Clough Global Opportunities Fund Declares Monthly Cash Distributions for July, August and September 2024 of $0.0480 per Share

Rhea-AI Summary

The Clough Global Opportunities Fund has announced monthly cash distributions of $0.0480 per share for July, August, and September 2024. The distribution is based on the Fund's policy to set monthly rates equal to one-twelfth of 10% of the adjusted year-end NAV per share. Key dates include the ex-date, record date, and payable date for each month. The Fund, managed by Clough Capital Partners, aims for high total return through investment in diverse global securities. As of June 30, 2024, the Fund held $408.3 million in total assets. A portion of the distribution may come from various sources, including capital gains and return of capital. Clough Capital manages $1.3 billion in assets across different funds and accounts.

Positive

• Monthly cash distributions of $0.0480 per share declared for July, August, and September 2024.
• The Fund's total assets stood at $408.3 million as of June 30, 2024.
• Clough Capital manages $1.3 billion in assets, showcasing robust management and diversification.

Negative

• A portion of the distribution may come from sources other than net income, which could indicate potential return of capital.

DENVER, CO / ACCESSWIRE / July 9, 2024 / Today, the Board of Trustees (the "Board") for the Clough Global Opportunities Fund (the "Fund") has declared a monthly cash distribution of $0.0480 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: July 19, 2024
Record Date: July 19, 2024
Payable Date: July 31, 2024

Ex-Date: August 16, 2024
Record Date: August 16, 2024
Payable Date: August 30, 2024

Ex-Date: September 17, 2024
Record Date: September 17, 2024
Payable Date: September 30, 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 June 30, 2024, the Fund had approximately $408.3 million in total assets. More information, including the Fund's dividend reinvestment plan, can be found at www.cloughcefs.com or call 1-855-425-6844.

Clough Capital Partners L.P.*

Clough Capital Partners L.P. is a Boston-based investment advisory firm which manages approximately $1.3 billion in assets: $519 million in hedge fund and institutional accounts, $50 million in exchange-traded funds, and $767 million in three closed-end funds (as of June 30, 2024) - 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.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.

*These are preliminary estimates and are not reflective of finalized calculations.

SOURCE: Clough Global Opportunities Fund | GLO

View the original press release on accesswire.com

FAQ

What are the monthly cash distributions for GLO in July, August, and September 2024?

The Clough Global Opportunities Fund has announced monthly cash distributions of $0.0480 per share for July, August, and September 2024.

When are the ex-dates for GLO's monthly cash distributions in Q3 2024?

The ex-dates for the distributions are July 19, August 16, and September 17, 2024.

What is the record date for GLO's monthly cash distribution in July 2024?

The record date for Clough Global Opportunities Fund's July 2024 distribution is July 19, 2024.

How much total assets did GLO have as of June 30, 2024?

As of June 30, 2024, the Clough Global Opportunities Fund had approximately $408.3 million in total assets.

What is the managed distribution policy for GLO?

The managed distribution policy for the Clough Global Opportunities Fund is to set the monthly distribution rate at an amount equal to one-twelfth of 10% of the Fund's adjusted year-end NAV per share.

What portion of GLO's distribution may come from sources other than net income?

A portion of GLO's distribution may come from sources other than net income, including short-term capital gain, long-term capital gain, and return of capital.

What are the payable dates for GLO's cash distributions in Q3 2024?

The payable dates for the distributions are July 31, August 30, and September 30, 2024.