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  4. [8-K] Clough Global Dividend & Income Fund Reports Material Event

Clough Global (NYSE: GLV) extends 5% share repurchase plan to 2027

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Clough Global Dividend & Income Fund has renewed its open-market share repurchase program. The Board of Trustees authorized the Fund to buy back up to 5% of its outstanding common shares in open-market transactions through June 30, 2027.

The program, originally approved in June 2023 and renewed annually, is intended to enhance shareholder value by allowing repurchases when shares trade at a discount to net asset value. Repurchases, if any, will occur on a national securities exchange at prevailing market prices, with activity disclosed in the Fund’s annual and semi-annual reports.

Positive

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Negative

  • None.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Repurchase authorization Up to 5% of outstanding common shares Open-market share repurchase program through June 30, 2027
Program term end date June 30, 2027 End of current renewal period for share repurchases
GLV shares repurchased 299,900 shares Repurchased from June 2023 program start through May 30, 2026
GLQ shares repurchased 386,500 shares Repurchased from June 2023 program start through May 30, 2026
GLO shares repurchased 779,500 shares Repurchased from June 2023 program start through May 30, 2026
Assets under management $1.4 billion+ Clough Capital Partners AUM as of March 31, 2026
share repurchase program financial
"each Fund has renewed its share repurchase program under which it may purchase"
A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.
net asset value financial
"when trading at a discount to their net asset value per share"
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.
closed-end fund financial
"Each Fund is a closed-end fund, which does not continuously issue shares"
A closed-end fund is a pool of money collected from many investors to buy a diversified mix of stocks, bonds, or other assets, and it is managed by professionals. Unlike some investment options, its shares are bought and sold on stock exchanges at prices determined by supply and demand, which can be above or below the fund's actual value. This structure allows investors to buy or sell shares easily, but the value may fluctuate based on market conditions.
forward-looking statements regulatory
"Certain statements made on behalf of the Funds may be considered forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
alternative asset management firm financial
"is a global multi-strategy alternative asset management firm founded in 1999"
An alternative asset management firm is a company that manages investments outside of traditional assets like stocks and bonds, focusing instead on options such as real estate, private companies, or commodities. These firms help investors diversify their portfolios and seek higher returns by exploring different kinds of investments that are less common and often less liquid. Their role is important because they provide access to opportunities that can improve overall investment performance and reduce risk.
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Understanding 8-K Material Events →

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

June 12, 2026 (June 12, 2026)

Date of Report (Date of earliest event reported)

 

Clough Global Dividend & Income Fund

(Exact name of registrant as specified in its charter)

 

Delaware

  

811-21583

  

20-1048784

 (State or other jurisdiction of incorporation)

  

 (Commission File Number)

  

 (IRS Employer Identification No.)

 

1700 Broadway, Suite 2100, Denver, CO   80290
(Address of principal executive offices)   (Zip Code)

 

  (855) 425-6844  
(Registrant's telephone number, including area code)
 
     
(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

  ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

  

 

Item 8.01.     Other Events.

 

On June 12, 2026, Clough Global Dividend & Income Fund (the “Fund”), a closed-end fund, issued a press release in connection with the Fund’s Board of Trustees’ renewal of its open-market share repurchase program pursuant to which the Fund may purchase, through June 30, 2027, up to 5% of its outstanding common shares in open-market transactions. Details of the press release can be found in the attached Exhibit 99.1 and is incorporated by reference into this Item 8.01.

 

Item 9.01.     Financial Statements and Exhibits

 

(d) Exhibits

 

The following Exhibit is filed as part of this Report.

 

Exhibit No. Description
99.1 Clough Global Dividend & Income Fund - Press Release dated June 12, 2026

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: June 12, 2026 By: /s/ Christopher Moore  
    Christopher Moore  
    Secretary  

 

  

 

 

Clough Global Dividend & Income Fund 8-K

 

Exhibit 99.1

 

CLOUGH CLOSED-END FUNDS ANNOUNCE RENEWAL OF SHARE REPURCHASE PROGRAMS

 

Denver, CO - The Boards of Trustees (the "Boards") of the following closed-end funds (the “Funds”) advised by Clough Capital Partners L.P. (the "Adviser" or “Clough Capital”) announced that each Fund has renewed its share repurchase program under which it may purchase up to 5% of its outstanding common shares in open market transactions through June 30, 2027:

