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Clough Global Dividend and Income Fund (GLV) is a closed-end investment management company. The primary objective of the fund is to provide a high level of total return by investing in a diversified portfolio of equity and debt securities. These investments span both U.S. and non-U.S. markets and include companies of any market capitalization.
The fund utilizes a fundamental research-driven investment process to identify high-quality opportunities across various asset classes. Managed by a team of experienced portfolio managers, including Chuck Clough and Bill Whelan, the fund aims to deliver consistent returns through its well-structured investment strategy. As of March 31, 2024, the fund's total assets were approximately $115.3 million.
One of the key features of Clough Global Dividend and Income Fund is its managed distribution policy. The fund sets a monthly distribution rate at an amount equal to one twelfth of 10% of the fund's adjusted year-end net asset value per share. This policy aims to provide shareholders with regular income while also considering the fund's overall performance and market conditions.
The most recent updates highlight the fund's commitment to providing monthly distributions. On multiple occasions, the fund has announced distributions of $0.0526 per share to shareholders of record, ensuring a steady stream of income for investors. Additionally, the fund's Board of Trustees regularly reviews distribution levels and adjusts them as necessary to align with market conditions and the fund's net asset value.
The fund's performance metrics are continually monitored and reported. Cumulative distribution rates, fiscal year-to-date returns, and changes in net asset value are some of the key performance indicators disclosed to investors. These metrics help shareholders understand the fund's performance and make informed investment decisions.
Clough Capital Partners L.P., the investment advisory firm managing the fund, is based in Boston and oversees approximately $1.2 billion in assets. The firm's expertise spans hedge funds, institutional accounts, exchange-traded funds, and other closed-end funds, including Clough Global Equity Fund (GLQ) and Clough Global Opportunities Fund (GLO).
Overall, Clough Global Dividend and Income Fund (GLV) aims to deliver a high level of total return through a well-diversified and strategically managed portfolio. By consistently providing monthly distributions and maintaining a transparent performance tracking system, the fund seeks to enhance shareholder value and provide a reliable investment option for those looking to diversify their portfolios.
The Clough Global Dividend and Income Fund (GLV) announced a monthly distribution of $0.0597 per share for shareholders of record as of February 17, 2023.
This distribution comprises 7.00% from net investment income, and notably 93.00% as a return of capital. For the fiscal year-to-date, the cumulative distributions amount to $0.3006 per share, with 96.90% also attributed to return of capital. The fund's performance shows an annualized distribution rate of 10.01% as a percentage of NAV.
The Clough Global Dividend and Income Fund (NYSE MKT: GLV) has announced a monthly distribution of $0.0597 per share, payable to shareholders on record as of January 20, 2023. This distribution is fully derived from net investment income, with no portions coming from capital gains or return of capital. The estimated total cumulative distribution per share for the fiscal year-to-date is $0.2409, with 73.08% attributed to return of capital. The Fund's annualized distribution rate is reported at 10.01% of the net asset value (NAV). Shareholders should be aware that the distributions reported may not reflect actual income and could include returns of capital.
The Clough Global Dividend and Income Fund (GLV) announced a monthly cash distribution of $0.0597 per share for January, February, and March 2023. This distribution aligns with the Fund's managed distribution policy, set at one-twelfth of 10% of the Fund's adjusted year-end net asset value (NAV). Key dates include an ex-date on January 19, 2023, record date on January 20, 2023, and payment date on January 31, 2023. The Fund's total assets as of December 31, 2022, stood at approximately $171.4 million.
The Clough Global Dividend and Income Fund (GLV) announced a monthly distribution of $0.0906 per share, payable to shareholders on December 30, 2022. This payment is attributed entirely to a return of capital, indicating that the fund has distributed more than its income and realized capital gains. For the current fiscal year, the fund's annualized distribution rate stands at 14.42% of NAV, with a cumulative distribution rate of 2.40%. Investors should note that returns of capital do not necessarily reflect the fund's performance.
The Clough Global Dividend and Income Fund (GLV), a closed-end fund, announced a monthly distribution of $0.0906 per share for shareholders recorded as of November 18, 2022. The distribution is composed mainly of a 94.33% return of capital, with only 5.67% coming from net investment income. This distribution is part of a broader managed distribution plan, and the fund's performance shows a cumulative total return of -24.40% over the fiscal year.
The Clough Global Dividend and Income Fund (GLV) announced a monthly distribution of $0.0906 per share on October 31, 2022, for shareholders of record as of October 21, 2022. This distribution is composed entirely of a return of capital, with net investment income, short-term, and long-term capital gains contributing 0%.
For the fiscal year-to-date, the fund reports a cumulative distribution of $1.0994 per share. The annualized distribution rate stands at 14.98% based on its net asset value (NAV), but cumulative total return on NAV shows a decline of -26.18%.
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.
The Clough Global Dividend and Income Fund (GLV) announced a monthly distribution of $0.0906 per share, paid on September 30, 2022, to shareholders on record as of September 20, 2022. The fund's distributions are attributed entirely to a return of capital, with no income or capital gains reported. For the fiscal year-to-date, the fund has cumulatively distributed a total of $1.0088 per share. The estimated annualized distribution rate stands at 13.80% of the net asset value (NAV), although cumulative total return has decreased by -20.91%.
The Clough Global Dividend and Income Fund (NYSE MKT: GLV) announced a monthly distribution of $0.0906 per share, payable to shareholders recorded as of August 19, 2022. This distribution is entirely derived from a return of capital, representing 100% of the total distribution amount. The fund's fiscal year-to-date cumulative distributions amount to $0.9182, with 92.94% sourced from capital return. The Fund's current annualized distribution rate is 13.10% based on NAV as of July 31, 2022.
The Clough Global Dividend and Income Fund (GLV) announced a monthly distribution of $0.0906 per share to shareholders, payable on July 29, 2022, for those on record as of July 19, 2022. The distribution comprises 100% return of capital, indicating all funds disbursed are from capital sources, with no contribution from net investment income or realized gains. Fiscal year-to-date, the fund's annualized distribution rate is 13.15% based on its Net Asset Value (NAV) as of June 30, 2022. The fund also reported a cumulative total return of -18.82% on NAV during the period.
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