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 Clough Global Opportunities Fund (NYSE MKT: GLO) has declared a monthly distribution of $0.1087 per share, payable to shareholders recorded as of October 20, 2021. This amount is entirely comprised of net realized long-term capital gains, representing 100% of the distribution. For the fiscal year to date, cumulative distributions total $1.2664 per share, with 82.83% from net realized short-term capital gains and 17.17% from long-term gains. The fund's annualized distribution rate stands at 11.09% of its net asset value (NAV) as of September 30, 2021.
The Clough Global Opportunities Fund (GLO) announced a monthly cash distribution of $0.1087 per share for October, November, and December 2021. Distributions are aligned with the fund's managed policy of distributing 10% of its adjusted year-end net asset value (NAV). Key dates include Ex-Dates on October 19, November 18, and December 20, 2021, with payable dates following shortly after. As of September 30, 2021, the fund reported total assets of approximately $808 million. Investors should note that part of the distribution may derive from sources other than net income.
The Clough Global Opportunities Fund (NYSE MKT: GLO) announced a monthly distribution of $0.1087 per share to shareholders of record as of September 21, 2021. The distribution is entirely from net realized long-term capital gains, with no contributions from net investment income or other sources. For the fiscal year-to-date, the cumulative distribution rate is 9.08% of the net asset value (NAV), with the annualized distribution rate at 10.23%. The fund's cumulative total return on NAV stands at 36.38%.
The Clough Global Opportunities Fund (NYSE MKT: GLO) has announced a monthly distribution of $0.1087 per share to shareholders of record as of August 20, 2021. This distribution is solely derived from net realized short-term capital gains, with no contributions from net investment income or long-term capital gains. As of July 31, 2021, the Fund's annualized distribution rate was recorded at 10.40%, with a cumulative total return on NAV of 33.00% for the fiscal year-to-date period. Shareholders should note that past performance is not indicative of future results.
On July 30, 2021, Clough Global Opportunities Fund (NYSE MKT: GLO) announced a monthly distribution of $0.1087 per share to shareholders of record as of July 20, 2021. The distribution is entirely sourced from net realized short-term capital gains, with no contribution from net investment income or return of capital. The fund's annualized distribution rate is 10.27% based on its net asset value (NAV) as of June 30, 2021. Cumulative total return on NAV for the fiscal year-to-date stands at 33.55%.
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.
The Clough Global Opportunities Fund (GLO) announced a monthly distribution of $0.1087 per share, payable to shareholders as of June 21, 2021. The fund's entire distribution is sourced from net realized short-term capital gains, totaling 100%. For the current fiscal year, the cumulative distribution rate stands at 6.33% based on net asset value (NAV), while the annualized distribution rate is 9.93%. The fund has also achieved a 33.11% cumulative total return on NAV for the same period. Shareholders are advised that the distribution policy is subject to change.
Clough Global Opportunities Fund announced the completion of its rights offering, issuing 7,573,005 new common shares at a subscription price of $11.59 each. This price reflects 95% of the average market price on NYSE American for the five days before the offering's expiration on June 22, 2021. The Fund aims to invest this capital strategically across global markets to achieve high total returns. As of May 31, 2021, the Fund managed approximately $720 million in assets, with Clough Capital managing a total of $2.2 billion.
Clough Global Opportunities Fund announced the successful completion of its rights offering on June 22, 2021, expecting to issue approximately 5,664,853 new common shares by June 30, 2021. The subscription price was set at $11.59 per share, reflecting 95% of the average market price from the preceding five trading days. CEO Mike Hearle expressed optimism about investing the raised capital in strategically identified global markets.
The Fund had around $720 million in total assets as of May 31, 2021, and is managed by Clough Capital Partners, which oversees approximately $2.2 billion in assets.
Clough Capital Partners L.P. is hosting a market update conference call for the Clough Global Dividend and Income Fund (GLV), Clough Global Equity Fund (GLQ), and Clough Global Opportunities Fund (GLO) on June 10, 2021, at 2:30 PM EDT. The call will be led by Chairman Chuck Clough and Rob Zdunczyk, Head of Fixed Income. Each fund is currently offering a one-for-three transferable rights offering under their SEC registration. As of May 31, 2021, GLV had $166 million, GLQ had $367 million, and GLO had $720 million in assets.
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