CLOUGH GLOBAL OPPORTUNITIES FUND DECLARES MONTHLY CASH DISTRIBUTIONS FOR APRIL, MAY AND JUNE 2023 OF $0.0483 PER SHARE

Rhea-AI Summary

The Board of Trustees for the Clough Global Opportunities Fund (GLO) has announced a monthly cash distribution of $0.0483 per common share, effective for April, May, and June 2023. This distribution is aligned with the Fund's managed distribution policy, which sets monthly rates at one-twelfth of 10% of the Fund's adjusted year-end net asset value (NAV). The NAV will be determined based on the average of the last five business days of the previous calendar year. The ex-dates for the distributions are April 20, May 18, and June 15, 2023. As of March 31, 2023, the Fund boasts total assets of approximately $428.3 million. Investors can find further details about the Fund's policies and performance on their official website.

Positive

• Monthly distribution of $0.0483 per share indicates a consistent return for investors.
• Fund's total assets amount to approximately $428.3 million as of March 31, 2023.

Negative

• None.

DENVER, April 10, 2023 /PRNewswire/ -- Today, the Board of Trustees (the "Board") for the Clough Global Opportunities Fund (the "Fund") has declared a monthly cash distribution of $0.0483 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: April 20, 2023
Record Date: April 21, 2023
Payable Date: April 28, 2023

Ex-Date: May 18, 2023
Record Date: May 19, 2023
Payable Date: May 31, 2023

Ex-Date: June 15, 2023
Record Date: June 16, 2023
Payable Date: June 30, 2023

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 managers are Chuck Clough and Bill Whelan. As of March 31, 2023 the Fund had approximately $428.3 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 $1.4 billion in assets: $552 million in hedge fund and institutional accounts; $27 million in open-end mutual funds; and $815 million in three closed-end funds (as of March 31, 2023) – 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
Contact: Fund Services Group at 877-256-8445

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SOURCE Clough Global Opportunities Fund

FAQ

What is the cash distribution amount for Clough Global Opportunities Fund (GLO) in April 2023?

The cash distribution amount for Clough Global Opportunities Fund (GLO) in April 2023 is $0.0483 per common share.

What are the ex-dates for the cash distributions of Clough Global Opportunities Fund (GLO)?

The ex-dates for the cash distributions of Clough Global Opportunities Fund (GLO) are April 20, May 18, and June 15, 2023.

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

The investment objective of Clough Global Opportunities Fund (GLO) is to provide a high level of total return by investing in equity-related and fixed-income securities.

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

Clough Global Opportunities Fund (GLO) sets its monthly distribution rate at one-twelfth of 10% of the Fund's adjusted year-end net asset value per share.

What is the total asset size of Clough Global Opportunities Fund (GLO) as of March 31, 2023?

As of March 31, 2023, the total assets of Clough Global Opportunities Fund (GLO) are approximately $428.3 million.