Clough Global Dividend and Income Fund Declares Monthly Cash Distributions for October, November and December 2024 of $0.0526 Per Share

Rhea-AI Summary

The Board of Trustees for the Clough Global Dividend and Income Fund (GLV) has declared a monthly cash distribution of $0.0526 per common share for October, November, and December 2024. The Fund's managed distribution policy sets the monthly rate at one-twelfth of 10% of the Fund's adjusted year-end net asset value per share. Ex-dates are October 18, November 15, and December 16, with corresponding payable dates on October 31, November 29, and December 30, 2024.

The Fund, with approximately $117.9 million in total assets as of September 30, 2024, aims to provide a high level of total return through investments in equity, equity-related, and fixed income securities in both U.S. and non-U.S. markets. Clough Capital Partners L.P., the investment advisory firm managing the Fund, oversees about $1.3 billion in assets across various investment vehicles.

Positive

• Monthly cash distribution of $0.0526 per share declared for three consecutive months
• Managed distribution policy based on 10% of adjusted year-end NAV
• Fund has $117.9 million in total assets as of September 30, 2024
• Investment advisory firm manages approximately $1.3 billion in assets

Negative

• A portion of the distribution may be treated as return of capital, not income

DENVER, CO / ACCESSWIRE / October 7, 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 $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 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: October 18, 2024
Record Date: October 18, 2024
Payable Date: October 31, 2024

Ex-Date: November 15, 2024
Record Date: November 15, 2024
Payable Date: November 29, 2024

Ex-Date: December 16, 2024
Record Date: December 16, 2024
Payable Date: December 30, 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 September 30, 2024, the Fund had approximately $117.9 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: $523 million in hedge fund and institutional accounts, $54 million in exchange-traded funds, and $691 million in three closed-end funds (as of August 31, 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 Clough Global Dividend and Income Fund (GLV) in Q4 2024?

The Clough Global Dividend and Income Fund (GLV) has declared a monthly cash distribution of $0.0526 per common share for October, November, and December 2024.

When are the ex-dates and payable dates for GLV's Q4 2024 distributions?

The ex-dates are October 18, November 15, and December 16, 2024. The corresponding payable dates are October 31, November 29, and December 30, 2024.

How does GLV determine its monthly distribution rate?

GLV sets its monthly distribution rate at one-twelfth of 10% of the Fund's adjusted year-end net asset value per share, based on the average of the NAVs as of the last five business days of the prior calendar year.

What was the total asset value of GLV as of September 30, 2024?

As of September 30, 2024, the Clough Global Dividend and Income Fund (GLV) had approximately $117.9 million in total assets.