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Clough Global Dividend and Income Fund Announces Final Results of Rights Offering

DENVER, Aug. 29, 2019 /PRNewswire/ -- Clough Global Dividend and Income Fund (the "Fund") is pleased to announce the successful completion of its rights offering, and the final results thereof. The Fund will issue a total of 1,401,287 new common shares as a result of the rights offering which closed on August 23, 2019 (the "Expiration Date").

Clough Capital Partners Logo (PRNewsfoto/Clough Capital Partners)

The Fund received subscriptions for more than 170% of the original offering.  Accordingly, the shares issued as part of the over-subscription privilege of the rights offering will be allocated pro-rata among record date shareholders who over-subscribed based on the number of rights originally issued to them by the Fund. 

The subscription price of $10.42 per share was established on the Expiration Date based upon a formula equal to 85% of the reported net asset value on the Expiration Date.

The Clough Global Dividend and Income Fund
The Fund is a closed-end fund with an investment objective of providing a high level of total return. The Fund seeks to pursue this objective by applying a fundamental research-driven investment process and will invest in equity and equity-related securities as well as fixed income securities, including both corporate and sovereign debt, in both U.S. and non-U.S. markets. The Fund's portfolio managers are Chuck Clough and Rob Zdunczyk. As of July 31st, 2019 the Fund had approximately $145.3 million in total assets. More information, including the Fund's dividend reinvestment plan, can be found at www.cloughglobal.com or call 877-256-8445.

Clough Capital Partners L.P.
Clough Capital, a Boston-based investment advisory firm which manages approximately $1.7 billion in assets as of July 31st, 2019, serves as investment adviser to the Fund.

The Clough Global Dividend and Income Fund is a closed-end fund and closed-end funds do not continuously issue shares for sale as open-end mutual funds do. Since the initial public offering, the Fund now trades in the secondary market. Investors wishing to buy or sell shares need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market's value.

ALPS Portfolio Solutions Distributor, Inc, FINRA Member Firm.

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