Clough Global Dividend and Income Fund Section 19(a) Notice

Rhea-AI Summary

Clough Global Dividend and Income Fund (NYSE American: GLV) paid a monthly common-stock distribution of $0.0526 per share on November 28, 2025 to holders of record as of November 17, 2025. The Fund estimates the current distribution and fiscal year-to-date amount is 4.64% net investment income and 95.36% return of capital (per share: $0.00244 income; $0.05016 ROC).

Fiscal figures: Annualized distribution rate of 9.15% of NAV, cumulative total return on NAV of 18.40% (11/1/2024–10/31/2025), and 5-year annualized total return on NAV of 4.61%. Distributions are estimates and tax reporting will be via Form 1099-DIV.

Positive

• Annualized distribution rate of 9.15% of NAV
• Cumulative total return on NAV of 18.40% (11/1/2024–10/31/2025)
• Five-year average annual total return on NAV of 4.61%

Negative

• 95.36% of the current distribution is estimated as return of capital
• Fund estimates it distributed more than its income and net realized gains

News Market Reaction

+0.82%

1 alert

+0.82% News Effect

On the day this news was published, GLV gained 0.82%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Monthly distribution: $0.0526 per share Net investment income: $0.00244 per share Return of capital: $0.05016 per share +5 more

8 metrics

Monthly distribution $0.0526 per share Paid Nov 28, 2025 on common stock

Net investment income $0.00244 per share Current distribution source; 4.64% of payout

Return of capital $0.05016 per share Current distribution source; 95.36% of payout

NII share of distribution 4.64% Portion of current and FY-to-date distribution

ROC share of distribution 95.36% Portion of current and FY-to-date distribution

Annualized distribution rate 9.15% As a percentage of NAV for FY 11/1/2024–10/31/2025

Cumulative total return on NAV 18.40% Fiscal YTD 11/1/2024–10/31/2025, with reinvested distributions

5-year annualized NAV return 4.61% Average annual total return on NAV ending 10/31/2025

Market Reality Check

Price: $6.32 Vol: Volume 25,677 versus 20-d...

normal vol

$6.32 Last Close

Volume Volume 25,677 versus 20-day average 36,125 indicates below-normal trading activity ahead of this notice. normal

Technical Shares at $6.07, trading above 200-day MA of $5.69 and about 4.41% below the 52-week high.

Peers on Argus

GLV’s modest 0.18% gain contrasts with mixed peer moves: EEA up 1.62%, FCO down ...

GLV’s modest 0.18% gain contrasts with mixed peer moves: EEA up 1.62%, FCO down 0.7%, PGZ slightly lower, and DMA/VLT flat, suggesting stock-specific income news rather than a broad asset‑management move.

Historical Context

5 past events · Latest: Nov 28 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Nov 28	Section 19(a) notice	Neutral	+0.8%	Monthly payout of $0.0526 with detailed income versus return of capital mix.
Oct 31	Section 19(a) notice	Neutral	+0.6%	Monthly $0.0526 distribution with 97.89% classified as return of capital.
Oct 07	Dividend declaration	Positive	+0.8%	Declared three monthly $0.0526 payouts under managed distribution policy.
Sep 30	Section 19(a) notice	Neutral	+0.8%	September $0.0526 distribution with majority return of capital component.
Aug 29	Section 19(a) notice	Neutral	+0.5%	August $0.0526 payout, largely sourced from return of capital per notice.

Pattern Detected

Dividend and Section 19(a) communications have recently coincided with small positive moves, with an average change of about 0.59% after such announcements.

Recent Company History

Over the last several months, GLV has consistently paid a monthly distribution of $0.0526 per share, with Section 19(a) notices showing a high proportion of distributions classified as return of capital. Performance metrics have highlighted an improving cumulative total return on NAV and a stable annualized distribution rate near 9–10%. Each of these dividend‑related updates, including the current notice, has been followed by modestly positive price reactions in the 0.27–0.84% range.

Market Pulse Summary

This announcement details GLV’s monthly distribution of $0.0526 per share, with only 4.64% from net ...

Analysis

This announcement details GLV’s monthly distribution of $0.0526 per share, with only 4.64% from net investment income and 95.36% classified as return of capital. It also highlights an annualized distribution rate of 9.15% on NAV and a fiscal year‑to‑date NAV total return of 18.40%. Investors may focus on how often distributions exceed income and realized gains, and how that pattern interacts with the fund’s longer‑term 4.61% 5‑year annualized NAV return.

Key Terms

investment company act of 1940, return of capital, net asset value, managed distribution plan, +3 more

7 terms

investment company act of 1940 regulatory

"for purposes of Section 19 of the Investment Company Act of 1940"

A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.

return of capital financial

"a portion of your distribution may be a return of capital."

Return of capital is when an investor receives money from their investment that is not considered profit or earnings but rather a portion of the original amount they invested. It’s similar to getting back part of your initial savings rather than gains from it. This matters because it can affect how much money an investor still has in the investment and may have tax implications.

net asset value financial

"based on the change in the Fund's Net Asset Value per share ("NAV")"

Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.

managed distribution plan financial

"from the terms of the Fund's Managed Distribution Plan."

