Clough Global Dividend and Income Fund announces an Equity Buyback for 5% of its issued share capital.
June 05, 2024 at 05:00 am
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Clough Global Dividend and Income Fund (NYSEAM:GLV) announces a share repurchase program. Under the program, the company will repurchase up to 5% of its outstanding common shares. The purpose of the program is to enhance shareholder value. The repuchases will expire on June 30, 2025.
Clough Capital Partners L.P. acted as investment adviser to the Funds.
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.
CLOUGH GLOBAL DIVIDEND AND INCOME FUND 
