Clough Global Opportunities Fund Declares Monthly Cash Distributions For July, August, And September 2020 Of $0.0897 Per Share

Rhea-AI Summary

The Clough Global Opportunities Fund (GLO) announced a monthly cash distribution of $0.0897 per share, effective for the months of July, August, and September 2020. This distribution follows the Fund's managed policy, amounting to one-twelfth of 10% of the adjusted year-end net asset value (NAV). Key dates include the ex-dates on July 20, August 20, and September 17, 2020. As of June 30, 2020, the Fund had total assets of $552.7 million. A portion of the distribution may originate from sources other than net income. More details can be found on their official website.

Positive

• Monthly cash distribution of $0.0897 per share announced.
• Fund had total assets of $552.7 million as of June 30, 2020.

Negative

• None.

DENVER, July 10, 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: July 20, 2020
Record Date: July 21, 2020
Payable Date: July 31, 2020

Ex-Date: August 20, 2020
Record Date: August 21, 2020
Payable Date: August 31, 2020

Ex-Date: September 17, 2020
Record Date: September 18, 2020
Payable Date: September 30, 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 June 30^th, 2020 the Fund had approximately $552.7 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 $1.7 billion in assets: $665 million in hedge fund and institutional accounts; $85 million in open-end mutual funds; and $975 million in three closed-end funds (as of June 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) 
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 declared by Clough Global Opportunities Fund (GLO)?

The Clough Global Opportunities Fund (GLO) declared a monthly cash distribution of $0.0897 per share.

What are the important dates for the GLO cash distribution?

Ex-Dates are July 20, August 20, and September 17, 2020; Record Dates are July 21, August 21, and September 18, 2020; Payable Dates are July 31, August 31, and September 30, 2020.

How does the Clough Global Opportunities Fund determine its monthly distribution rate?

The Fund's monthly distribution rate is set at one-twelfth of 10% of the adjusted year-end net asset value (NAV).

What was the total asset value of Clough Global Opportunities Fund (GLO) as of June 30, 2020?

As of June 30, 2020, the Clough Global Opportunities Fund (GLO) had total assets of approximately $552.7 million.

Can part of the cash distribution be from sources other than net income for GLO?

Yes, a portion of the distribution may be treated as paid from sources other than net income, including short-term and long-term capital gain.