CLOUGH GLOBAL DIVIDEND AND INCOME FUND DECLARES MONTHLY CASH DISTRIBUTIONS FOR JULY, AUGUST AND SEPTEMBER 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 the months of July, August, and September 2022. The distribution aligns with the Fund's managed distribution policy, which sets the monthly rate at 10% of the adjusted year-end net asset value (NAV). Key payment dates include July 29, August 31, and September 30, 2022. As of June 30, 2022, the Fund had total assets of approximately $186.7 million, focused on providing a high total return through diverse investments.

Positive

• Declared monthly distribution of $0.0906 per share, providing income for shareholders.
• Fund maintains a managed distribution policy aimed at a total return of 10% of adjusted NAV.

Negative

• None.

DENVER, July 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: July 18, 2022
Record Date: July 19, 2022
Payable Date: July 29, 2022

Ex-Date: August 18, 2022
Record Date: August 19, 2022
Payable Date: August 31, 2022

Ex-Date: September 19, 2022
Record Date: September 20, 2022
Payable Date: September 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 June 30^th, 2022 the fund had approximately $186.7 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: $594 million in hedge fund and institutional accounts; $47 million in open-end mutual funds; and $1.2 billion in three closed-end funds (as of June 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.

Clough Global Dividend and Income Fund (NYSE MKT: GLV)

1290 Broadway, Suite 1000
Denver, CO 80203

ALPS Portfolio Solutions Distributor, Inc, FINRA Member Firm.

View original content to download multimedia:https://www.prnewswire.com/news-releases/clough-global-dividend-and-income-fund-declares-monthly-cash-distributions-for-july-august-and-september-2022-of-0-0906-per-share-301582684.html

SOURCE Clough Global Dividend and Income Fund

FAQ

When will the cash distribution for GLV be paid?

The cash distribution for GLV is payable on July 29, August 31, and September 30, 2022.

What is the amount of the monthly distribution for GLV?

The monthly cash distribution for GLV is $0.0906 per common share.

What is the ex-date for the upcoming GLV distributions?

The ex-dates for the upcoming GLV distributions are July 18, August 18, and September 19, 2022.

How is the distribution amount for GLV determined?

The distribution amount for GLV is determined based on a managed distribution policy set at 10% of the adjusted year-end net asset value (NAV).

What was the total asset value of GLV as of June 30, 2022?

As of June 30, 2022, the total asset value of GLV was approximately $186.7 million.