Clough Global Opportunities Fund Declares Monthly Cash Distributions for January, February, and March 2021 of $0.1087 Per Share

Rhea-AI Summary

The Board of Trustees for the Clough Global Opportunities Fund (GLO) has declared a monthly cash distribution of $0.1087 per common share, marking a 21% increase from the previous amount. This increase aligns with the Fund's policy of distributing an amount equal to one twelfth of 10% of the adjusted year-ending net asset value per share. Key dates for the distributions include:

• Ex-Date: January 19, 2021
• Record Date: January 20, 2021
• Payable Date: January 29, 2021

As of December 31, 2020, the Fund had approximately $661.1 million in total assets.

Positive

• 21% increase in monthly cash distribution to $0.1087 per share.
• Fund manages approximately $661.1 million in total assets, indicating strong financial health.

Negative

• None.

DENVER, Jan. 8, 2021 /PRNewswire/ -- Today, the Board of Trustees (the "Board") for the Clough Global Opportunities Fund (the "Fund") has declared a monthly cash distribution of $0.1087 per common share, payable on the dates noted below. This represents a 21% increase to the previous distribution amount. This increase is consistent with the Fund's managed distribution policy of setting the monthly distribution rate at an amount equal to one twelfth of 10% of the Fund's adjusted year-ending 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: January 19, 2021
Record Date: January 20, 2021
Payable Date: January 29, 2021

Ex-Date: February 17, 2021
Record Date: February 18, 2021
Payable Date: February 26, 2021

Ex-Date: March 18, 2021
Record Date: March 19, 2021
Payable Date: March 31, 2021

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'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 Rob Zdunczyk. As of December 31^st, 2020 the Fund had approximately $661.1 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 is a Boston-based investment advisory firm which manages approximately $2.1 billion in assets: $791 million in hedge fund and institutional accounts; $113 million in open-end mutual funds; and $1.2 billion in three closed-end funds (as of December 31, 2020) – 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

When will the next cash distribution for GLO be paid?

The next cash distribution for GLO will be paid on January 29, 2021.

What is the increase in the cash distribution amount for GLO?

The cash distribution amount for GLO has increased by 21%, now at $0.1087 per share.

What are the key dates for GLO's cash distribution in 2021?

Key dates include Ex-Date on January 19, Record Date on January 20, and Payable Date on January 29.

How large are the total assets managed by the Clough Global Opportunities Fund?

As of December 31, 2020, the Clough Global Opportunities Fund had approximately $661.1 million in total assets.