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Clough Global Opportunities Fund - GLO STOCK NEWS

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.

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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.

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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.

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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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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.

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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.

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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.

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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.

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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.

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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.

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FAQ

What is the current stock price of Clough Global Opportunities Fund (GLO)?

The current stock price of Clough Global Opportunities Fund (GLO) is $5.35 as of January 22, 2025.

What is the market cap of Clough Global Opportunities Fund (GLO)?

The market cap of Clough Global Opportunities Fund (GLO) is approximately 228.2M.

What is the investment objective of the Clough Global Opportunities Fund?

The primary investment objective is to provide a high level of total return by investing in a mix of U.S. and non-U.S. equity and debt securities.

How often does the Fund pay distributions?

The Fund pays monthly distributions. For example, recent distributions of $0.0480 per share have been paid consistently over the past several months.

What is the managed distribution policy of the Fund?

The Fund's managed distribution policy sets the monthly distribution rate at an amount equal to one-twelfth of 10% of the Fund's adjusted year-end NAV per share.

Who manages the Clough Global Opportunities Fund?

The Fund is managed by portfolio managers Chuck Clough and Bill Whelan, who utilize a fundamental research-driven investment process.

What are the recent assets of the Fund?

As of March 31, 2024, the Fund had approximately $360.3 million in total assets.

What type of securities does the Fund invest in?

The Fund invests in both equity and debt securities, including U.S. and non-U.S. markets, as well as corporate and sovereign debt.

What is Clough Capital Partners L.P.?

Clough Capital Partners L.P. is a Boston-based investment advisory firm managing approximately $1.2 billion in assets across various investment vehicles.

Where can I get more information about the Fund?

More information, including the Fund's dividend reinvestment plan, can be found on the Fund's website or by contacting Clough Capital Partners L.P.

How is the value of the Fund's shares determined?

The value of the Fund's shares is determined by the market price, which is based on supply and demand in the open market.

What should investors consider before investing in the Fund?

Investors should consider the Fund's investment objectives, risks, charges, and expenses, and review the Fund's annual and semi-annual reports for detailed information.
Clough Global Opportunities Fund

NYSE:GLO

GLO Rankings

GLO Stock Data

228.16M
32.20M
0.01%
39.38%
0.11%
Asset Management
Financial Services
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United States of America
Boston