Welcome to our dedicated page for Clough Global Opportunities Fund news (Ticker: GLO), a resource for investors and traders seeking the latest updates and insights on Clough Global Opportunities Fund stock.
Clough Global Opportunities Fund (Symbol: GLO) is a closed-end management investment company based in the United States. The primary investment objective of the Fund is to provide a high level of total return. This objective is pursued by investing in a diversified portfolio that includes both U.S. and non-U.S. equity and debt securities. By leveraging Clough Capital Partners L.P.'s global research capabilities, the Fund makes informed investment decisions to achieve its goals.
The Fund has a managed distribution policy that sets 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). This policy aims to deliver consistent returns to shareholders while maintaining the Fund's long-term investment strategy.
As of March 31, 2024, the Fund had approximately $360.3 million in total assets. The portfolio managers, Chuck Clough and Bill Whelan, utilize a fundamental research-driven investment process to uncover opportunities across various markets and sectors. This approach allows the Fund to adapt to changing market conditions and find the best investment opportunities globally.
Recent achievements include the Fund's monthly distributions of $0.0480 per share, which have been consistent over the past several months. These distributions are paid to shareholders of record at the close of business on the specified record dates. Additionally, the Fund's Board of Trustees actively monitors distribution levels and the financial market environment to ensure the Fund remains on track to meet its investment objectives.
The Fund is part of the broader Clough Capital Partners L.P. family, which manages approximately $1.2 billion in assets across various investment vehicles, including hedge funds, institutional accounts, exchange-traded funds, and other closed-end funds. This extensive experience and diversified approach provide a solid foundation for the Fund's investment strategy.
For shareholders and potential investors, it is important to note that past performance is not indicative of future results. The value of an investment in the Fund is determined by its market price, which can fluctuate based on supply and demand in the open market. Investors are encouraged to review the Fund's annual and semi-annual reports for detailed information about its performance, investment strategy, and financials.
For more information on the Clough Global Opportunities Fund, including its dividend reinvestment plan and other investment opportunities, please visit the Fund's website or contact Clough Capital Partners L.P. directly.
The Clough Global Opportunities Fund (GLO) announced a monthly distribution of $0.0480 per share paid on November 29, 2024. The distribution is entirely classified as return of capital (100%). The Fund's fiscal year-to-date performance shows a cumulative total return on NAV of 30.69% and an annualized distribution rate of 9.49% based on NAV. The Fund's 5-year average annual total return stands at 1.78%. The Fund notes that it has distributed more than its income and net realized capital gains, indicating that part of the distribution represents a return of capital to investors.
Clough Global Opportunities Fund (GLO) announced a monthly distribution of $0.0480 per share paid on October 31, 2024. The distribution sources breakdown shows 100% comes from return of capital for the current distribution. For the fiscal year-to-date, 98.66% is return of capital and 1.34% is net investment income. The Fund's performance metrics include a 33.78% cumulative total return on NAV for the fiscal year to date and a 3.24% average annual total return over the past 5 years. The current annualized distribution rate is 9.19% of NAV.
The Board of Trustees for the Clough Global Opportunities Fund (GLO) has declared a monthly cash distribution of $0.0480 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. Key dates for the distributions include:
- October: Ex-Date and Record Date - Oct 18, Payable Date - Oct 31
- November: Ex-Date and Record Date - Nov 15, Payable Date - Nov 29
- December: Ex-Date and Record Date - Dec 16, Payable Date - Dec 30
The Fund, managed by Clough Capital Partners L.P., aims for high total return by investing in equity, equity-related, and fixed income securities globally. As of September 30, 2024, the Fund had approximately $375.6 million in total assets.
The Clough Global Opportunities Fund (NYSE American:GLO) paid a monthly distribution of $0.0480 per share on September 30, 2024. The distribution is entirely classified as a return of capital. For the fiscal year-to-date, 98.54% of distributions have been return of capital, with only 1.46% from net investment income.
The Fund's performance metrics include an annualized distribution rate of 9.28% and a cumulative total return on NAV of 31.34% for the fiscal year to date. The average annual total return on NAV for the 5-year period ending August 31, 2024, is 2.19%.
