CLOUGH GLOBAL OPPORTUNITIES FUND DECLARES MONTHLY CASH DISTRIBUTIONS FOR OCTOBER, NOVEMBER AND DECEMBER 2022 OF $0.0943 PER SHARE

Rhea-AI Summary

The Clough Global Opportunities Fund (GLO) has announced a monthly cash distribution of $0.0943 per common share for October, November, and December 2022. This distribution aligns with the Fund's managed policy to set the monthly rate at one twelfth of 10% of the adjusted year-end net asset value (NAV). Key dates include an ex-date of October 20, 2022, and payable dates at the month’s end. The Fund, with approximately $569 million in total assets as of September 30, 2022, aims for high total returns through diversified investments in equity and fixed-income securities.

Positive

• Monthly distribution of $0.0943 per common share reflects the Fund's managed distribution policy.
• Fund had approximately $569 million in total assets as of September 30, 2022.

Negative

• None.

DENVER, Oct. 11, 2022 /PRNewswire/ -- Today, the Board of Trustees (the "Board") for the Clough Global Opportunities Fund (the "Fund") has declared a monthly cash distribution of $0.0943 per common share, payable on the dates noted below. The Fund's managed distribution policy is to set 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"), which will be the average of the NAVs as of the last five business days of the prior calendar year.

The following dates apply to the distributions declared:

Ex-Date: October 20, 2022
Record Date: October 21, 2022
Payable Date: October 31, 2022

Ex-Date: November 17, 2022
Record Date: November 18, 2022
Payable Date: November 30, 2022

Ex-Date: December 19, 2022
Record Date: December 20, 2022
Payable Date: December 30, 2022

A portion of the distribution may be treated as paid from sources other than net income, including but not limited to short-term capital gain, long-term capital gain and return of capital. The final determination of the source of all distributions, including the percentage of qualified dividend income, will be made after year-end.

The Clough Global Opportunities Fund

The Fund is a closed-end fund with an investment objective of providing a high level of total return. The Fund seeks to achieve this objective by applying a fundamental research-driven investment process and will invest in equity and equity-related securities as well as fixed income securities, including both corporate and sovereign debt. Utilizing Clough Capital Partners L.P.'s global research capabilities, the Fund will invest in both U.S. and non-U.S. markets. The Fund's portfolio manager is Chuck Clough. As of September 30, 2022 the Fund had approximately $569 million in total assets. More information, including the Fund's dividend reinvestment plan, can be found at www.cloughglobal.com or call 877-256-8445.

Clough Capital Partners L.P.

Clough Capital Partners L.P. is a Boston-based investment advisory firm which manages approximately $1.6 billion in assets: $543 million in hedge fund and institutional accounts; $39 million in open-end mutual funds; and $1.0 billion in three closed-end funds (as of September 30, 2022) – Clough Global Dividend and Income Fund (GLV), Clough Global Equity Fund (GLQ), and Clough Global Opportunities Fund (GLO).

An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain an annual report or semi-annual report which contains this and other information visit www.cloughglobal.com or call 877-256-8445. Read them carefully before investing.

The Clough Global Opportunities Fund is a closed-end fund and closed-end funds do not continuously issue shares for sale as open-end mutual funds do. Since the initial public offering, the 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.        

Forward-looking statements are based on information that is available on the date hereof, and neither the fund manager nor any other person affiliated with the fund manager has any duty to update any forward-looking statements. Important factors that could affect actual results to differ from these statements include, among other factors, material, negative changes to the asset class and the actual composition of the portfolio.

ALPS Portfolio Solutions Distributor, Inc, FINRA Member Firm.

Clough Global Opportunities Fund (NYSE MKT: GLO)
1290 Broadway, Suite 1000
Denver, CO 80203 

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SOURCE Clough Global Opportunities Fund

FAQ

What is the distribution rate for Clough Global Opportunities Fund (GLO) in October 2022?

The distribution rate for October 2022 is $0.0943 per common share.

What are the key dates for the Clough Global Opportunities Fund (GLO) distribution in 2022?

Key dates include the ex-date on October 20, record date on October 21, and payable date on October 31, 2022.

How does Clough Global Opportunities Fund (GLO) determine its cash distribution?

The Fund sets its monthly distribution rate as one twelfth of 10% of its adjusted year-end net asset value per share.

What is the investment objective of Clough Global Opportunities Fund (GLO)?

The investment objective is to provide a high level of total return through diversified investments.

What type of assets does Clough Global Opportunities Fund (GLO) invest in?

The Fund invests in equity, equity-related securities, as well as fixed income securities.