Clough Global Dividend and Income Fund Declares Monthly Cash Distributions for October, November, and December 2021 of $0.0967 per Share

Rhea-AI Summary

The Clough Global Dividend and Income Fund (GLV) has declared a monthly cash distribution of $0.0967 per common share for October, November, and December 2021. The distributions are aligned with the Fund's managed distribution policy, set at one-twelfth of 10% of its adjusted year-ending net asset value (NAV). Key distribution dates include the ex-date on October 19, record date on October 20, and payable date on October 29. As of September 30, 2021, the Fund had approximately $205.4 million in total assets.

Positive

• Monthly distribution of $0.0967 per share boosts shareholder income.
• Managed distribution policy aligns with investor expectations.

Negative

• A portion of the distribution may come from sources other than net income, affecting sustainability.

DENVER, Oct. 8, 2021 /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 $0.0967 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, 2021
Record Date: October 20, 2021
Payable Date: October 29, 2021

Ex-Date: November 18, 2021
Record Date: November 19, 2021
Payable Date: November 30, 2021

Ex-Date: December 20, 2021
Record Date: December 21, 2021
Payable Date: December 30, 2021

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 Clough Capital Partners L.P.'s ("Clough Capital") 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, 2021, the Fund had approximately $205.4 million in total assets. More information, including the Fund's dividend reinvestment plan, can be found at www.cloughglobal.com or call 855-425-6844.

Clough Capital Partners L.P.
Clough Capital is a Boston-based investment advisory firm which manages approximately $2.4 billion in assets: $792 million in hedge fund and institutional accounts; $116 million in open-end mutual funds; and $1.4 billion in three closed-end funds (as of September 30, 2021) – 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 855-425-6844. 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 for GLV?

The dividend amount for GLV is $0.0967 per common share.

When is the GLV dividend payable?

The GLV dividend is payable on October 29, 2021.

What are the ex-dates for the upcoming GLV dividends?

The ex-dates are October 19, November 18, and December 20, 2021.

Is the GLV dividend sustainable?

A portion of the GLV dividend may be paid from sources other than net income, which could impact sustainability.