Welcome to our dedicated page for Clough Global Dividend and Income Fund news (Ticker: GLV), a resource for investors and traders seeking the latest updates and insights on Clough Global Dividend and Income Fund stock.
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.
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.
Clough Capital Partners L.P. is hosting a market update conference call for the Clough Global Dividend and Income Fund (GLV), Clough Global Equity Fund (GLQ), and Clough Global Opportunities Fund (GLO) on June 10, 2021, at 2:30 PM EDT. The call will be led by Chairman Chuck Clough and Rob Zdunczyk, Head of Fixed Income. Each fund is currently offering a one-for-three transferable rights offering under their SEC registration. As of May 31, 2021, GLV had $166 million, GLQ had $367 million, and GLO had $720 million in assets.
The Clough Global Dividend and Income Fund (NYSE MKT: GLV) announced a monthly distribution of $0.0967 per share to shareholders recorded on May 20, 2021. The distribution consists of 9.31% from net investment income and 90.69% as a return of capital. For the fiscal year-to-date, the cumulative distribution is $0.6851 per share, with 87.99% attributed to return of capital. The Fund's annualized distribution rate stands at 9.84% based on the NAV as of April 30, 2021. Shareholders should note that this return of capital does not reflect investment performance.
The Board of Trustees of the Clough Global Dividend and Income Fund (GLV) has announced a transferable rights offering. Shareholders of record as of May 25, 2021, will receive one right for each share held, with every three rights allowing for the subscription of one new share at a calculated subscription price. The offering is expected to begin on May 27, 2021, and expire on June 22, 2021. Rights will trade on the NYSE American starting May 28, 2021. Shareholders exercising their rights will not receive distributions for new shares issued during May or June 2021.
On April 30, 2021, Clough Global Dividend and Income Fund (NYSE MKT: GLV) distributed $0.0967 per share to shareholders recorded as of April 20, 2021. This distribution consists of 19.65% from net investment income and 80.35% as return of capital. For the fiscal year-to-date, cumulative distributions totaled $0.5884 per share, with 12.47% from net investment income and 87.53% from return of capital. The annualized distribution rate stands at 9.99% of the NAV as of March 31, 2021. The Fund's distribution policy is subject to review by the Board of Trustees.
The Clough Global Dividend and Income Fund (GLV) has announced a monthly cash distribution of $0.0967 per share. This payout aligns with the Fund's managed distribution policy, aiming for a distribution rate of one-twelfth of 10% of the adjusted year-ending net asset value (NAV). The distribution dates are as follows: Ex-Dates on April 19, May 19, and June 18, with corresponding Payable Dates on April 30, May 28, and June 30, 2021. The Fund's assets total approximately $165.3 million as of March 31, 2021, targeting high total returns through a diversified investment strategy.
The Clough Global Dividend and Income Fund (GLV) announced a monthly distribution of $0.0967 per share to shareholders, payable on March 31, 2021, to those on record by March 19, 2021. This distribution consists of 27.72% from net investment income and 72.28% as a return of capital. For the fiscal year-to-date, the cumulative distributions amount to $0.4917 per share, with 88.94% attributed to return of capital. The annualized distribution rate stands at 10.13% based on the fund's Net Asset Value (NAV).
On February 26, 2021, the Clough Global Dividend and Income Fund (GLV) announced a monthly distribution of $0.0967 per share for shareholders of record by February 18, 2021. The distribution is largely derived from a return of capital (approximately 90.80%), with only 9.20% from net investment income. For the fiscal year to date, the total distribution amounts to $0.3950 per share. The fund's annualized distribution rate stands at 9.99% of its net asset value (NAV), reflecting a cumulative total return of 16.79% on NAV.
On January 29, 2021, the Clough Global Dividend and Income Fund (NYSE MKT: GLV) announced a monthly distribution of $0.0967 per share, payable to shareholders of record as of January 20, 2021. This distribution consists of approximately 94% return of capital, with only 6% attributed to net investment income. The fund's annualized distribution rate is 9.91% as a percentage of its net asset value (NAV), with a cumulative return of 16.75% on NAV year-to-date.
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