Clough Global Opportunities Fund Section 19(a) Notice

Rhea-AI Summary

On June 30, 2020, the Clough Global Opportunities Fund (NYSE MKT: GLO) paid a monthly distribution of $0.0897 per share to shareholders of record as of June 19, 2020. The distribution was wholly sourced from return of capital, amounting to 100% of the distribution. For the fiscal year to date, the fund reported an annualized distribution rate of 11.17% based on its net asset value (NAV) as of May 31, 2020. However, its cumulative total return on NAV was negative at -1.91%.

Positive

• Monthly distribution of $0.0897 per share paid to shareholders.
• Annualized distribution rate at 11.17% as of May 31, 2020.
• Cumulative distribution rate on NAV at 7.39%.

Negative

• Cumulative total return on NAV at -1.91% for the fiscal year.
• Distribution entirely sourced from return of capital, which may indicate unsustainable payouts.

DENVER, June 30, 2020 /PRNewswire/ -- On June 30, 2020, the Clough Global Opportunities Fund (NYSE MKT: GLO) (the "Fund"), a closed-end fund, paid a monthly distribution on its common stock of $0.0897 per share to shareholders of record at the close of business on June 19, 2020.

The following table sets forth the estimated amount of the sources of distribution for purposes of Section 19 of the Investment Company Act of 1940, as amended, and the related rules adopted thereunder.  The Fund estimates the following percentages, of the total distribution amount per share, attributable to (i) current and prior fiscal year net investment income, (ii) net realized short-term capital gain, (iii) net realized long-term capital gain and (iv) return of capital or other capital source as a percentage of the total distribution amount.  These percentages are disclosed for the current distribution as well as the fiscal year-to-date cumulative distribution amount per share for the Fund.

Current Distribution from:
	Per Share ($)	%
Net Investment Income	0.0000	0.00%
Net Realized Short-Term Capital Gain	0.0000	0.00%
Net Realized Long-Term Capital Gain	0.0000	0.00%
Return of Capital or other Capital Source	0.0897	100.00%
Total (per common share)	0.0897	100.00%
Fiscal Year-to-Date Cumulative
Distributions from:
	Per Share ($)	%
Net Investment Income	0.0061	0.86%
Net Realized Short-Term Capital Gain	0.2208	31.00%
Net Realized Long-Term Capital Gain	0.0083	1.16%
Return of Capital or other Capital Source	0.4771	66.98%
Total (per common share)	0.7123	100.00%

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and not for tax reporting purposes.  The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income.'

Presented below are return figures, based on the change in the Fund's Net Asset Value per share ("NAV"), compared to the annualized distribution rate for this current distribution as a percentage of the NAV on the last business day of the month prior to distribution record date.

Fund Performance & Distribution Information

Fiscal Year to Date (11/01/2019 through 5/31/2020)
Annualized Distribution Rate as a Percentage of NAV^	11.17%
Cumulative Distribution Rate on NAV^+	7.39%
Cumulative Total Return on NAV*	-1.91%
Average Annual Total Return on NAV for the 5 Year Period Ending 5/31/2020**	3.60%

Past performance is not indicative of future results.

^ Based on the Fund's NAV as of May 31, 2020.

⁺Cumulative distribution rate is based on distributions paid to date for the period November 1, 2019 through June 30, 2020.

*Cumulative fiscal year-to-date return is based on the change in NAV including distributions paid and assuming reinvestment of these distributions for the period November 1, 2019 through May 31, 2020. 

**The 5 year average annual total return is based on change in NAV including distributions paid and assuming reinvestment of these distributions and is through the last business day of the month prior to the month of the current distribution record date.

While the NAV performance may be indicative of the Fund's investment performance, it does not measure the value of a shareholder's investment in the Fund.  The value of a shareholder's investment in the Fund is determined by the Fund's market price, which is based on the supply and demand for the Fund's shares in the open market. Shareholders should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's Managed Distribution Plan.

Furthermore, the Board of Trustees reviews the amount of any potential distribution and the income, capital gain or capital available.  The Board of Trustees will continue to monitor the Fund's distribution level, taking into consideration the Fund's net asset value and the financial market environment.  The Fund's distribution policy is subject to modification by the Board of Trustees at any time.  The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.

ALPS Portfolio Solutions Distributor, Inc. FINRA Member Firm.

Clough Global Opportunities Fund
(NYSE MKT: GLO)
1290 Broadway
Suite 1000
Denver, Colorado  80203
1.877.256.8445

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SOURCE Clough Global Opportunities Fund

FAQ

What was the distribution amount for GLO on June 30, 2020?

The Clough Global Opportunities Fund (GLO) paid a distribution of $0.0897 per share on June 30, 2020.

What percentage of the GLO distribution was a return of capital?

The entire distribution of $0.0897 per share was a return of capital, representing 100%.

What is the annualized distribution rate for GLO as of May 31, 2020?

The annualized distribution rate for GLO as of May 31, 2020, was 11.17%.

What was the cumulative total return on NAV for GLO?

The cumulative total return on NAV for GLO was -1.91% for the fiscal year.