Clough Global Opportunities Fund Section 19(a) Notice

Rhea-AI Summary

Clough Global Opportunities Fund (GLO) announced a monthly distribution of $0.0480 per share paid on October 31, 2024. The distribution sources breakdown shows 100% comes from return of capital for the current distribution. For the fiscal year-to-date, 98.66% is return of capital and 1.34% is net investment income. The Fund's performance metrics include a 33.78% cumulative total return on NAV for the fiscal year to date and a 3.24% average annual total return over the past 5 years. The current annualized distribution rate is 9.19% of NAV.

Positive

• Cumulative total return on NAV of 33.78% fiscal year-to-date
• Maintains steady monthly distribution of $0.0480 per share
• 9.19% annualized distribution rate as percentage of NAV

Negative

• 100% of current distribution comes from return of capital, not from earnings or capital gains
• 98.66% of fiscal year-to-date distributions are return of capital
• Relatively low 5-year average annual return of 3.24%

Insights

Financial Analyst

This distribution notice reveals concerning aspects of the Clough Global Opportunities Fund's current payouts. 100% of the current monthly distribution of $0.0480 per share comes from return of capital, not from investment income or capital gains. Year-to-date, 98.66% of distributions have been return of capital.

While the fund shows a strong cumulative total return of 33.78% for the fiscal year-to-date, the 5-year average annual return of 3.24% is modest. The current annualized distribution rate of 9.19% appears unsustainable given that it's not supported by underlying earnings or gains. This suggests the fund is essentially returning investors' own capital rather than generating real investment returns.

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940

DENVER, CO / ACCESSWIRE / October 31, 2024 / On October 31, 2024, the Clough Global Opportunities Fund (NYSE American:GLO) (the "Fund"), a closed-end fund, paid a monthly distribution on its common stock of $0.0480 per share to shareholders of record at the close of business on October 18, 2024.

The following table sets forth the estimated amount of the sources of distribution for purposes of Section 19 of the Investment Company Act of 1940, as amended, and the related rules adopted thereunder. The Fund estimates the following percentages, of the total distribution amount per share, attributable to (i) current and prior fiscal year net investment income, (ii) net realized short-term capital gain, (iii) net realized long-term capital gain and (iv) return of capital or other capital source as a percentage of the total distribution amount. These percentages are disclosed for the current distribution as well as the fiscal year-to-date cumulative distribution amount per share for the Fund.

Current Distribution from:
		Per Share ($)				%
Net Investment Income			0.00000				0.00	%
Net Realized Short-Term Capital Gain			0.00000				0.00	%
Net Realized Long-Term Capital Gain			0.00000				0.00	%
Return of Capital or other Capital Source			0.04800				100.00	%
Total (per common share)			0.04800				100.00	%
Fiscal Year-to-Date Cumulative Distributions from:
		Per Share ($)				%
Net Investment Income			0.00771				1.34	%
Net Realized Short-Term Capital Gain			0.00000				0.00	%
Net Realized Long-Term Capital Gain			0.00000				0.00	%
Return of Capital or other Capital Source			0.56889				98.66	%
Total (per common share)			0.57660				100.00	%

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and not for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with ‘yield' or ‘income.'

Presented below are return figures, based on the change in the Fund's Net Asset Value per share ("NAV"), compared to the annualized distribution rate for this current distribution as a percentage of the NAV on the last business day of the month prior to distribution record date.

Fiscal Year to Date (11/01/2023 through 9/30/2024)
Annualized Distribution Rate as a Percentage of NAV^			9.19	%
Cumulative Distribution Rate on NAV^+			9.20	%
Cumulative Total Return on NAV*			33.78	%
Average Annual Total Return on NAV for the 5 Year Period Ending 9/30/2024**			3.24	%

Past performance is not indicative of future results.

^Based on the Fund's NAV as of September 30, 2024.

⁺Cumulative distribution rate is based on distributions paid to date for the period November 1, 2023 through
October 31, 2024.

*Cumulative fiscal year-to-date return is based on the change in NAV including distributions paid and assuming reinvestment of these distributions and that all rights in the Fund's rights offering were exercised, for the period November 1, 2023 through September 30, 2024.

**The 5 year average annual total return is based on change in NAV including distributions paid and assuming reinvestment of these distributions and that all rights in the Fund's rights offering were exercised, as of the last business day of the month prior to the month of the current distribution record date.

While the NAV performance may be indicative of the Fund's investment performance, it does not measure the value of a shareholder's investment in the Fund. The value of a shareholder's investment in the Fund is determined by the Fund's market price, which is based on the supply and demand for the Fund's shares in the open market.

Shareholders should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's Managed Distribution Plan.

Furthermore, the Board of Trustees reviews the amount of any potential distribution and the income, capital gain or capital available. The Board of Trustees will continue to monitor the Fund's distribution level, taking into consideration the Fund's net asset value and the financial market environment. The Fund's distribution policy is subject to modification by the Board of Trustees at any time. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.

Contact Info:

Website: https://www.cloughcefs.com/
Email: cloughclientinquiries@paralel.com

SOURCE: Clough Global Opportunities Fund | GLO

View the original press release on accesswire.com

FAQ

What is GLO's current monthly distribution amount per share?

Clough Global Opportunities Fund (GLO) paid a monthly distribution of $0.0480 per share on October 31, 2024.

What is GLO's fiscal year-to-date cumulative total return?

The Fund's cumulative total return on NAV for the fiscal year-to-date (November 1, 2023 through September 30, 2024) is 33.78%.

What percentage of GLO's current distribution is return of capital?

100% of the current distribution is classified as return of capital.

What is GLO's 5-year average annual total return as of September 2024?

The Fund's 5-year average annual total return on NAV as of September 30, 2024, is 3.24%.