Welcome to our dedicated page for Clough Global Dividend and Income news (Ticker: GLV), a resource for investors and traders seeking the latest updates and insights on Clough Global Dividend and Income stock.
Clough Global Dividend and Income Fund (GLV) provides investors with a globally diversified portfolio targeting total return through equity and fixed income securities. This news hub delivers timely updates on fund developments, strategic decisions, and market positioning to support informed analysis.
Access authoritative reports on dividend distributions, portfolio rebalancing, and management insights. Our curated collection includes earnings announcements, regulatory filings, and analyses of the fund's performance across shifting market conditions.
Key focus areas include updates on the fund's research-driven investment process, NAV fluctuations, and comparative performance within the closed-end fund sector. Investors will find essential information about capital allocation strategies and income distribution policies.
Bookmark this page for consolidated access to GLV's financial communications. Check regularly for objective reporting on global market exposures and management commentary to enhance your investment research.
Clough Global Dividend and Income Fund has successfully completed its rights offering, issuing 2,807,451 new common shares. This issuance represents one-third of the shares outstanding prior to the offering, with a subscription price of $10.15 per share. The funds will be strategically invested in well-priced sectors within global markets to enhance total return and current income. As of May 31, 2021, the Fund manages approximately $166 million in total assets, aiming for a high level of income and returns for shareholders.
Clough Global Dividend and Income Fund announced the successful completion of its rights offering, set to issue 2,807,451 new common shares around June 30, 2021. This issuance represents one-third of the pre-existing shares. The subscription price was established at $10.15, based on 95% of the average market price from the preceding five trading days. The Fund aims to strategically invest the additional capital to enhance total returns and current income for shareholders.
Clough Capital Partners L.P. is hosting a market update conference call for the Clough Global Dividend and Income Fund (GLV), Clough Global Equity Fund (GLQ), and Clough Global Opportunities Fund (GLO) on June 10, 2021, at 2:30 PM EDT. The call will be led by Chairman Chuck Clough and Rob Zdunczyk, Head of Fixed Income. Each fund is currently offering a one-for-three transferable rights offering under their SEC registration. As of May 31, 2021, GLV had $166 million, GLQ had $367 million, and GLO had $720 million in assets.
The Clough Global Dividend and Income Fund (NYSE MKT: GLV) announced a monthly distribution of $0.0967 per share to shareholders recorded on May 20, 2021. The distribution consists of 9.31% from net investment income and 90.69% as a return of capital. For the fiscal year-to-date, the cumulative distribution is $0.6851 per share, with 87.99% attributed to return of capital. The Fund's annualized distribution rate stands at 9.84% based on the NAV as of April 30, 2021. Shareholders should note that this return of capital does not reflect investment performance.
The Board of Trustees of the Clough Global Dividend and Income Fund (GLV) has announced a transferable rights offering. Shareholders of record as of May 25, 2021, will receive one right for each share held, with every three rights allowing for the subscription of one new share at a calculated subscription price. The offering is expected to begin on May 27, 2021, and expire on June 22, 2021. Rights will trade on the NYSE American starting May 28, 2021. Shareholders exercising their rights will not receive distributions for new shares issued during May or June 2021.
On April 30, 2021, Clough Global Dividend and Income Fund (NYSE MKT: GLV) distributed $0.0967 per share to shareholders recorded as of April 20, 2021. This distribution consists of 19.65% from net investment income and 80.35% as return of capital. For the fiscal year-to-date, cumulative distributions totaled $0.5884 per share, with 12.47% from net investment income and 87.53% from return of capital. The annualized distribution rate stands at 9.99% of the NAV as of March 31, 2021. The Fund's distribution policy is subject to review by the Board of Trustees.
The Clough Global Dividend and Income Fund (GLV) has announced a monthly cash distribution of $0.0967 per share. This payout aligns with the Fund's managed distribution policy, aiming for a distribution rate of one-twelfth of 10% of the adjusted year-ending net asset value (NAV). The distribution dates are as follows: Ex-Dates on April 19, May 19, and June 18, with corresponding Payable Dates on April 30, May 28, and June 30, 2021. The Fund's assets total approximately $165.3 million as of March 31, 2021, targeting high total returns through a diversified investment strategy.
The Clough Global Dividend and Income Fund (GLV) announced a monthly distribution of $0.0967 per share to shareholders, payable on March 31, 2021, to those on record by March 19, 2021. This distribution consists of 27.72% from net investment income and 72.28% as a return of capital. For the fiscal year-to-date, the cumulative distributions amount to $0.4917 per share, with 88.94% attributed to return of capital. The annualized distribution rate stands at 10.13% based on the fund's Net Asset Value (NAV).
On February 26, 2021, the Clough Global Dividend and Income Fund (GLV) announced a monthly distribution of $0.0967 per share for shareholders of record by February 18, 2021. The distribution is largely derived from a return of capital (approximately 90.80%), with only 9.20% from net investment income. For the fiscal year to date, the total distribution amounts to $0.3950 per share. The fund's annualized distribution rate stands at 9.99% of its net asset value (NAV), reflecting a cumulative total return of 16.79% on NAV.
On January 29, 2021, the Clough Global Dividend and Income Fund (NYSE MKT: GLV) announced a monthly distribution of $0.0967 per share, payable to shareholders of record as of January 20, 2021. This distribution consists of approximately 94% return of capital, with only 6% attributed to net investment income. The fund's annualized distribution rate is 9.91% as a percentage of its net asset value (NAV), with a cumulative return of 16.75% on NAV year-to-date.
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