Clough Global Opportunities Fund Declares Monthly Cash Distributions for July, August, and September 2021 of $0.1087 per Share

Rhea-AI Summary

The Clough Global Opportunities Fund (GLO) declared a monthly cash distribution of $0.1087 per share for July, August, and September 2021. This distribution aligns with the Fund's managed policy of setting payouts at one-twelfth of 10% of the adjusted year-ending net asset value (NAV). Key distribution dates include Ex-Dates on July 19, August 19, and September 20, with corresponding record and payable dates. As of June 30, 2021, the Fund managed approximately $829.2 million in total assets, aiming to provide a high total return through equity and fixed-income investments.

Positive

• Monthly cash distribution of $0.1087 per share declared for July, August, and September 2021.
• Fund's total assets amounted to $829.2 million as of June 30, 2021.
• Managed distribution policy linked to 10% of adjusted NAV, providing a predictable payout structure.

Negative

• None.

DENVER, July 9, 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. 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 19, 2021 
Record Date: July 20, 2021
Payable Date: July 30, 2021

Ex-Date: August 19, 2021
Record Date: August 20, 2021
Payable Date: August 31, 2021

Ex-Date: September 20, 2021
Record Date: September 21, 2021
Payable Date: September 30, 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 Partners L.P.'s ("Clough Capital")  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, 2021 the Fund had approximately $829.2 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 $2.4 billion in assets: $818 million in hedge fund and institutional accounts; $120 million in open-end mutual funds; and $1.5 billion in three closed-end funds (as of March 31, 2021) – 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

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SOURCE Clough Global Opportunities Fund

FAQ

What is the cash distribution amount for Clough Global Opportunities Fund (GLO) in July 2021?

The cash distribution amount declared is $0.1087 per share for July 2021.

When is the payable date for the July distribution of Clough Global Opportunities Fund (GLO)?

The payable date for the July distribution is July 30, 2021.

What are the Ex-Dates for the cash distributions of Clough Global Opportunities Fund (GLO)?

The Ex-Dates are July 19, August 19, and September 20, 2021.

What is the investment objective of Clough Global Opportunities Fund (GLO)?

The investment objective of the Fund is to provide a high level of total return.

How much total assets does Clough Global Opportunities Fund (GLO) manage?

As of June 30, 2021, the Fund managed approximately $829.2 million in total assets.