Clough Global Opportunities Stock Price, News & Analysis

Clough Global Opportunities Fund announced the completion of its rights offering, issuing 7,573,005 new common shares at a subscription price of $11.59 each. This price reflects 95% of the average market price on NYSE American for the five days before the offering's expiration on June 22, 2021. The Fund aims to invest this capital strategically across global markets to achieve high total returns. As of May 31, 2021, the Fund managed approximately $720 million in assets, with Clough Capital managing a total of $2.2 billion.

Clough Global Opportunities Fund announced the successful completion of its rights offering on June 22, 2021, expecting to issue approximately 5,664,853 new common shares by June 30, 2021. The subscription price was set at $11.59 per share, reflecting 95% of the average market price from the preceding five trading days. CEO Mike Hearle expressed optimism about investing the raised capital in strategically identified global markets.

The Fund had around $720 million in total assets as of May 31, 2021, and is managed by Clough Capital Partners, which oversees approximately $2.2 billion in assets.

Clough Capital Partners L.P. is hosting a market update conference call for the Clough Global Dividend and Income Fund (GLV), Clough Global Equity Fund (GLQ), and Clough Global Opportunities Fund (GLO) on June 10, 2021, at 2:30 PM EDT. The call will be led by Chairman Chuck Clough and Rob Zdunczyk, Head of Fixed Income. Each fund is currently offering a one-for-three transferable rights offering under their SEC registration. As of May 31, 2021, GLV had $166 million, GLQ had $367 million, and GLO had $720 million in assets.

The Clough Global Opportunities Fund (NYSE MKT: GLO) announced a monthly distribution of $0.1087 per share to shareholders of record as of May 20, 2021. This distribution consists entirely of net realized short-term capital gains, with no contributions from net investment income or capital sources. As of April 30, 2021, the fund's annualized distribution rate is 9.70% of its net asset value (NAV), while cumulative total return on NAV stands at 35.06%. Shareholders will receive a Form 1099-DIV for tax reporting purposes.

The Clough Global Opportunities Fund (GLO) announced a transferable rights offering on May 10, 2021. Shareholders as of May 25 will receive one right for each share held, enabling them to purchase one new share for every three rights at a subscription price based on market value or net asset value. The offering is set to commence on May 27 and expire on June 22, 2021. Shareholders may sell their rights if they choose not to participate. The fund has approximately $715 million in assets as of April 30, 2021, and is managed by Clough Capital Partners.

The Clough Global Opportunities Fund (NYSE MKT: GLO) announced a monthly distribution of $0.1087 per share to shareholders as of April 20, 2021. The distribution is fully sourced from net realized short-term capital gains, with no contribution from net investment income or return of capital. For the fiscal year-to-date, the cumulative distribution amounts to $0.6142 per share, representing a 9.78% annualized distribution rate based on the Fund’s net asset value (NAV) as of March 31, 2021. The Board of Trustees will continue to monitor distribution levels based on market conditions.

The Clough Global Opportunities Fund (GLO) has declared a monthly cash distribution of $0.1087 per common share for April, May, and June 2021. This follows the Fund's managed distribution policy, which sets the monthly rate based on 10% of the Fund's adjusted year-ending net asset value. Key distribution dates include the ex-dates on April 19, May 19, and June 18, 2021. As of March 31, 2021, the Fund held approximately $727 million in total assets, focusing on a mix of equity and fixed-income securities globally.

The Clough Global Opportunities Fund (GLO) announced a monthly distribution of $0.1087 per share for shareholders recorded as of March 19, 2021. This distribution is exclusively sourced from net realized short-term capital gains, with no contributions from net investment income or return of capital. For the fiscal year-to-date, the cumulative distribution amounts to $0.5055 per share, also derived entirely from short-term capital gains. The annualized distribution rate stands at 9.51% of the Fund's net asset value (NAV), with a cumulative total return of 35.36% on NAV.

On February 26, 2021, the Clough Global Opportunities Fund (GLO) announced a monthly distribution of $0.1087 per share for shareholders recorded by February 18, 2021. The distribution is entirely sourced from net realized short-term capital gains, with no contribution from net investment income or return of capital. For the fiscal year-to-date, the cumulative distribution amount is $0.3968 per share, also entirely from short-term gains, representing an annualized distribution rate of 9.68% based on the Fund's Net Asset Value (NAV). Past performance does not guarantee future results.