CLOUGH GLOBAL DIVIDEND AND INCOME FUND DECLARES MONTHLY CASH DISTRIBUTIONS FOR OCTOBER, NOVEMBER AND DECEMBER 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 share, to be paid on specified dates in October, November, and December 2022. The distributions will align with the Fund's managed policy, set at 10% of the adjusted year-end net asset value per share. The ex-dates for these distributions are October 20, November 17, and December 19, 2022. As of September 30, 2022, the Fund managed approximately $172.1 million in total assets.

Positive

• Monthly distribution of $0.0906 per share provides income for shareholders.
• Fund's investment strategy includes equity and fixed income securities, potentially enhancing returns.

Negative

• A portion of the distribution may be sourced from capital gains or return of capital, indicating reliance on non-income sources.

DENVER, Oct. 11, 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: October 20, 2022
Record Date: October 21, 2022
Payable Date: October 31, 2022

Ex-Date: November 17, 2022
Record Date: November 18, 2022
Payable Date: November 30, 2022

Ex-Date: December 19, 2022
Record Date: December 20, 2022
Payable Date: December 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 manager is Chuck Clough. As of September 30, 2022 the Fund had approximately $172.1 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 Partners L.P. is a Boston-based investment advisory firm which manages approximately $1.6 billion in assets: $543 million in hedge fund and institutional accounts; $39 million in open-end mutual funds; and $1.0 billion in three closed-end funds (as of September 30, 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                                                                         

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SOURCE Clough Global Dividend and Income Fund

FAQ

What is the dividend amount declared by Clough Global Dividend and Income Fund (GLV)?

The Fund has declared a monthly cash distribution of $0.0906 per share.

When is the payment date for the dividend declared by GLV?

The payment dates for the dividends are October 31, November 30, and December 30, 2022.

What are the ex-dates for the dividends announced by Clough Global Dividend and Income Fund?

The ex-dates for the declared dividends are October 20, November 17, and December 19, 2022.

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

The distribution rate is set equal to one twelfth of 10% of the Fund's adjusted year-end net asset value per share.

What does it mean if a portion of the distribution is paid from sources other than net income?

It indicates that part of the distribution may be derived from capital gains or return of capital, rather than income generated by the Fund's investments.