Clough Global Dividend and Income Fund reports news centered on its role as a listed closed-end fund with an objective of providing a high level of total return. The Fund invests through a fundamental research-driven process in equity and equity-related securities and fixed income securities, including corporate and sovereign debt, across U.S. and non-U.S. markets.
Recurring updates include monthly cash distribution declarations under the Fund's managed distribution policy and Section 19(a) notices under the Investment Company Act of 1940. Those notices describe estimated distribution sources, NAV-based performance measures, distribution rates, and the relationship between net asset value and market price for the Fund's common shares.
On July 31, 2020, the Clough Global Dividend and Income Fund (NYSE MKT: GLV) announced a monthly distribution of $0.1008 per share to shareholders of record as of July 21, 2020. The distribution comprises 14.19% from net investment income and 85.81% as a return of capital. For the fiscal year-to-date, the fund reported a cumulative distribution rate of 8.97% and a cumulative total return on NAV of -9.88%. The board will continue to evaluate the fund's distribution based on net asset value and market conditions.