DENVER–(BUSINESS WIRE)–Clough Global Opportunities Fund (the “Fund”) announced that a
preliminary registration statement will be filed with the Securities and
Exchange Commission (“SEC”) relating to the offering of additional
common shares of the Fund pursuant to a rights offering. The Fund will
be issuing transferable subscription rights (“Rights”) to its common
shareholders on a record date to be set by the Fund’s Board of Trustees
(the “Record Date” and such shareholders, “Record Date Shareholders”)
who will be allowed to subscribe for new common shares of the Fund (the
“Primary Subscription”). Record Date Shareholders will receive one Right
for each common share held on the Record Date. For every five Rights
held, a holder of Rights may buy one new common share of the Fund.
Record Date Shareholders who fully exercise all Rights initially issued
to them in the Primary Subscription will be entitled to buy those common
shares that are not purchased by other holders of Rights.
The rights offering is subject to the effectiveness of the Fund’s
Registration Statement to be filed with the SEC and will be made only by
means of a prospectus.
A final Registration Statement relating to the securities has not been
filed with the SEC as of the date of this release. These securities may
not be sold nor may offers to purchase be accepted prior to the time the
Registration Statement becomes effective with the SEC.
This press release shall not constitute an offer to sell or constitute a
solicitation of an offer to buy. Investors should read the prospectus,
when available, and consider the investment objective, risks, fees and
expenses of the Fund carefully before investing. To obtain a copy of the
prospectus, annual report or semi-annual report which contains this and
other information about the Fund visit www.cloughglobal.com
or call 877-256-8445. Read them carefully before investing.
The Clough Global Opportunities Fund
The Fund is a closed-end fund with an investment objective of providing
a high level of total return. The Fund seeks to achieve 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. Utilizing
Clough Capital’s global research capabilities, the Fund will invest in
both U.S. and non-U.S. markets. The Fund’s portfolio managers are Chuck
Clough and Rob Zdunczyk. As of April 30th, 2019 the Fund had
approximately $595.4 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, serves as investment adviser to
the Fund.
The Clough Global Opportunities 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.
Forward-looking statements are based on information that is available
on the date hereof, and neither the fund manager nor any other person
affiliated with the fund manager has any duty to update any
forward-looking statements. Important factors that could affect actual
results to differ from these statements include, among other factors,
material, negative changes to the asset class and the actual composition
of the portfolio.
ALPS Portfolio Solutions Distributor, Inc, FINRA Member Firm.
Contacts
Jeremy Held, ALPS
+1 (303) 623 2577
[email protected]
Clough
Global Opportunities Fund (NYSE MKT: GLO)
Fund Services Group,
877-256-8445
