8-K
filed April 19, 2023, 7:59 PM ET
ticker GLV
CIK 0001288795
other material
confidence high
sentiment neutral
materiality 0.30
Clough Global Dividend & Income Fund replaces administrator, appoints new officers, changes address
Clough Global Dividend & Income Fund
- Effective April 17, 2023, Fund terminated ALPS administration agreement and entered new agreement with Paralel Technologies LLC.
- New administration fee structure; Paralel pays routine operating expenses from its fee, similar to prior arrangement.
- Fund appointed Jeremy May (President), Jill Kerschen (Treasurer), Christopher Moore (Secretary), and Bradley Swenson (CCO), all Paralel employees.
- Prior officers Lainey Ejiasa, Ryan Johanson, Nicholas Adams, and Lucas Foss resigned in connection with the change.
- Fund's principal address changed to 1700 Broadway, Suite 1850, Denver, CO 80290; phone number unchanged.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jill Kerschen was appointed as Treasurer at Clough Global Dividend & Income Fund.
- Action
- appointed
- Role
- Treasurer
Exact text from the filing
The Board of Trustees have appointed Jeremy May, Jill Kerschen, Christopher Moore, and Bradley Swenson to serve as the Fund’s President, Treasurer, Secretary, and Chief Compliance Officer, respectively, each effective as of April 17, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Nicholas Adams resigned as Secretary at Clough Global Dividend & Income Fund.
- Action
- resigned
- Role
- Secretary
Exact text from the filing
The Paralel officer appointments were made in connection with the resignations of Lainey Ejiasa, Ryan Johanson, Nicholas Adams, and Lucas Foss, the Fund’s prior President, Treasurer, Secretary, and Chief Compliance Officer, respectively, that were tendered in connection to the termination of ALPS as the Fund’s administrator, as described in Item 1.01 and Item 1.02 above.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Lucas Foss resigned as Chief Compliance Officer at Clough Global Dividend & Income Fund.
- Action
- resigned
- Role
- Chief Compliance Officer
Exact text from the filing
The Paralel officer appointments were made in connection with the resignations of Lainey Ejiasa, Ryan Johanson, Nicholas Adams, and Lucas Foss, the Fund’s prior President, Treasurer, Secretary, and Chief Compliance Officer, respectively, that were tendered in connection to the termination of ALPS as the Fund’s administrator, as described in Item 1.01 and Item 1.02 above.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ryan Johanson resigned as Treasurer at Clough Global Dividend & Income Fund.
- Action
- resigned
- Role
- Treasurer
Exact text from the filing
The Paralel officer appointments were made in connection with the resignations of Lainey Ejiasa, Ryan Johanson, Nicholas Adams, and Lucas Foss, the Fund’s prior President, Treasurer, Secretary, and Chief Compliance Officer, respectively, that were tendered in connection to the termination of ALPS as the Fund’s administrator, as described in Item 1.01 and Item 1.02 above.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Bradley Swenson was appointed as Chief Compliance Officer at Clough Global Dividend & Income Fund.
- Action
- appointed
- Role
- Chief Compliance Officer
Exact text from the filing
The Board of Trustees have appointed Jeremy May, Jill Kerschen, Christopher Moore, and Bradley Swenson to serve as the Fund’s President, Treasurer, Secretary, and Chief Compliance Officer, respectively, each effective as of April 17, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Lainey Ejiasa resigned as President at Clough Global Dividend & Income Fund.
- Action
- resigned
- Role
- President
Exact text from the filing
The Paralel officer appointments were made in connection with the resignations of Lainey Ejiasa, Ryan Johanson, Nicholas Adams, and Lucas Foss, the Fund’s prior President, Treasurer, Secretary, and Chief Compliance Officer, respectively, that were tendered in connection to the termination of ALPS as the Fund’s administrator, as described in Item 1.01 and Item 1.02 above.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jeremy May was appointed as President at Clough Global Dividend & Income Fund.
- Action
- appointed
- Role
- President
Exact text from the filing
The Board of Trustees have appointed Jeremy May, Jill Kerschen, Christopher Moore, and Bradley Swenson to serve as the Fund’s President, Treasurer, Secretary, and Chief Compliance Officer, respectively, each effective as of April 17, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Christopher Moore was appointed as Secretary at Clough Global Dividend & Income Fund.
- Action
- appointed
- Role
- Secretary
Exact text from the filing
The Board of Trustees have appointed Jeremy May, Jill Kerschen, Christopher Moore, and Bradley Swenson to serve as the Fund’s President, Treasurer, Secretary, and Chief Compliance Officer, respectively, each effective as of April 17, 2023.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Clough Global Dividend & Income Fund entered into Paralel Administration and Accounting Agreement with Paralel Technologies LLC valued at Paralel to serve as administrator, provide fund accounting, tax, administration, compliance, executi (effective 2023-04-17).
- Action
- entry
- Counterparty
- Paralel Technologies LLC
- Value
- Paralel to serve as administrator, provide fund accounting, tax, administration, compliance, executi
- Effective
- 2023-04-17
Exact text from the filing
Clough Global Dividend & Income Fund (the “Fund”) has entered into a new administration and fund accounting agreement (the “Paralel Agreement”) with Paralel Technologies LLC (“Paralel”) pursuant to which Paralel began serving as the Fund’s administrator effective April 17, 2023.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Clough Global Dividend & Income Fund terminated ALPS Administration Agreement with ALPS Fund Services, Inc. valued at ALPS Administration Agreement and certain related agreements with ALPS and ALPS Distributors, Inc. t (effective 2023-04-17).
- Action
- termination
- Counterparty
- ALPS Fund Services, Inc.
- Value
- ALPS Administration Agreement and certain related agreements with ALPS and ALPS Distributors, Inc. t
- Effective
- 2023-04-17
Exact text from the filing
the Fund’s prior administration and fund accounting agreement with ALPS (the “ALPS Administration Agreement”) and certain related agreements with ALPS and ALPS Distributors, Inc. (“ADI”) were terminated effective that same day.
View on SEC.gov
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