CLOUGH GLOBAL DIVIDEND AND INCOME FUND DECLARES MONTHLY CASH DISTRIBUTIONS FOR APRIL, MAY AND JUNE 2022 OF $0.0906 PER SHARE

Rhea-AI Summary

The Clough Global Dividend and Income Fund (GLV) has declared a monthly cash distribution of $0.0906 per common share for April, May, and June 2022, adhering to a managed distribution policy targeting 10% of the adjusted year-end net asset value (NAV). Key distribution dates include Ex-Dates on April 18, May 19, and June 16, with payable dates on April 29, May 31, and June 30. As of March 31, 2022, the fund managed approximately $197.4 million in total assets, focusing on a diversified investment strategy in both equity and fixed-income securities.

Positive

• Monthly cash distribution of $0.0906 per share enhances shareholder income.
• Fund maintains a total asset value of $197.4 million, indicating stability.

Negative

• None.

DENVER, April 8, 2022 /PRNewswire/ -- Today, the Board of Trustees (the "Board") for the Clough Global Dividend and Income Fund (the "Fund") has declared a monthly cash distribution of $0.0906 per common share, payable on the dates noted below. The Fund's managed distribution policy is to set 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"), which will be the average of the NAVs as of the last five business days of the prior calendar year.

The following dates apply to the distributions declared:

Ex-Date: April 18, 2022
Record Date: April 19, 2022
Payable Date: April 29, 2022

Ex-Date: May 19, 2022
Record Date: May 20, 2022
Payable Date: May 31, 2022

Ex-Date: June 16, 2022
Record Date: June 17, 2022
Payable Date: June 30, 2022

A portion of the distribution may be treated as paid from sources other than net income, including but not limited to short-term capital gain, long-term capital gain and return of capital. The final determination of the source of all distributions, including the percentage of qualified dividend income, will be made after year-end.

The Clough Global Dividend and Income Fund
The Fund is a closed-end fund with an investment objective of providing a high level of total return. The Fund seeks to pursue this objective by applying a fundamental research-driven investment process and will invest in equity and equity-related securities as well as fixed income securities, including both corporate and sovereign debt, in both U.S. and non-U.S. markets. The Fund's portfolio managers are Chuck Clough and Rob Zdunczyk. As of March 31^st, 2022 the fund had approximately $197.4 million in total assets. More information, including the Fund's dividend reinvestment plan, can be found at www.cloughglobal.com or call 877-256-8445.

Clough Capital Partners L.P.
Clough Capital is a Boston-based investment advisory firm which manages approximately $2.1 billion in assets: $700 million in hedge fund and institutional accounts; $73 million in open-end mutual funds; and $1.4 billion in three closed-end funds (as of March 31, 2022) – Clough Global Dividend and Income Fund (GLV), Clough Global Equity Fund (GLQ), and Clough Global Opportunities Fund (GLO).

An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain an annual report or semi-annual report which contains this and other information visit www.cloughglobal.com or call 877-256-8445. Read them carefully before investing.

The Clough Global Dividend and Income Fund is a closed-end fund and closed-end funds do not continuously issue shares for sale as open-end mutual funds do. Since the initial public offering, the Fund now trades in the secondary market. Investors wishing to buy or sell shares need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market's value.

Forward-looking statements are based on information that is available on the date hereof, and neither the fund manager nor any other person affiliated with the fund manager has any duty to update any forward-looking statements. Important factors that could affect actual results to differ from these statements include, among other factors, material, negative changes to the asset class and the actual composition of the portfolio.

ALPS Portfolio Solutions Distributor, Inc, FINRA Member Firm.

Clough Global Dividend and Income Fund (NYSE MKT: GLV)
1290 Broadway, Suite 1000
Denver, CO 80203 
Contact: Fund Services Group at 877-256-8445

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SOURCE SS&C / Clough CEF; Clough Global Dividend and Income Fund; Clough Global Equity Fund; Clough Global Opportunities Fund

FAQ

What is the distribution amount for Clough Global Dividend and Income Fund (GLV)?

The Clough Global Dividend and Income Fund (GLV) has declared a monthly cash distribution of $0.0906 per common share.

When is the payable date for the upcoming distribution?

The upcoming distribution payable date is April 29, 2022.

What are the distribution dates for GLV in April, May, and June 2022?

The Ex-Dates are April 18, May 19, and June 16, 2022; the Record Dates are April 19, May 20, and June 17, 2022.

How does Clough Global Dividend and Income Fund determine its distribution rate?

The Fund sets its monthly distribution rate equal to one twelfth of 10% of the adjusted year-end net asset value (NAV) per share.

What is the total asset value of Clough Global Dividend and Income Fund (GLV)?

As of March 31, 2022, the Clough Global Dividend and Income Fund had approximately $197.4 million in total assets.