Clough Global Opportunities Fund Announces Filing for Rights Offering
June 10 2019 - 4:30PM
Business Wire
Clough Global Opportunities Fund (the “Fund”) announced that a
preliminary registration statement will be filed with the
Securities and Exchange Commission (“SEC”) relating to the offering
of additional common shares of the Fund pursuant to a rights
offering. The Fund will be issuing transferable subscription rights
(“Rights”) to its common shareholders on a record date to be 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.
The rights offering is subject to the effectiveness of the
Fund’s Registration Statement to be filed with the SEC and will be
made only by means of a prospectus.
A final Registration Statement relating to the securities has
not been filed with the SEC as of the date of this release. These
securities may not be sold nor may offers to purchase be accepted
prior to the time the Registration Statement becomes effective with
the SEC.
This press release shall not constitute an offer to sell or
constitute a solicitation of an offer to buy. Investors should read
the prospectus, when available, and consider the investment
objective, risks, fees and expenses of the Fund carefully before
investing. To obtain a copy of the prospectus, annual report or
semi-annual report which contains this and other information about
the Fund visit www.cloughglobal.com or call 877-256-8445. Read them
carefully before investing.
The Clough Global Opportunities Fund
The Fund is a closed-end fund with an investment objective of
providing a high level of total return. The Fund seeks to achieve
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. Utilizing Clough Capital’s global research
capabilities, the Fund will invest in both U.S. and non-U.S.
markets. The Fund’s portfolio managers are Chuck Clough and Rob
Zdunczyk. As of April 30th, 2019 the Fund had approximately $595.4
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 $1.7 billion in assets, serves as investment
adviser to the Fund.
The Clough Global Opportunities 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/20190610005656/en/
Jeremy Held, ALPS+1 (303) 623 2577jeremy.held@alpsinc.comClough
Global Opportunities Fund (NYSE MKT: GLO)Fund Services Group,
877-256-8445
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