The Board of Trustees for the Clough Global Opportunities Fund (NYSE
MKT: GLO) has approved an increase in its monthly cash distribution, to
a rate of $0.100 per common share. This represents an increase in the
annualized distribution rate of $0.06 per share, 5.26%. Based on the
Fund’s current share price of $12.76 and net asset value per share of
$14.21 (as of close on January 2, 2015), the new distributions represent
an annualized distribution rate of 9.40% and 8.44%, respectively. The
Fund has approximately $1.4 billion in total assets.
The following dates apply to the distributions declared:
Ex-Date: January 14, 2015
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Record Date: January 16, 2015
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Payable Date: January 30, 2015
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Ex-Date: February 12, 2015*
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Record Date: February 17, 2015
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Payable Date: February 27, 2015
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Ex-Date: March 16, 2015
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Record Date: March 18, 2015
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Payable Date: March 31, 2015
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Ex-Date: April 15, 2015
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Record Date: April 17, 2015
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Payable Date: April 30, 2015
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*Previously February 13, 2015
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Charles I. Clough, Jr., CFA, Chairman & CEO, Clough Capital Partners, LP
commented, "We are pleased that the performance of the Fund enables us
to increase the amount of distributions and represents a continuation of
our ongoing effort to maximize shareholder value."
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 in 2015, including the percentage of
qualified dividend income, will be made after year-end.
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, with offices in Boston
and Hong Kong, the Clough Global Opportunities Fund will invest in both
U.S. and non-U.S. markets. More information on the Clough Global
Opportunities Fund, 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 is a Boston-based investment advisory firm which manages
approximately $4.4 billion in assets: $1.8 billion in hedge fund and
institutional accounts; $84 million in open-end mutual funds; and $2.5
billion in three closed-end funds (as of December 31, 2014) – Clough
Global Allocation (GLV), Clough Global Equity (GLQ), and the Clough
Global Opportunities Fund (GLO). The firm uses a global and theme-based
approach and invests in securities on a global basis. Clough was founded
in 2000 by Chuck Clough and partners James Canty and Eric Brock. These
three are the portfolio managers for the Clough Global Opportunities
Fund, as well as Robert Zdunczyk.
An investor should consider investment objectives, risks, charges and
expenses carefully before investing. To obtain a prospectus, 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 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.
Copyright Business Wire 2015