Clough Global Opportunities Fund Declares Monthly Cash Distributions for October, November, and December 2020 of $0.0897 Per Share

Rhea-AI Summary

The Clough Global Opportunities Fund (GLO) has announced a monthly cash distribution of $0.0897 per common share for October, November, and December 2020. According to the Fund's managed distribution policy, this amount reflects one twelfth of 10% of the Fund's adjusted year-ending net asset value per share. Key dates include the Ex-Date on October 19, 2020, and the Payable Date on October 30, 2020. As of September 30, 2020, the Fund managed approximately $580.5 million in total assets, aiming for a high total return through equity and fixed-income securities.

Positive

• Monthly cash distribution of $0.0897 per share announced.
• Fund has approximately $580.5 million in total assets as of September 30, 2020.
• Distribution policy aligns with a target yield of 10% based on NAV.

Negative

• None.

DENVER, Oct. 9, 2020 /PRNewswire/ -- Today, the Board of Trustees (the "Board") for the Clough Global Opportunities Fund (the "Fund") has declared a monthly cash distribution of $0.0897 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-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: October 19, 2020
Record Date: October 20, 2020
Payable Date: October 30, 2020

Ex-Date: November 19, 2020
Record Date: November 20, 2020
Payable Date: November 30, 2020

Ex-Date: December 18, 2020
Record Date: December 21, 2020
Payable Date: December 31, 2020

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 September 30^th, 2020 the Fund had approximately $580.5 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 $1.8 billion in assets: $707 million in hedge fund and institutional accounts; $96 million in open-end mutual funds; and $1.0 billion in three closed-end funds (as of September 30, 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 is the Ex-Date for the Clough Global Opportunities Fund's October distribution?

The Ex-Date for the October distribution is October 19, 2020.

What is the distribution amount for the Clough Global Opportunities Fund?

The distribution amount is $0.0897 per common share.

What are the total assets managed by the Clough Global Opportunities Fund?

The Fund has approximately $580.5 million in total assets as of September 30, 2020.

What is the Payable Date for the October distribution of the Fund?

The Payable Date for the October distribution is October 30, 2020.