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Clough Global Dividend and Income Fund (GLV) is a closed-end investment management company. The primary objective of the fund is to provide a high level of total return by investing in a diversified portfolio of equity and debt securities. These investments span both U.S. and non-U.S. markets and include companies of any market capitalization.
The fund utilizes a fundamental research-driven investment process to identify high-quality opportunities across various asset classes. Managed by a team of experienced portfolio managers, including Chuck Clough and Bill Whelan, the fund aims to deliver consistent returns through its well-structured investment strategy. As of March 31, 2024, the fund's total assets were approximately $115.3 million.
One of the key features of Clough Global Dividend and Income Fund is its managed distribution policy. The fund sets a monthly distribution rate at an amount equal to one twelfth of 10% of the fund's adjusted year-end net asset value per share. This policy aims to provide shareholders with regular income while also considering the fund's overall performance and market conditions.
The most recent updates highlight the fund's commitment to providing monthly distributions. On multiple occasions, the fund has announced distributions of $0.0526 per share to shareholders of record, ensuring a steady stream of income for investors. Additionally, the fund's Board of Trustees regularly reviews distribution levels and adjusts them as necessary to align with market conditions and the fund's net asset value.
The fund's performance metrics are continually monitored and reported. Cumulative distribution rates, fiscal year-to-date returns, and changes in net asset value are some of the key performance indicators disclosed to investors. These metrics help shareholders understand the fund's performance and make informed investment decisions.
Clough Capital Partners L.P., the investment advisory firm managing the fund, is based in Boston and oversees approximately $1.2 billion in assets. The firm's expertise spans hedge funds, institutional accounts, exchange-traded funds, and other closed-end funds, including Clough Global Equity Fund (GLQ) and Clough Global Opportunities Fund (GLO).
Overall, Clough Global Dividend and Income Fund (GLV) aims to deliver a high level of total return through a well-diversified and strategically managed portfolio. By consistently providing monthly distributions and maintaining a transparent performance tracking system, the fund seeks to enhance shareholder value and provide a reliable investment option for those looking to diversify their portfolios.
Clough Global Dividend and Income Fund (GLV) has declared monthly cash distributions of $0.0526 per share for January, February, and March 2025. The distributions will be paid on January 31, February 28, and March 31, 2025, respectively.
The Fund's managed distribution policy sets monthly distributions at one-twelfth of 10% of the Fund's adjusted year-end net asset value per share, calculated as the average of the last five business days' NAVs of the prior calendar year.
As of December 31, 2024, the Fund had approximately $108.7 million in total assets. The Fund aims to provide a high level of total return through investments in equity, equity-related securities, and fixed income securities in both U.S. and non-U.S. markets. The distributions may include sources other than net income, such as short-term capital gain, long-term capital gain, and return of capital.
Clough Global Dividend and Income Fund (GLV) announced its monthly distribution of $0.0526 per share paid on December 30, 2024, to shareholders of record as of December 16, 2024. The distribution breakdown includes: 11.52% from net investment income and 88.48% from return of capital. For the fiscal year-to-date, cumulative distributions comprise 8.76% from net investment income and 91.24% from return of capital.
The Fund's performance metrics show an annualized distribution rate of 9.70% and a cumulative total return on NAV of 0.91% for the fiscal year to date. The Fund's 5-year average annual total return stands at 0.40%. The Board of Trustees continues to monitor the Fund's distribution level, considering NAV and market conditions.
Clough Global Dividend and Income Fund (GLV) has distributed a monthly payment of $0.0526 per share on November 29, 2024, to shareholders of record as of November 15, 2024. The distribution breakdown shows 6.01% from net investment income and 93.99% from return of capital. The Fund's fiscal year-to-date performance includes a 24.06% cumulative total return on NAV and an annualized distribution rate of 9.70% based on NAV. The Fund's 5-year average annual total return stands at 16%.
Clough Global Dividend and Income Fund (GLV) announced a monthly distribution of $0.0526 per share paid on October 31, 2024. The distribution breakdown shows 6.10% from net investment income and 93.90% from return of capital. For the fiscal year-to-date, cumulative distributions include 11.22% from net investment income and 88.78% from return of capital. The Fund reports a cumulative total return on NAV of 27.30% for the fiscal year to date and an average annual total return of 1.17% for the 5-year period ending September 30, 2024. The current annualized distribution rate stands at 9.36% of NAV.
