Clough Global Opportunities Fund Update on Potential Rights Offering
July 09 2019 - 5:45PM
Business Wire
In June 2019 the Clough Global Opportunities Fund (the “Fund”)
filed a preliminary registration statement 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
is continuing to evaluate the possibility of pursing a rights
offering.
If the Fund determines to pursue the rights offering, the final
terms of the rights offering are subject to approval by the Fund’s
Board of Trustees. There is no assurance that the Fund will proceed
with the rights offering.
The rights offering, if made, is subject to the effectiveness of
the Fund’s Registration Statement 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.
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 May 31st, 2019 the Fund had approximately $613.2
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 information in this prospectus is not complete and may be
changed. The Fund may not sell these securities until the
registration statement filed with the Securities and Exchange
Commission is effective. This prospectus is not an offer to sell
these securities and it is not soliciting an offer to buy these
securities in any jurisdiction where the offer or sale is not
permitted.
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 1-877-256-8445. Read
them carefully before investing.
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/20190709005879/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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