Clough Global Dividend and Income Fund Announces Effective Registration Statement
July 15 2019 - 7:36PM
Business Wire
Clough Global Dividend and Income Fund (the “Fund”) announced
that the registration statement filed with the Securities and
Exchange Commission (“SEC”) relating to the offering of additional
common shares of the Fund pursuant to a rights offering has become
effective and a final prospectus is available.
The Fund will be issuing transferable subscription rights
(“Rights”) to its common shareholders on the record date of July
18, 2019 set by the Fund’s Board of Trustees (the “Record Date” and
such shareholders, “Record Date Shareholders”) who will be allowed
to subscribe for new common shares of the Fund (the “Primary
Subscription”). Record Date Shareholders will receive one Right for
each common share held on the Record Date. For every five Rights
held, a holder of Rights may buy one new common share of the Fund.
Record Date Shareholders who fully exercise all Rights initially
issued to them in the Primary Subscription will be entitled to buy
those common shares that are not purchased by other holders of
Rights.
This press release shall not constitute an offer to sell or
constitute a solicitation of an offer to buy.
An investor should consider investment objectives, risks,
charges and expenses carefully before investing. To obtain a
prospectus or an annual report or semi-annual report which contains
this and other information visit www.cloughglobal.com or call
1-877-256-8445. Read them carefully before investing.
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 May
31st, 2019 the fund had approximately $157.6 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, a Boston-based investment advisory firm which
manages approximately $1.8 billion in assets as of May 31st, 2019,
serves as investment adviser to the Fund.
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: https://www.businesswire.com/news/home/20190715005834/en/
Clough Capital Partners L.P. Jeremy Held, ALPS +1 (303) 623 2577
jeremy.held@alpsinc.com
Fund Services Group at 877-256-8445
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