Form 8-K - Current report
06 6월 2024 - 6:21AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
June
5, 2024 (June 5, 2024)
Date
of Report (Date of earliest event reported)
Clough
Global Dividend & Income Fund
(Exact
name of registrant as specified in its charter)
Delaware |
|
811-21583 |
|
20-1048784 |
(State
or other jurisdiction of incorporation) |
|
(Commission
File Number) |
|
(IRS
Employer Identification No.) |
1700
Broadway, Suite 1850, Denver, CO |
|
80290 |
(Address
of principal executive offices) |
|
(Zip Code) |
|
(855)
425-6844 |
|
(Registrant's
telephone number, including area code) |
|
|
|
|
(Former
Name or Former Address, if Changed Since Last Report) |
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐ |
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ |
Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ |
Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ |
Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item
8.01. Other Events
On
June 5, 2024, Clough Global Dividend & Income Fund, (NYSE: GLV) (the “Fund”), a closed-end fund, issued a press release
in connection with the authorization by the Fund’s Board of Trustees of the renewal of its open-market share repurchase program
pursuant to which the Fund may purchase, through June 30, 2025, up to 5% of its outstanding common shares in open-market transactions.
Details of the program can be found in the attached Exhibit 99.1 and is incorporated by reference into this Item 8.01.
Item
9.01. Financial Statements and Exhibits
(d)
Exhibits
The
following Exhibit is filed as part of this Report.
Exhibit
No. |
Description |
99.1 |
Clough
Global Dividend & Income Fund Press Release dated June 5, 2024 |
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Date: June 5, 2024 |
By: |
/s/
Christopher Moore |
|
|
|
Christopher Moore |
|
|
Secretary |
Clough
Global Dividend & Income Fund 8-K
Exhibit 99.1
CLOUGH CLOSED-END FUNDS ANNOUNCE RENEWAL OF
SHARE REPURCHASE PROGRAMS
Denver, CO - The Boards of
Trustees (the "Boards") of the following closed-end funds (the “Funds”) advised by Clough Capital Partners L.P.
(the "Advisor" or “Clough Capital”) announced today that each Fund has renewed its share repurchase program under
which it may purchase, through June 30, 2025, up to 5% of its outstanding common shares in open market transactions:
| – | Clough Global Equity
Fund (NYSE MKT: GLQ) |
| – | Clough Global Opportunities
Fund (NYSE MKT: GLO) |
| – | Clough Global Dividend
& Income Fund (NYSE MKT: GLV) |
The share repurchase programs
were originally approved in June 2023 and are designed to enhance shareholder value by permitting the Funds to purchase their shares when
trading at a discount to their net asset value per share. Charles I Clough, Jr., Chairman of the Advisor, commented "Considering
that the Funds traded at a premium as recently as September 2022, we are happy to continue the share repurchase program that we’ve
actively utilized since implementation in June 2023."
The amount and timing of repurchases
will be at the discretion of the Advisor, subject to market conditions and investment considerations. There is no assurance that the Funds
will purchase shares at any particular discount levels or in any particular amounts. Any repurchases made under these programs will be
made on a national securities exchange at the prevailing market price, subject to exchange requirements and volume, timing and other limitations
under federal securities laws. The Funds' repurchase activity will be disclosed in the annual and semi-annual reports to shareholders.
The Boards will monitor, on an ongoing basis, the share repurchase programs and continue to consider a range of strategic options to enhance
shareholder value in the long-term. Since the June 2023 commencement of the share repurchase programs, GLV, GLQ and GLO have repurchased
255,600, 341,800 and 733,800 shares, respectively.
Certain statements made on behalf of the Funds
may be considered forward-looking statements. The Funds’ actual results may differ significantly from those anticipated in any forward-looking
statements due to numerous factors, including but not limited to a decline in value in the general markets or the Funds' investments specifically.
Neither the Funds nor the Advisor undertake any responsibility to update publicly or revise any forward-looking statement.
Clough Capital Partners L.P.
Clough Capital, which serves as investment adviser
to the Funds, is a global multi-strategy alternative asset management firm founded in 1999 that manages over $1.2 billion in assets as
of March 31, 2024. Clough Capital employs fundamental research to invest in public and private markets, across various asset classes
and manage an array of strategies for its clients. More information is available at www.cloughcapital.com.
An investor should consider the investment
objectives, risks, charges and expenses carefully before investing in a Fund. To obtain a Fund’s prospectus, annual report or semi-annual
report, which contains this and other information visit www.cloughcefs.com or call (855) 425-6844.
Read them carefully before investing.
This press release is not a solicitation to
buy or sell fund shares. Each Fund is a closed-end fund, which does not continuously issue shares for sale as open-end mutual funds do.
Since the initial public offering, each 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 and often trade at a discount
to their net asset value, which can increase an investor’s risk of loss. All investments are subject to risk, including the risk
of loss.
Inquiries: (855) 425-6844 or cloughclientinquiries@paralel.com.
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