other
confidence high
sentiment neutral
materiality 0.45
Clough Global Dividend & Income Fund renews share repurchase program for up to 5% of shares through June 2025
Clough Global Dividend & Income Fund
- Clough Global Dividend & Income Fund (GLV) and two affiliated funds renewed share repurchase program, allowing repurchase of up to 5% of outstanding common shares through June 30, 2025.
- Since program commencement in June 2023, GLV repurchased 255,600 shares; GLQ repurchased 341,800; GLO repurchased 733,800.
- Program aims to enhance shareholder value by purchasing shares when trading at a discount to net asset value per share.
- Repurchase timing and amounts at discretion of Clough Capital, subject to market conditions and exchange requirements; no assurance of specific discount levels.