Clough Global Dividend and Income Fund Declares Monthly Cash Distributions for October, November, and December 2020 of $0.1008 Per Share

Rhea-AI Summary

The Clough Global Dividend and Income Fund (GLV) has announced a cash distribution of $0.1008 per share for the months of October, November, and December 2020. The distribution aligns with the Fund's policy to distribute 10% of its adjusted year-ending net asset value, determined by the average NAV over the last five business days of the previous year. Key dates include the ex-dates of October 19, November 19, and December 18, with payable dates on October 30, November 30, and December 31, respectively. As of September 30, 2020, the Fund held approximately $154 million in assets.

Positive

• Monthly distribution of $0.1008 per share indicates consistent income for shareholders.
• The fund has approximately $154 million in total assets, reflecting a stable asset base.

Negative

• None.

DENVER, Oct. 9, 2020 /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 $0.1008 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-ending 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: October 19, 2020
Record Date: October 20, 2020
Payable Date: October 30, 2020

Ex-Date: November 19, 2020
Record Date: November 20, 2020
Payable Date: November 30, 2020

Ex-Date: December 18, 2020
Record Date: December 21, 2020
Payable Date: December 31, 2020

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 September 30^th, 2020 the fund had approximately $154 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 $1.8 billion in assets: $707 million in hedge fund and institutional accounts; $96 million in open-end mutual funds; and $1.0 billion in three closed-end funds (as of September 30, 2020) – 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 Clough Global Dividend and Income Fund

FAQ

What are the distribution details for GLV in 2020?

GLV declared a cash distribution of $0.1008 per share for October, November, and December 2020.

When is the ex-date for GLV's October distribution?

The ex-date for GLV's October distribution is October 19, 2020.

How often does GLV declare dividends?

GLV declares dividends on a monthly basis.

What is the total asset value of GLV as of September 30, 2020?

As of September 30, 2020, GLV had approximately $154 million in total assets.

When will the dividend for GLV be payable?

The dividend for GLV will be payable on October 30, 2020.