Clough Global Opportunities Fund Section 19(a) Notice
The Clough Global Opportunities Fund (NYSE American:GLO) announced a $0.0480 per share monthly distribution on June 28, 2024, for shareholders of record as of June 17, 2024. This distribution is entirely sourced from the return of capital, as the fund reported no net investment income or capital gains for this period. Fiscal year-to-date, the fund has distributed $0.38460 per share, with 98% attributed to the return of capital.
For the fiscal year ending May 31, 2024, the fund reported an annualized distribution rate of 9.32% of its NAV, a cumulative distribution rate of 6.22%, and a cumulative total return on NAV of 27.25%. The average annual total return on NAV over the past five years was 2.65%. These figures are based on changes in NAV and assume reinvestment of distributions.
The Fund emphasizes that these distributions should not be interpreted as a reflection of investment performance and advises shareholders to review the Form 1099-DIV for accurate tax reporting.
- The fund reported a fiscal year-to-date cumulative total return on NAV of 27.25% as of May 31, 2024.
- The average annual total return on NAV for the past five years is 2.65%.
- The June 28, 2024, distribution of $0.0480 per share was fully sourced from the return of capital.
- Fiscal year-to-date distributions were 98% return of capital, indicating a lack of net investment income or realized capital gains.
DENVER, CO / ACCESSWIRE / June 28, 2024 / On June 28, 2024, the Clough Global Opportunities Fund (NYSE American:GLO) (the "Fund"), a closed-end fund, paid a monthly distribution on its common stock of
The following table sets forth the estimated amount of the sources of distribution for purposes of Section 19 of the Investment Company Act of 1940, as amended, and the related rules adopted thereunder. The Fund estimates the following percentages, of the total distribution amount per share, attributable to (i) current and prior fiscal year net investment income, (ii) net realized short-term capital gain, (iii) net realized long-term capital gain and (iv) return of capital or other capital source as a percentage of the total distribution amount. These percentages are disclosed for the current distribution as well as the fiscal year-to-date cumulative distribution amount per share for the Fund.
Current Distribution from: | ||||||||
| Per Share ($) | % | |||||||
Net Investment Income | 0.00000 | 0.00 | % | |||||
Net Realized Short-Term Capital Gain | 0.00000 | 0.00 | % | |||||
Net Realized Long-Term Capital Gain | 0.00000 | 0.00 | % | |||||
Return of Capital or other Capital Source | 0.04800 | 100.00 | % | |||||
Total (per common share) | 0.04800 | 100.00 | % | |||||
Fiscal Year-to-Date Cumulative Distributions from: | ||||||||
| Per Share ($) | % | |||||||
Net Investment Income | 0.00771 | 2.00 | % | |||||
Net Realized Short-Term Capital Gain | 0.00000 | 0.00 | % | |||||
Net Realized Long-Term Capital Gain | 0.00000 | 0.00 | % | |||||
Return of Capital or other Capital Source | 0.37689 | 98.00 | % | |||||
Total (per common share) | 0.38460 | 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 (11/01/2023 through 5/31/2024) | ||||
Annualized Distribution Rate as a Percentage of NAV^ | 9.32 | % | ||
Cumulative Distribution Rate on NAV^+ | 6.22 | % | ||
Cumulative Total Return on NAV* | 27.25 | % | ||
Average Annual Total Return on NAV for the 5 Year Period Ending 5/31/2024** | 2.65 | % | ||
Past performance is not indicative of future results.
^ Based on the Fund's NAV as of May 31, 2024.
+Cumulative distribution rate is based on distributions paid to date for the period November 1, 2023 through
June 30, 2024.
*Cumulative fiscal year-to-date return is based on the change in NAV including distributions paid and assuming reinvestment of these distributions and that all rights in the Fund's rights offering were exercised, for the period November 1, 2023 through May 31, 2024.
**The 5 year average annual total return is based on change in NAV including distributions paid and assuming reinvestment of these distributions and that all rights in the Fund's rights offering were exercised, as of 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.
Contact Info:
Website: https://www.cloughcefs.com/
Email: cloughclientinquiries@paralel.com
SOURCE: Clough Global Opportunities Fund | GLO
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