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.
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.
The Clough Global Opportunities Fund (NYSE MKT: GLO) announced a monthly distribution of $0.1087 per share to shareholders of record as of May 20, 2021. This distribution consists entirely of net realized short-term capital gains, with no contributions from net investment income or capital sources. As of April 30, 2021, the fund's annualized distribution rate is 9.70% of its net asset value (NAV), while cumulative total return on NAV stands at 35.06%. Shareholders will receive a Form 1099-DIV for tax reporting purposes.
The Clough Global Opportunities Fund (GLO) announced a transferable rights offering on May 10, 2021. Shareholders as of May 25 will receive one right for each share held, enabling them to purchase one new share for every three rights at a subscription price based on market value or net asset value. The offering is set to commence on May 27 and expire on June 22, 2021. Shareholders may sell their rights if they choose not to participate. The fund has approximately $715 million in assets as of April 30, 2021, and is managed by Clough Capital Partners.
The Clough Global Opportunities Fund (NYSE MKT: GLO) announced a monthly distribution of $0.1087 per share to shareholders as of April 20, 2021. The distribution is fully sourced from net realized short-term capital gains, with no contribution from net investment income or return of capital. For the fiscal year-to-date, the cumulative distribution amounts to $0.6142 per share, representing a 9.78% annualized distribution rate based on the Fund’s net asset value (NAV) as of March 31, 2021. The Board of Trustees will continue to monitor distribution levels based on market conditions.
The Clough Global Opportunities Fund (GLO) has declared a monthly cash distribution of $0.1087 per common share for April, May, and June 2021. This follows the Fund's managed distribution policy, which sets the monthly rate based on 10% of the Fund's adjusted year-ending net asset value. Key distribution dates include the ex-dates on April 19, May 19, and June 18, 2021. As of March 31, 2021, the Fund held approximately $727 million in total assets, focusing on a mix of equity and fixed-income securities globally.
The Clough Global Opportunities Fund (GLO) announced a monthly distribution of $0.1087 per share for shareholders recorded as of March 19, 2021. This distribution is exclusively sourced from net realized short-term capital gains, with no contributions from net investment income or return of capital. For the fiscal year-to-date, the cumulative distribution amounts to $0.5055 per share, also derived entirely from short-term capital gains. The annualized distribution rate stands at 9.51% of the Fund's net asset value (NAV), with a cumulative total return of 35.36% on NAV.
On February 26, 2021, the Clough Global Opportunities Fund (GLO) announced a monthly distribution of $0.1087 per share for shareholders recorded by February 18, 2021. The distribution is entirely sourced from net realized short-term capital gains, with no contribution from net investment income or return of capital. For the fiscal year-to-date, the cumulative distribution amount is $0.3968 per share, also entirely from short-term gains, representing an annualized distribution rate of 9.68% based on the Fund's Net Asset Value (NAV). Past performance does not guarantee future results.
On January 29, 2021, the Clough Global Opportunities Fund (NYSE MKT: GLO) announced a monthly distribution of $0.1087 per share, payable to shareholders of record as of January 20, 2021. The full distribution is sourced entirely from net realized short-term capital gains. Year-to-date cumulative distributions stand at $0.2881 per share, reflecting a 9.93% annualized distribution rate based on the Fund's net asset value (NAV). The Fund emphasizes that past performance is not indicative of future results, and the Board of Trustees will monitor distribution levels regularly.
The Board of Trustees for the Clough Global Opportunities Fund (GLO) has declared a monthly cash distribution of $0.1087 per common share, marking a 21% increase from the previous amount. This increase aligns with the Fund's policy of distributing an amount equal to one twelfth of 10% of the adjusted year-ending net asset value per share. Key dates for the distributions include:
- Ex-Date: January 19, 2021
- Record Date: January 20, 2021
- Payable Date: January 29, 2021
As of December 31, 2020, the Fund had approximately $661.1 million in total assets.
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