The Board of Trustees for the Clough Global Dividend and Income Fund (GLV) has declared a monthly cash distribution of $0.0526 per common share for October, November, and December 2024. The Fund's managed distribution policy sets the monthly rate at one-twelfth of 10% of the Fund's adjusted year-end net asset value per share. Ex-dates are October 18, November 15, and December 16, with corresponding payable dates on October 31, November 29, and December 30, 2024.
The Fund, with approximately $117.9 million in total assets as of September 30, 2024, aims to provide a high level of total return through investments in equity, equity-related, and fixed income securities in both U.S. and non-U.S. markets. Clough Capital Partners L.P., the investment advisory firm managing the Fund, oversees about $1.3 billion in assets across various investment vehicles.
The Clough Global Dividend and Income Fund (NYSE American:GLV) paid a monthly distribution of $0.0526 per share on September 30, 2024. The distribution sources were: 5.38% from net investment income and 94.62% from return of capital or other capital sources. The Fund's fiscal year-to-date cumulative distribution breakdown shows 11.68% from net investment income and 88.32% from return of capital or other capital sources.
Key performance metrics include:
- Annualized Distribution Rate: 9.36% of NAV
- Cumulative Distribution Rate on NAV: 8.80%
- Cumulative Total Return on NAV: 26.18%
- 5-Year Average Annual Total Return on NAV: 1.12%
The Clough Global Dividend and Income Fund (NYSE American: GLV) paid a monthly distribution of $0.0526 per share on August 30, 2024. The distribution sources were: 10.70% from net investment income and 89.30% from return of capital. The Fund's fiscal year-to-date cumulative distribution breakdown shows 12.29% from net investment income and 87.71% from return of capital.
Key performance metrics include:
- Annualized Distribution Rate: 9.34% of NAV
- Cumulative Distribution Rate: 7.99% of NAV
- Cumulative Total Return: 25.41% on NAV
- 5-Year Average Annual Total Return: 1.22% on NAV
The Clough Global Dividend and Income Fund (NYSE American:GLV) paid a monthly distribution of $0.0526 per share on July 31, 2024. The distribution sources were: 12.02% from net investment income and 87.98% from return of capital. For the fiscal year-to-date, the cumulative distribution rate is 7.21% of NAV. The Fund's performance shows a cumulative total return on NAV of 24.29% for the fiscal year-to-date and an average annual total return of 1.08% for the 5-year period ending June 30, 2024. The Fund's annualized distribution rate is 9.34% of NAV. Shareholders are cautioned not to draw conclusions about the Fund's investment performance from the distribution amount.
The Clough Global Dividend and Income Fund (GLV) has declared monthly cash distributions of $0.0526 per share for July, August, and September 2024. The ex-dividend and record dates for these distributions are July 19, August 16, and September 17, 2024, respectively, with payable dates on the last business day of each month. The Fund follows a managed distribution policy based on its year-end NAV, aiming for a 10% annual distribution rate. As of June 30, 2024, the Fund's total assets were approximately $127.0 million. More information is available at www.cloughcefs.com.
On June 28, 2024, the Clough Global Dividend and Income Fund (NYSE American: GLV) declared a monthly distribution of $0.0526 per share to shareholders of record as of June 17, 2024. The distribution comprises approximately 10.17% from net investment income and 89.83% from a return of capital. Fiscal year-to-date, the distributions per share amounted to $0.435, with 12.52% from net investment income and 87.48% from a return of capital.
For the fiscal year to date (Nov 1, 2023 - May 31, 2024), the fund's annualized distribution rate as a percentage of NAV is 9.46%, with a cumulative distribution rate on NAV of 6.52%. The cumulative total return on NAV for this period is 21.51%, while the 5-year average annual total return on NAV is 1.15%.
Shareholders should note that a portion of the distribution may be a return of capital, which does not indicate the fund's investment performance. The Board of Trustees regularly reviews the distribution level and may adjust it considering the NAV and market conditions.
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