Clough Global Dividend and Income Fund Declares Monthly Cash Distributions for April, May and June 2025 of $0.0526 Per Share
Rhea-AI Summary
Clough Global Dividend and Income Fund (GLV) has announced monthly cash distributions of $0.0526 per share for April, May, and June 2025. The distributions will be payable on April 30, May 30, and June 30, 2025, respectively.
The Fund's managed 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. As of March 31, 2025, the Fund had approximately $113.3 million in total assets.
The Fund, managed by Chuck Clough and Bill Whelan, aims for high total return by investing in equity, equity-related securities, and fixed income securities in both U.S. and non-U.S. markets. Clough Capital Partners L.P. manages approximately $1.3 billion in total assets, including $505 million in hedge fund accounts, $64 million in ETFs, and $693 million across three closed-end funds.
Positive
- Consistent monthly dividend payments of $0.0526 per share
- Clear distribution policy tied to NAV provides predictability for investors
- Diversified investment approach across multiple asset classes and markets
- Part of a larger fund family with $1.3 billion in total managed assets
Negative
- Distributions may include return of capital, not just income
- Final source of distributions and qualified dividend income percentage unknown until year-end
News Market Reaction
On the day this news was published, GLV declined 0.98%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
DENVER, CO / ACCESS Newswire / April 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
The following dates apply to the distributions declared:
Ex-Date: April 17, 2025
Record Date: April 17, 2025
Payable Date: April 30, 2025
Ex-Date: May 19, 2025
Record Date: May 19, 2025
Payable Date: May 30, 2025
Ex-Date: June 17, 2025
Record Date: June 17, 2025
Payable Date: June 30, 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 March 31, 2025, 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 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 ACCESS Newswire
FAQ
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