Clough Global Dividend and Income Fund Declares Monthly Cash Distributions for January, February and March 2025 of $0.0526 Per Share

Rhea-AI Summary

Clough Global Dividend and Income Fund (GLV) has declared monthly cash distributions of $0.0526 per share for January, February, and March 2025. The distributions will be paid on January 31, February 28, and March 31, 2025, respectively.

The Fund's managed distribution policy sets monthly distributions at one-twelfth of 10% of the Fund's adjusted year-end net asset value per share, calculated as the average of the last five business days' NAVs of the prior calendar year.

As of December 31, 2024, the Fund had approximately $108.7 million in total assets. The Fund aims to provide a high level of total return through investments in equity, equity-related securities, and fixed income securities in both U.S. and non-U.S. markets. The distributions may include sources other than net income, such as short-term capital gain, long-term capital gain, and return of capital.

Positive

• Monthly dividend distribution maintains steady income stream for shareholders
• Fund maintains substantial asset base of $108.7 million
• Clear distribution policy tied to NAV provides predictability for investors

Negative

• Distributions may include return of capital, potentially reducing investment base
• Total assets of $108.7M show relatively small fund size, potentially affecting liquidity

DENVER, CO / ACCESSWIRE / January 7, 2025 / Today, the Board of Trustees (the "Board") for the Clough Global Dividend and Income Fund (the "Fund") has declared a monthly cash distribution of $0.0526 per common share, payable on the dates noted below. The Fund's managed distribution policy is to set the monthly distribution rate at an amount equal to at least one twelfth of 10% of the Fund's adjusted year-end net asset value per share ("NAV"), which will be the average of the NAVs as of the last five business days of the prior calendar year.

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 Dividend and Income Fund

The Fund is a closed-end fund with an investment objective of providing a high level of total return. The Fund seeks to pursue 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, 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 $108.7 million in total assets. More information, including the Fund's dividend reinvestment plan, can be found at www.cloughcefs.com or call 1-855-425-6844.

Clough Capital Partners L.P.*

Clough Capital Partners L.P. is a Boston-based investment advisory firm which manages approximately $1.3 billion in assets: $536 million in hedge fund and institutional accounts, $59 million in exchange-traded funds, and $660 million in three closed-end funds (as of November 30, 2024) - Clough Global Dividend and Income Fund (GLV), Clough Global Equity Fund (GLQ), and Clough Global Opportunities Fund (GLO).

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 Dividend and Income 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 Dividend and Income Fund | GLV

View the original press release on accesswire.com

FAQ

What is the monthly distribution amount for GLV in Q1 2025?

GLV will distribute $0.0526 per share monthly for January, February, and March 2025.

When are GLV's Q1 2025 distribution payment dates?

The payment dates are January 31, February 28, and March 31, 2025.

What is GLV's total asset value as of December 2024?

The Fund had approximately $108.7 million in total assets as of December 31, 2024.

How does GLV determine its monthly distribution amount?

GLV sets the monthly distribution 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.

What are the ex-dividend dates for GLV's Q1 2025 distributions?

The ex-dividend dates are January 17, February 18, and March 18, 2025.