Clough Global Opportunities Fund Declares Monthly Cash Distributions For April, May and June 2024 of $0.0480 Per Share
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Insights
The announcement of a monthly cash distribution by the Clough Global Opportunities Fund represents a tangible return to shareholders, signaling the Fund's current financial health and its commitment to providing consistent income. When a fund sets a distribution rate based on a percentage of the NAV, it's essential to assess the sustainability of these payouts. A distribution rate of 10% annually is notably high, which may attract income-focused investors but also raises questions about the long-term impact on the fund's asset base.
Investors should be aware that distributions can come from various sources, including net income and capital gains, but also return of capital. A return of capital reduces the fund's NAV and can indicate that the fund is not generating enough income from its investments to meet the distribution. It's important for investors to consider the final determination of the distribution sources at year-end, as this can affect the tax implications and the true income-generating ability of the Fund.
The Fund's strategy of investing in a mix of equity and equity-related securities, as well as fixed income, reflects a balanced approach aimed at total return. The global investment mandate allows for diversification across geographies and asset classes, which can be beneficial during periods of volatility in U.S. markets. However, global exposure also introduces foreign exchange risk and potential complications from geopolitical events.
The Fund's assets under management (AUM) of approximately $360.3 million, as of the latest report, provide some insight into its scale and potential market impact. While not a large fund by global standards, the AUM level suggests a moderate level of investor interest and capacity for diversification. The share price of closed-end funds like this one is determined by market value, which can trade at a premium or discount to NAV, adding another layer of consideration for potential investors.
Investors considering the Clough Global Opportunities Fund should take note of its closed-end structure, which differs from open-end mutual funds. Closed-end funds typically trade on the secondary market and can experience price fluctuations independent of their NAV. This can lead to opportunities if the shares trade at a discount, but it also means that liquidity and market sentiment can significantly affect an investor's ability to buy or sell shares at favorable prices.
Moreover, the Fund's dividend reinvestment plan is an aspect that investors might want to explore. Reinvesting dividends can compound returns over time, but it also means that investors will not receive cash distributions, which may be a consideration for those relying on this income. As with any investment, potential investors should thoroughly read the Fund's prospectus and annual or semi-annual reports to understand the risks, charges and expenses associated with the Fund.
DENVER, CO / ACCESSWIRE / April 5, 2024 / Today, the Board of Trustees (the "Board") for the Clough Global Opportunities Fund (the "Fund") has declared a monthly cash distribution of
The following dates apply to the distributions declared:
Ex-Date: April 18, 2024
Record Date: April 19, 2024
Payable Date: April 30, 2024
Ex-Date: May 16, 2024
Record Date: May 17, 2024
Payable Date: May 31, 2024
Ex-Date: June 17, 2024
Record Date: June 17, 2024
Payable Date: June 28, 2024
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, 2024, the Fund had approximately
Clough Capital Partners L.P.
Clough Capital Partners L.P. is a Boston-based investment advisory firm which manages approximately
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.cloughcefs.com or call 1-855-425-6844. Read the prospectus 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.
SOURCE: Clough Global Opportunities Fund | GLO
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