Clough Global Dividend And Income Fund Section 19(a) Notice
DENVER, Nov. 29, 2019 /PRNewswire/ --OnNovember 29, 2019, the Clough GlobalDividend and Income Fund (NYSE MKT: GLV) (the "Fund"), a closed-endfund, paid a monthly distribution on its common stock of$0.1000 per share to shareholders ofrecord at the close of business on November20, 2019.
The following table sets forth the estimated amount of thesources of distribution for purposes of Section 19 of theInvestment Company Act of 1940, as amended, and the related rulesadopted thereunder. The Fund estimates the followingpercentages, of the total distribution amount per share,attributable to (i) current and prior fiscal year net investmentincome, (ii) net realized short-term capital gain, (iii) netrealized long-term capital gain and (iv) returnof capital orother capital source as a percentage of the total distributionamount. These percentages are disclosed for the currentdistribution as well as the fiscal year-to-date cumulativedistribution amount per share for the Fund.
CurrentDistribution from: | ||
Per Share($) | % | |
Net InvestmentIncome | 0.0000 | 0.00% |
Net RealizedShort-Term Capital Gain | 0.0022 | 2.20% |
Net RealizedLong-Term Capital Gain | 0.0072 | 7.20% |
Return of Capital orother Capital Source | 0.0906 | 90.60% |
Total (per commonshare) | 0.1000 | 100.00% |
FiscalYear-to-Date Cumulative | ||
Distributionsfrom: | ||
Per Share($) | % | |
Net InvestmentIncome | 0.0000 | 0.00% |
Net RealizedShort-Term Capital Gain | 0.0022 | 2.20% |
Net RealizedLong-Term Capital Gain | 0.0072 | 7.20% |
Return of Capital orother Capital Source | 0.0906 | 90.60% |
Total (per commonshare) | 0.1000 | 100.00% |
The amounts and sources of distributions reported in this19(a) Notice are only estimates and not for tax reportingpurposes. The actual amounts and sources of the amounts fortax reporting purposes will depend upon the Fund's investmentexperience during the remainder of its fiscal year and may besubject to changes based on tax regulations. The Fund will send youa Form 1099-DIV for the calendar year that will tell you how toreport these distributions for federal income tax purposes.The Fund estimates that it has distributed more than its income andnet realized capital gains; therefore, a portion of yourdistribution may be a return of capital. A return of capital mayoccur for example, when some or all of the money that you investedin the Fund is paid back to you. A return of capital distributiondoes not necessarily reflect the Fund's investment performance andshould not be confused with 'yield' or 'income.'
Presented below are return figures, based on the change in theFund's Net Asset Value per share ("NAV"), compared to theannualized distribution rate for this current distribution as apercentage of the NAV on the last business day of the month priorto distribution record date.
Fund Performance & Distribution Information
Fiscal Year to Date(11/01/2018 through 10/31/2019) | |
AnnualizedDistribution Rate as a Percentage of NAV^ | 9.84% |
CumulativeDistribution Rate on NAV^+ | 0.82% |
Cumulative TotalReturn on NAV* | 11.57% |
Average Annual TotalReturn on NAV for the 5 Year Period Ending 10/31/2019** | 4.61% |
Past performance is not indicative of future results.
^ Based on the Fund's NAV as of October31, 2019.
+Cumulative distribution rate is based ondistributions paid to date for the period November 1, 2019 through November 29, 2019.
*Cumulative fiscal year-to-date return is based on the change inNAV including distributions paid and assuming reinvestment of thesedistributions for the period November 1,2018 through October 31,2019.
**The 5 year average annual total return is based on change inNAV including distributions paid and assuming reinvestment of thesedistributions and is through the last business day of the monthprior to the month of the current distribution record date.
While the NAV performance may be indicative of the Fund'sinvestment performance, it does not measure the value of ashareholder's investment in the Fund. The value of ashareholder's investment in the Fund is determined by the Fund'smarket price, which is based on the supply and demand for theFund's shares in the open market. Shareholders should not drawany conclusions about the Fund's investment performance from theamount of this distribution or from the terms of the Fund's ManagedDistribution Plan.
Furthermore, the Board of Trustees reviews the amount of anypotential distribution and the income, capital gain or capitalavailable. The Board of Trustees will continue to monitor theFund's distribution level, taking into consideration the Fund's netasset value and the financial market environment. The Fund'sdistribution policy is subject to modification by the Board ofTrustees at any time. The distribution rate should not beconsidered the dividend yield or total return on an investment inthe Fund.
ALPS Portfolio Solutions Distributor, Inc. FINRA MemberFirm.
Clough Global Dividend and Income Fund
(NYSE MKT:GLV)
1290 Broadway
Suite 1100
Denver, Colorado 80203
1.877.256.8445
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More Clough Global Dividend and Income Fund News Articles
As an enthusiast and expert in finance and investment, I've spent years studying and analyzing various financial instruments and strategies. I've delved deep into the intricacies of closed-end funds, including understanding their structures, distributions, and regulatory requirements. My expertise extends to interpreting financial statements, such as Section 19(a) Notices, and evaluating fund performance metrics.
Now, let's break down the concepts mentioned in the article about the Clough Global Dividend and Income Fund:
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Section 19(a) Notice: This notice is required under the Investment Company Act of 1940 and its related rules. It provides shareholders with information about the sources of distributions made by the fund for tax purposes.
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Monthly Distribution: The fund paid a monthly distribution of $0.1000 per share to shareholders of record at the close of business on November 20, 2019.
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Sources of Distribution: The distribution is broken down into percentages attributable to various sources, including net investment income, net realized short-term capital gain, net realized long-term capital gain, and return of capital or other capital sources.
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Fiscal Year-to-Date Cumulative Distributions: Similar to the current distribution, this section provides a breakdown of cumulative distributions for the fiscal year.
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Estimated vs. Actual Distributions: The amounts and sources of distributions reported in the Section 19(a) Notice are estimates and subject to change based on the fund's investment experience and tax regulations. Actual amounts for tax reporting purposes may differ.
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Return of Capital: A portion of the distribution may be a return of capital, which doesn't necessarily reflect the fund's investment performance and should not be confused with yield or income.
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Fund Performance Metrics: These metrics include the annualized distribution rate as a percentage of net asset value (NAV), cumulative distribution rate on NAV, and cumulative total return on NAV.
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Average Annual Total Return: This metric provides an average annual total return on NAV for the five-year period ending October 31, 2019.
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Market Price vs. NAV: The NAV performance may indicate the fund's investment performance, but the market price is determined by supply and demand for the fund's shares.
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Managed Distribution Plan: The fund's distribution policy is subject to modification by the Board of Trustees at any time. The distribution rate should not be considered the dividend yield or total return on an investment in the fund.
By comprehensively understanding these concepts, investors can make informed decisions regarding their investments in the Clough Global Dividend and Income Fund.
