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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 (NYSE MKT: GLV) announced a monthly distribution of $0.0967 per share, payable to shareholders on November 30, 2021. This distribution comprises 4.34% from net investment income, 51.60% from net realized short-term capital gains, and 44.06% as a return of capital. The fund's fiscal year-to-date cumulative distribution rate stands at 0.88%, with a total return of 23.22% on net asset value (NAV). The annualized distribution rate is 10.54% of NAV as of October 31, 2021.
The Clough Global Dividend and Income Fund (GLV) announced a monthly distribution of $0.0967 per share to shareholders of record as of October 20, 2021. This distribution is entirely derived from net realized long-term capital gains. The fund's cumulative distribution rate stands at 10.90% as of October 29, 2021, with a fiscal year-to-date return of 18.93% on its net asset value (NAV). A portion of the distribution may be a return of capital, which does not reflect the fund's investment performance.
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.
The Clough Global Dividend and Income Fund (GLV) announced a monthly distribution of $0.0967 per share, payable to shareholders as of September 21, 2021. This distribution is composed entirely of net realized long-term capital gains, with no contributions from net investment income or short-term gains. The fund has cumulatively distributed $1.0719 per share in the fiscal year to date, representing a return of capital at 56.24%. The annualized distribution rate is 10.24%.
The Clough Global Dividend and Income Fund (NYSE MKT: GLV) distributed $0.0967 per share on August 31, 2021, to shareholders of record as of August 20, 2021. This distribution is entirely from net realized long-term capital gains. For the fiscal year-to-date, the fund reported a cumulative total return of 25.16% and an annualized distribution rate of 10.11% as a percentage of its net asset value (NAV). The board continues to monitor distribution levels in response to financial market conditions.
The Clough Global Dividend and Income Fund (NYSE MKT: GLV) announced a monthly distribution of $0.0967 per share to shareholders of record as of July 20, 2021. The distribution primarily consists of 100% net realized long-term capital gains, with no portion coming from net investment income or return of capital. The Fund’s annualized distribution rate is 10.41% of the Net Asset Value (NAV) as of June 30, 2021, and the cumulative total return on NAV stands at 20.55% for the fiscal year to date.
The Clough Global Dividend and Income Fund (GLV) announced a monthly cash distribution of $0.0967 per share, payable on July 30, August 31, and September 30, 2021. This distribution aligns with the Fund's managed policy, which sets the monthly rate as one-twelfth of 10% of the adjusted year-end net asset value. The Fund holds approximately $204.2 million in assets as of June 30, 2021, with an investment strategy focused on equity and fixed income securities. The ex-dates for upcoming distributions are July 19, August 19, and September 20, 2021.
The Clough Global Dividend and Income Fund (GLV) announced a monthly distribution of $0.0967 per share on June 30, 2021, for shareholders recorded as of June 21, 2021. This distribution stems entirely from net realized long-term capital gains, with no net investment income or short-term capital gains reported. The fund has distributed a total of $0.7818 per share thus far in the fiscal year, with the majority being a return of capital. The current annualized distribution rate stands at 9.94% based on the net asset value (NAV) as of May 31, 2021.
Clough Global Dividend and Income Fund has successfully completed its rights offering, issuing 2,807,451 new common shares. This issuance represents one-third of the shares outstanding prior to the offering, with a subscription price of $10.15 per share. The funds will be strategically invested in well-priced sectors within global markets to enhance total return and current income. As of May 31, 2021, the Fund manages approximately $166 million in total assets, aiming for a high level of income and returns for shareholders.
Clough Global Dividend and Income Fund announced the successful completion of its rights offering, set to issue 2,807,451 new common shares around June 30, 2021. This issuance represents one-third of the pre-existing shares. The subscription price was established at $10.15, based on 95% of the average market price from the preceding five trading days. The Fund aims to strategically invest the additional capital to enhance total returns and current income for shareholders.
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