The Fund estimates it has distributed more than its income and net realized capital gains, indicating that a portion of the distribution may be a return of capital. Shareholders are advised not to draw conclusions about the Fund's investment performance from this distribution.
The Clough Global Opportunities Fund (NYSE American: GLO) paid a monthly distribution of $0.0480 per share on August 30, 2024. The entire distribution (100%) is classified as a return of capital. For the fiscal year-to-date, 98.40% of distributions have been return of capital, with only 1.60% from net investment income. The Fund's annualized distribution rate is 9.22% of NAV, with a cumulative total return on NAV of 31.00% for the fiscal year to date. The average annual total return on NAV for the 5-year period ending July 31, 2024, is 2.14%. Shareholders are cautioned that the distribution rate should not be considered as dividend yield or total return on investment.
The Clough Global Opportunities Fund (NYSE American: GLO) paid a monthly distribution of $0.0480 per share on July 31, 2024. The distribution is entirely classified as a return of capital. For the fiscal year-to-date, 98.22% of distributions have been return of capital, with only 1.78% from net investment income. The Fund's annualized distribution rate is 9.04% of NAV, with a cumulative distribution rate of 6.79%. The Fund's fiscal year-to-date cumulative total return on NAV is 32.35%, while its 5-year average annual total return is 2.50%. The Fund estimates it has distributed more than its income and net realized capital gains, indicating a portion of the distribution may be a return of capital.
The Clough Global Opportunities Fund has announced monthly cash distributions of $0.0480 per share for July, August, and September 2024. The distribution is based on the Fund's policy to set monthly rates equal to one-twelfth of 10% of the adjusted year-end NAV per share. Key dates include the ex-date, record date, and payable date for each month. The Fund, managed by Clough Capital Partners, aims for high total return through investment in diverse global securities. As of June 30, 2024, the Fund held $408.3 million in total assets. A portion of the distribution may come from various sources, including capital gains and return of capital. Clough Capital manages $1.3 billion in assets across different funds and accounts.
The Clough Global Opportunities Fund (NYSE American:GLO) announced a $0.0480 per share monthly distribution on June 28, 2024, for shareholders of record as of June 17, 2024. This distribution is entirely sourced from the return of capital, as the fund reported no net investment income or capital gains for this period. Fiscal year-to-date, the fund has distributed $0.38460 per share, with 98% attributed to the return of capital.
For the fiscal year ending May 31, 2024, the fund reported an annualized distribution rate of 9.32% of its NAV, a cumulative distribution rate of 6.22%, and a cumulative total return on NAV of 27.25%. The average annual total return on NAV over the past five years was 2.65%. These figures are based on changes in NAV and assume reinvestment of distributions.
The Fund emphasizes that these distributions should not be interpreted as a reflection of investment performance and advises shareholders to review the Form 1099-DIV for accurate tax reporting.
The Boards of Trustees of Clough Capital Partners' closed-end funds, including Clough Global Equity Fund (GLQ), announced the renewal of their share repurchase programs through June 30, 2025.
This program allows the funds to repurchase up to 5% of their outstanding shares in open market transactions to enhance shareholder value, especially when shares trade at a discount to net asset value. Since its initiation in June 2023, GLQ has repurchased 341,800 shares.
Chairman Charles I Clough, Jr. highlighted the program's success, noting its active use since inception. The timing and amount of repurchases will depend on market conditions and other factors, with no obligation to repurchase at specific discount levels or volumes. The activity will be disclosed in annual and semi-annual reports.
The Clough Global Opportunities Fund (NYSE American: GLO) announced a monthly distribution of $0.0480 per share on May 31, 2024. This distribution is entirely sourced from the return of capital. For the fiscal year to date, distributions per share include 2.29% from net investment income and 97.71% from the return of capital. The annualized distribution rate as a percentage of NAV sits at 9.62%, while the cumulative total return on NAV for the fiscal year is 22.19%. The average annual total return on NAV over five years is 0.89%. However, the fund warns that past performance does not guarantee future results. Shareholders should not gauge the fund's performance by the distribution amount alone. The fund's Board of Trustees will continue to monitor distribution levels and adjust if necessary.
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