Clough Global Dividend and Income Fund Declares Monthly Cash Distributions for January, February, and March 2024 of $0.0526 Per Share
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The announcement by the Clough Global Dividend and Income Fund of a set monthly cash distribution represents a strategic approach to shareholder returns, which can have a significant impact on investor sentiment and fund attractiveness. The distribution rate, pegged at one twelfth of 10% of the Fund's adjusted year-end net asset value (NAV), is an indicator of the Fund's performance and its ability to generate returns for shareholders.
Investors typically look to the NAV as a benchmark for the intrinsic value of the fund's shares. A consistent distribution policy can be a sign of stability, but it is crucial to monitor the sources of the distribution. If distributions are frequently derived from capital rather than income, this might erode the fund's asset base over time, potentially leading to a reduction in future income and a possible depreciation in share value.
The Fund's total asset base of approximately $110.2 million, as of the latest report and its diversified investment in equity and fixed income securities, both domestic and international, suggest a broad approach to income generation. However, investors should be aware of the risks inherent in such diversification, including currency risk, geopolitical risk and market volatility.
The distribution policy of the Clough Global Dividend and Income Fund may influence market perception and the demand for its shares. By offering a monthly cash distribution, the Fund provides a regular income stream, which is particularly attractive to income-focused investors, such as retirees. This could potentially increase the Fund's appeal in the secondary market where its shares are traded.
Moreover, the fund's managed distribution policy can help mitigate the discount to NAV that often plagues closed-end funds, as regular distributions may encourage investor interest and thus support the share price. However, the market will also consider the sustainability of these distributions, their impact on the fund's capital and the overall performance of the fund's investments.
It is also important to note the role of the portfolio managers, Chuck Clough and Bill Whelan, whose investment decisions will directly affect the success of the Fund's strategy. Their track record and the performance of the Fund relative to its peers and benchmarks will be closely scrutinized by investors and analysts alike.
DENVER, CO / ACCESSWIRE / January 8, 2024 / 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: January 18, 2024
Record Date: January 19, 2024
Payable Date: January 31, 2024
Ex-Date: February 15, 2024
Record Date: February 16, 2024
Payable Date: February 29, 2024
Ex-Date: March 14, 2024
Record Date: March 15, 2024
Payable Date: March 28, 2024
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 29, 2023 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.
SOURCE: Clough Global Dividend and Income Fund | GLV
View the original press release on accesswire.com
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