Clough Global Dividend and Income Fund Declares Monthly Cash Distributions for July, August and September 2024 of $0.0526 Per Share

Rhea-AI Summary

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.

Positive

• Declared monthly cash distributions of $0.0526 per share for July, August, and September 2024.
• The Fund's total assets were approximately $127.0 million as of June 30, 2024.
• Distribution policy aims for a 10% annual distribution rate, reflecting the company's confidence in its financial health.

Negative

• A portion of the distribution may be paid from sources other than net income, including return of capital, which might indicate potential sustainability concerns.

DENVER, CO / ACCESSWIRE / July 9, 2024 / Today, the Board of Trustees (the "Board") for the Clough Global Dividend and Income Fund (the "Fund") has declared a monthly cash distribution of $0.0526 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 19, 2024
Record Date: July 19, 2024
Payable Date: July 31, 2024

Ex-Date: August 16, 2024
Record Date: August 16, 2024
Payable Date: August 30, 2024

Ex-Date: September 17, 2024
Record Date: September 17, 2024
Payable Date: September 30, 2024

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 Bill Whelan. As of June 30, 2024, the Fund had approximately $127.0 million in total assets. More information, including the Fund's dividend reinvestment plan, can be found at www.cloughcefs.com or call 1-855-425-6844.

Clough Capital Partners L.P.*

Clough Capital Partners L.P. is a Boston-based investment advisory firm which manages approximately $1.3 billion in assets: $519 million in hedge fund and institutional accounts, $50 million in exchange-traded funds, and $767 million in three closed-end funds (as of June 30, 2024) - 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.cloughcefs.com or call 1-855-425-6844. Read the prospectus 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.

*These are preliminary estimates and are not reflective of finalized calculations.

SOURCE: Clough Global Dividend and Income Fund | GLV

View the original press release on accesswire.com

FAQ

What are the dividend amounts declared by Clough Global Dividend and Income Fund (GLV) for July, August, and September 2024?

The Clough Global Dividend and Income Fund (GLV) declared monthly cash distributions of $0.0526 per share for July, August, and September 2024.

When are the record dates for the Clough Global Dividend and Income Fund (GLV) distributions?

The record dates for the distributions are July 19, August 16, and September 17, 2024.

When will the Clough Global Dividend and Income Fund (GLV) pay its declared distributions?

The payable dates for the distributions are July 31, August 30, and September 30, 2024.

What is the managed distribution policy of the Clough Global Dividend and Income Fund (GLV)?

The Fund's managed distribution policy sets the monthly distribution rate at an amount equal to one-twelfth of 10% of the Fund's adjusted year-end NAV.

What are the total assets of the Clough Global Dividend and Income Fund (GLV) as of June 30, 2024?

As of June 30, 2024, the Fund had approximately $127.0 million in total assets.