A managed distribution plan is a company’s program to pay regular, predictable cash amounts to shareholders by setting a fixed schedule and target payout, often funded from operating cash, reserves, or return of capital. Think of it like a household budget that guarantees a monthly allowance: it provides steady income for investors but can mask when distributions exceed sustainable earnings, which may reduce the company’s capital over time and affect long‑term value.

form 1099-div regulatory

"The Fund will send you a Form 1099-DIV for the calendar year"

Form 1099-DIV is a U.S. tax document brokers, mutual funds and other financial institutions send to investors showing dividends and other distributions paid during the year. Investors use it like an annual receipt to report taxable income — including regular dividends, dividends that may qualify for lower tax rates, and capital gains distributions — so it directly affects tax liability and helps reconcile brokerage records with a tax return.

annualized distribution rate financial

"Annualized Distribution Rate as a Percentage of NAV^"

The annualized distribution rate shows how much income a financial investment is expected to generate over a year, expressed as a percentage of its current value. It helps investors understand the potential yearly earnings they might receive from their investment, similar to how a rental property’s annual rent income relates to its value. This rate allows for easy comparison between different investments based on their income potential.

rights offering financial

"and that all rights in the Fund's rights offering were exercised"

A rights offering is a way for a company to raise additional money by giving existing shareholders the opportunity to buy more shares at a discounted price before they are offered to the public. It’s similar to a special sale where current owners get the first chance to buy extra items at a lower cost, allowing them to increase their investment if they choose. This process matters to investors because it can affect the value of their holdings and their ability to buy new shares at favorable terms.

AI-generated analysis. Not financial advice.

DENVER, CO / ACCESS Newswire / November 28, 2025 / On November 28, 2025, the Clough Global Dividend and Income Fund (NYSE American:GLV) (the "Fund"), a closed-end fund, paid a monthly distribution on its common stock of $0.0526 per share to shareholders of record at the close of business on November 17, 2025.

The following table sets forth the estimated amount of the sources of distribution for purposes of Section 19 of the Investment Company Act of 1940, as amended, and the related rules adopted thereunder. The Fund estimates the following percentages, of the total distribution amount per share, attributable to (i) current and prior fiscal year net investment income, (ii) net realized short-term capital gain, (iii) net realized long-term capital gain and (iv) return of capital or other capital source as a percentage of the total distribution amount. These percentages are disclosed for the current distribution as well as the fiscal year-to-date cumulative distribution amount per share for the Fund.

Current Distribution from:
		Per Share ($)				%
Net Investment Income			0.00244				4.64	%
Net Realized Short-Term Capital Gain			0.00000				0.00	%
Net Realized Long-Term Capital Gain			0.00000				0.00	%
Return of Capital or other Capital Source			0.05016				95.36	%
Total (per common share)			0.05260				100.00	%
Fiscal Year-to-Date Cumulative Distributions from:
		Per Share ($)				%
Net Investment Income			0.00244				4.64	%
Net Realized Short-Term Capital Gain			0.00000				0.00	%
Net Realized Long-Term Capital Gain			0.00000				0.00	%
Return of Capital or other Capital Source			0.05016				95.36	%
Total (per common share)			0.05260				100.00	%

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and not for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income.'

Presented below are return figures, based on the change in the Fund's Net Asset Value per share ("NAV"), compared to the annualized distribution rate for this current distribution as a percentage of the NAV on the last business day of the month prior to distribution record date.

Fund Performance & Distribution Information

Fiscal Year to Date (11/1/2024 through 10/31/2025)
Annualized Distribution Rate as a Percentage of NAV^			9.15	%
Cumulative Distribution Rate on NAV^+			0.76	%
Cumulative Total Return on NAV*			18.40	%
Average Annual Total Return on NAV for the 5-Year Period Ending 10/31/2025**			4.61	%

Past performance is not indicative of future results.

^ Based on the Fund's NAV as of October 31, 2025.

⁺Cumulative distribution rate is based on distributions paid to date for the period November 1, 2025 through
November 30, 2025.

*Cumulative fiscal year-to-date return is based on the change in NAV including distributions paid and assuming reinvestment of these distributions for the period November 1, 2024 through October 31, 2025.

**The 5-year annualized total return is based on change in NAV including distributions paid and assuming reinvestment of these distributions and that all rights in the Fund's rights offering were exercised, as of the last business day of the month prior to the month of the current distribution record date.

While the NAV performance may be indicative of the Fund's investment performance, it does not measure the value of a shareholder's investment in the Fund. The value of a shareholder's investment in the Fund is determined by the Fund's market price, which is based on the supply and demand for the Fund's shares in the open market.

Shareholders should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's Managed Distribution Plan.

Furthermore, the Board of Trustees reviews the amount of any potential distribution and the income, capital gain or capital available. The Board of Trustees will continue to monitor the Fund's distribution level, taking into consideration the Fund's net asset value and the financial market environment. The Fund's distribution policy is subject to modification by the Board of Trustees at any time. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.

Contact Info:

Website: https://www.cloughcapital.com/cefs/glv/
Email: cloughclientinquiries@paralel.com

SOURCE: Clough Global Dividend and Income Fund | GLV

View the original press release on ACCESS Newswire

FAQ

What did GLV announce for the November 28, 2025 distribution?

GLV paid a monthly distribution of $0.0526 per share on November 28, 2025 to record holders on November 17, 2025.

How much of the GLV November 2025 distribution is return of capital?

The Fund estimates 95.36% of the distribution is return of capital (per share $0.05016).

What is GLV's annualized distribution rate as a percentage of NAV for FYTD 2025?

The Fund reports an annualized distribution rate of 9.15% of NAV for the fiscal year-to-date period shown.

Will GLV send tax reporting for the 2025 distributions?

Yes. The Fund will send a Form 1099-DIV for calendar year tax reporting; current figures are estimates only.

What was GLV's cumulative total return on NAV for the fiscal period ending 10/31/2025?

Cumulative total return on NAV for 11/1/2024 through 10/31/2025 was 18.40%.

Does a return of capital distribution from GLV indicate investment performance?

No. The Fund notes a return of capital does not necessarily reflect investment performance and should not be confused with yield or income.