Clough Global Dividend and Income Fund Declares a Monthly Cash Distribution of $0.1215 Per Share
August 11 2017 - 6:00AM
Business Wire
Today, the Board of Trustees (the “Board”) for the Clough Global
Dividend and Income Fund (the “Fund”) has declared a monthly cash
distribution of $0.1215 per common share. As part of the previously
announced ”discount management plan” (see press release dated July
10, 2017 for more information) the Board approved a four year
managed distribution program, beginning with the August, 2017
distribution. The following dates apply to the distribution
declared:
Ex-Date: August 18, 2017Record Date: August 22, 2017Payable
Date: August 31, 2017
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 a 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 July
31st, 2017 the fund had approximately $152.6 million in total
assets. More information, including the Fund’s dividend
reinvestment plan, can be found at www.cloughglobal.com or call
877-256-8445.
Clough Capital Partners L.P.
Clough Capital is a Boston-based investment advisory firm which
manages approximately $2.7 billion in assets: $1.0 billion in hedge
fund and institutional accounts; $85 million in open-end mutual
funds; and $1.6 billion in three closed-end funds (as of July 31,
2017) – Clough Global Dividend and Income (GLV), Clough Global
Equity (GLQ), and the 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
877-256-8445. 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170811005030/en/
Clough Capital Partners L.P.Tom Carter, ALPS, +1
303-623-2577tom.carter@alpsinc.comorClough Global Dividend and
Income Fund (NYSE MKT: GLV)Fund Services Group,
877-256-8445
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