Clough Global Allocation Fund
March 31 2016 - 9:35AM
Business Wire
Statement Pursuant to Section 19(a) of the
Investment Company Act of 1940
On March 31, 2016, the Clough Global Allocation Fund (NYSE
MKT:GLV) (the “Fund”), a closed-end fund, paid a monthly
distribution on its common stock of $0.1200 per share to
shareholders of record at the close of business on March 18,
2016.
The following table sets forth the estimated amount of the
sources of distribution for purposes of Section 19 of the
Investment Company Act of 1940, as amended, and the related rules
adopted thereunder. The Fund estimates the following percentages,
of the total distribution amount per share, attributable to (i)
current and prior fiscal year net investment income, (ii) net
realized short-term capital gain, (iii) net realized long-term
capital gain and (iv) return of capital or other capital source as
a percentage of the total distribution amount. These percentages
are disclosed for the current distribution as well as the fiscal
year-to-date cumulative distribution amount per share for the
Fund.
Current
Distribution from: Per Share
($) % Net Investment Income 0.0000 0.00% Net
Realized Short-Term Capital Gain 0.0000 0.00% Net Realized
Long-Term Capital Gain 0.1200 100.00% Return of Capital or other
Capital Source
0.0000 0.00% Total (per
common share) 0.1200 100.00%
Fiscal Year-to-Date
Cumulative Distributions from: Per Share
($) % Net Investment Income 0.0000 0.00% Net
Realized Short-Term Capital Gain 0.0000 0.00% Net Realized
Long-Term Capital Gain 0.4800 80.00% Return of Capital or other
Capital Source
0.1200 20.00% Total (per
common share) 0.6000 100.00%
The amounts and sources of distributions reported in this
19(a) Notice are only estimates and not for tax reporting
purposes. The actual amounts and sources of the amounts for
tax reporting purposes will depend upon the Fund’s investment
experience during the remainder of its fiscal year and may be
subject to changes based on tax regulations. The Fund will send you
a Form 1099-DIV for the calendar year that will tell you how to
report these distributions for federal income tax purposes. The
Fund estimates that it has distributed more than its income and net
realized capital gains; therefore, a portion of your distribution
may be a return of capital. A return of capital may occur for
example, when some or all of the money that you invested in the
Fund is paid back to you. A return of capital distribution does not
necessarily reflect the Fund’s investment performance and should
not be confused with ‘yield’ or ‘income.’
Presented below are return figures, based on the change in the
Fund’s Net Asset Value per share (“NAV”), compared to the
annualized distribution rate for this current distribution as a
percentage of the NAV on the last business day of the month prior
to distribution record date.
Fund Performance & Distribution Information
Fiscal Year to Date (11/01/2015 through 2/29/2016)
Annualized Distribution Rate as a Percentage of NAV^
10.79% Cumulative Distribution Rate on NAV^ 4.50%
Cumulative Total Return on NAV* -11.40%
Average Annual Total Return on NAV for the 5 Year
Period Ending 2/29/2016** 2.86%
^ Based on the Fund’s NAV as of February 29, 2016.
*Cumulative fiscal year-to-date return is based on the change in
NAV including distributions paid and assuming reinvestment of these
distributions for the period November 1, 2015 through February 29,
2016.
**The 5 year average annual total return is based on change in
NAV including distributions paid and assuming reinvestment of these
distributions and is through the last business day of the month
prior to the month of the current distribution record date.
While the NAV performance may be indicative of the Fund’s
investment performance, it does not measure the value of a
shareholder’s investment in the Fund. The value of a shareholder’s
investment in the Fund is determined by the Fund’s market price,
which is based on the supply and demand for the Fund’s shares in
the open market. Shareholders should not draw any conclusions
about the Fund’s investment performance from the amount of this
distribution or from the terms of the Fund’s Managed Distribution
Plan.
Furthermore, the Board of Trustees reviews the amount of any
potential distribution and the income, capital gain or capital
available. The Board of Trustees will continue to monitor the
Fund’s distribution level, taking into consideration the Fund’s net
asset value and the financial market environment. The Fund’s
distribution policy is subject to modification by the Board of
Trustees at any time. The distribution rate should not be
considered the dividend yield or total return on an investment in
the Fund.
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version on businesswire.com: http://www.businesswire.com/news/home/20160331005052/en/
Clough Capital Partners L.P.Tom Carter, ALPS,
+1-303-623-2577tom.carter@alpsinc.com
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