 

–Clough Global Equity Fund (NYSE American: GLQ)
–Clough Global Opportunities Fund (NYSE American: GLO)
–Clough Global Dividend & Income Fund (NYSE American: GLV)

 

The share repurchase programs were originally approved in June 2023 and have been renewed annually thereafter. These programs are designed to enhance shareholder value by permitting the Funds to purchase their shares when trading at a discount to their net asset value per share. Since the June 2023 commencement of the share repurchase programs through May 30, 2026, GLV, GLQ and GLO have repurchased 299,900, 386,500 and 779,500 shares, respectively.

 

The amount and timing of repurchases will be at the discretion of the Adviser, subject to market conditions and investment considerations. There is no assurance that the Funds will purchase shares at any particular discount levels or in any particular amounts. Any repurchases made under these programs will be made on a national securities exchange at the prevailing market price, subject to exchange requirements and volume, timing and other limitations under federal securities laws. The Funds' repurchase activity will be disclosed in the annual and semi-annual reports to shareholders. The Boards will monitor the share repurchase programs on an ongoing basis, considering a range of strategic options to enhance shareholder value in the long-term.

 

Certain statements made on behalf of the Funds may be considered forward-looking statements. The Funds’ actual results may differ significantly from those anticipated in any forward-looking statements due to numerous factors, including but not limited to a decline in value in the general markets or the Funds' investments specifically. Neither the Funds nor the Adviser undertake any responsibility to update publicly or revise any forward-looking statement.

 

Clough Capital Partners L.P.

 

Clough Capital, investment adviser to the Funds, is a global multi-strategy alternative asset management firm founded in 1999 that manages over $1.4 billion in assets as of March 31, 2026. Clough Capital employs fundamental research to invest in public and private markets, across various asset classes and manage an array of strategies for its clients. More information is available at www.cloughcapital.com.

 

An investor should consider the investment objectives, risks, charges and expenses carefully before investing in a Fund. To obtain a Fund’s prospectus, annual report or semi-annual report, which contains this and other information visit www.cloughcefs.com or call (855) 425-6844. Read them carefully before investing.

 

This press release is not a solicitation to buy or sell fund shares. Each Fund is a closed-end fund, which does not continuously issue shares for sale as open-end mutual funds do. Since the initial public offerings, each 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 and often trade at a discount to their net asset value, which can increase an investor’s risk of loss. All investments are subject to risk, including the risk of loss.

 

Inquiries: (855) 425-6844 or cloughclientinquiries@paralel.com.

 

 

 

Source: View Original Filing on SEC EDGAR

FAQ

What did Clough Global Dividend & Income Fund (GLV) announce in this 8-K?

Clough Global Dividend & Income Fund renewed its open-market share repurchase program, authorizing purchases of up to 5% of outstanding common shares through June 30, 2027, when shares trade at a discount to net asset value.

How large is Clough Global Dividend & Income Fund’s share repurchase authorization?

The fund may repurchase up to 5% of its outstanding common shares in open-market transactions. This gives flexibility to buy back stock when it trades below net asset value, potentially supporting shareholder value over time.

How long will Clough Global Dividend & Income Fund’s renewed buyback program run?

The renewed share repurchase program allows Clough Global Dividend & Income Fund to buy back shares through June 30, 2027. The amount and timing of any repurchases will be at the adviser’s discretion, subject to market and regulatory conditions.

What is the purpose of Clough closed-end funds’ share repurchase programs?

The programs are designed to enhance shareholder value by permitting the funds to buy back shares when they trade at a discount to net asset value per share. Such repurchases may help address persistent discounts in the secondary market.

How many shares have Clough funds repurchased since June 2023?

From June 2023 through May 30, 2026, GLV, GLQ and GLO repurchased 299,900, 386,500 and 779,500 shares, respectively. These figures show how the programs have been used since their initial approval.

How much in assets does Clough Capital Partners manage as adviser to the funds?

Clough Capital Partners L.P., the adviser to the funds, manages over $1.4 billion in assets as of March 31, 2026. It is a global multi-strategy alternative asset management firm investing across various asset classes.

Filing Exhibits & Attachments

1 document

Press Releases