Clough Global Dividend and Income Fund Declares Monthly Cash Distributions for October, November and December 2020
October 09, 2020 at 06:00 am EDT
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The Clough Global Dividend and Income Fund's board of trustees approved a monthly common stock cash distribution of USD 0.1008 per share for October, November and December 2020. With ex-dividend dates of 19 October, 19 November and 18 December 2020, all shareholders of record dates on 20 October, 20 November and 21 December 2020 will be paid the distributions on 30 October, 30 November and 31 December 2020.
Clough Global Dividend and Income Fund (the Fund) is a closed-end management investment company. The Fund's investment objective is to provide a high level of total return. It seeks to invest at least 80% of its net assets, including any borrowings for investment purposes, in equity securities in both United States and non-United States markets. It invests in a managed mix of equity and debt securities. The Fund may not invest more than 33% of its total assets in securities (including equity and fixed income securities) of governments and companies in emerging markets. The Fund also invest a portion of its assets in real estate investment trusts (REITs). It may not invest more than 10% of its total assets in debt securities rated below investment grade. In addition to shorting to hedge equity risk, the Fund may utilize instruments including, exchange traded funds (ETFs), derivative positions and U.S. Treasury securities. Clough Capital Partners L.P. is the Fund's investment adviser.