Welcome to our dedicated page for Clough Global Opportunities Fund news (Ticker: GLO), a resource for investors and traders seeking the latest updates and insights on Clough Global Opportunities Fund stock.
Clough Global Opportunities Fund reports recurring distribution and performance updates for a closed-end fund traded under GLO on NYSE American. The Fund seeks a high level of total return through a research-driven process that invests in equity and equity-related securities, including equity swaps and call options, and fixed-income securities, including corporate and sovereign debt, across U.S. and non-U.S. markets.
Updates commonly cover monthly cash distributions under the Fund’s managed distribution policy, Section 19(a) notices, NAV-based return figures, market-price and NAV comparisons, rights-offering assumptions used in performance calculations, and periodic market updates from Clough Capital Partners L.P.
The Clough Global Opportunities Fund (GLO) announced a monthly cash distribution of $0.0897 per share, effective for the months of July, August, and September 2020. This distribution follows the Fund's managed policy, amounting to one-twelfth of 10% of the adjusted year-end net asset value (NAV). Key dates include the ex-dates on July 20, August 20, and September 17, 2020. As of June 30, 2020, the Fund had total assets of $552.7 million. A portion of the distribution may originate from sources other than net income. More details can be found on their official website.
On June 30, 2020, the Clough Global Opportunities Fund (NYSE MKT: GLO) paid a monthly distribution of $0.0897 per share to shareholders of record as of June 19, 2020. The distribution was wholly sourced from return of capital, amounting to 100% of the distribution. For the fiscal year to date, the fund reported an annualized distribution rate of 11.17% based on its net asset value (NAV) as of May 31, 2020. However, its cumulative total return on NAV was negative at -1.91%.