Welcome to our dedicated page for Clough Global Opportunities Fund news (Ticker: GLO), a resource for investors and traders seeking the latest updates and insights on Clough Global Opportunities Fund stock.
Clough Global Opportunities Fund (Symbol: GLO) is a closed-end management investment company based in the United States. The primary investment objective of the Fund is to provide a high level of total return. This objective is pursued by investing in a diversified portfolio that includes both U.S. and non-U.S. equity and debt securities. By leveraging Clough Capital Partners L.P.'s global research capabilities, the Fund makes informed investment decisions to achieve its goals.
The Fund has a managed distribution policy that sets 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). This policy aims to deliver consistent returns to shareholders while maintaining the Fund's long-term investment strategy.
As of March 31, 2024, the Fund had approximately $360.3 million in total assets. The portfolio managers, Chuck Clough and Bill Whelan, utilize a fundamental research-driven investment process to uncover opportunities across various markets and sectors. This approach allows the Fund to adapt to changing market conditions and find the best investment opportunities globally.
Recent achievements include the Fund's monthly distributions of $0.0480 per share, which have been consistent over the past several months. These distributions are paid to shareholders of record at the close of business on the specified record dates. Additionally, the Fund's Board of Trustees actively monitors distribution levels and the financial market environment to ensure the Fund remains on track to meet its investment objectives.
The Fund is part of the broader Clough Capital Partners L.P. family, which manages approximately $1.2 billion in assets across various investment vehicles, including hedge funds, institutional accounts, exchange-traded funds, and other closed-end funds. This extensive experience and diversified approach provide a solid foundation for the Fund's investment strategy.
For shareholders and potential investors, it is important to note that past performance is not indicative of future results. The value of an investment in the Fund is determined by its market price, which can fluctuate based on supply and demand in the open market. Investors are encouraged to review the Fund's annual and semi-annual reports for detailed information about its performance, investment strategy, and financials.
For more information on the Clough Global Opportunities Fund, including its dividend reinvestment plan and other investment opportunities, please visit the Fund's website or contact Clough Capital Partners L.P. directly.
The Board of Trustees for the Clough Global Opportunities Fund (GLO) has announced a monthly cash distribution of
The Clough Global Opportunities Fund (GLO) announced a monthly distribution of $0.0483 per share, payable to shareholders as of March 17, 2023. This distribution is sourced entirely from a return of capital, which constitutes 100% of the total distribution amount. For the fiscal year-to-date, the cumulative distribution per share is $0.3335, also entirely from return of capital. The Fund has reported an annualized distribution rate of 10.37% based on its Net Asset Value (NAV), while the cumulative total return on NAV is -5.06% as of February 28, 2023. The Fund's performance should not be interpreted as indicative of future results.
The Clough Global Opportunities Fund (GLO) has announced a monthly distribution of $0.0483 per share, payable to shareholders on February 17, 2023. The distribution is entirely classified as a return of capital, with no portion attributed to net investment income or capital gains. The Fund's annualized distribution rate stands at 9.92% of its net asset value (NAV). However, the cumulative total return on NAV is reported at -1.77% for the fiscal year-to-date. As of January 31, 2023, the Fund's average annual total return over five years is -2.72%. Shareholders should note that past performance does not guarantee future results.
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