10% of the Fund's adjusted year-end NAV, calculated as the average of the last five business days' NAVs of the prior calendar year.
The Fund, managed by Chuck Clough and Bill Whelan, aims for high total returns through investments in equity, equity-related, and fixed income securities across U.S. and non-U.S. markets. As of December 31, 2024, the Fund held approximately $358.2 million in total assets. Clough Capital Partners L.P., the Boston-based investment advisory firm managing the Fund, oversees approximately $1.3 billion in total assets across various investment vehicles.
Positive
- Fund maintains consistent monthly dividend distribution of $0.0501 per share
- Substantial total assets under management at $358.2 million
- Part of larger asset management firm with $1.3 billion total AUM
Negative
- Distributions may include return of capital, not just income
- Final source of distributions and qualified dividend income percentage uncertain until year-end
News Market Reaction – GLO
In the trading session that priced this news, GLO declined 0.38%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
DENVER, CO / ACCESSWIRE / January 7, 2025 / 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: January 17, 2025
Record Date: January 17, 2025
Payable Date: January 31, 2025
Ex-Date: February 18, 2025
Record Date: February 18, 2025
Payable Date: February 28, 2025
Ex-Date: March 18, 2025
Record Date: March 18, 2025
Payable Date: March 31, 2025
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 December 31, 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
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