# Clough Global Dividend & Income Fund Clough Global Dividend & Income Fund is an Asset Manager based in Denver, United States. ## Overview - **Organization type:** Asset Manager - **Headquarters:** Denver, United States - **Region:** North America - **Address:** Denver, CO, United States - **Founded:** 2004 - **Assets under management:** Undisclosed - **Website:** cloughglobal.com ## Regulatory record - **Reports private funds:** No ## About The Clough Global Dividend & Income Fund (GLV) began trading in 2004 under the sponsorship of Clough Capital Partners, the Denver- and Boston-based asset management firm founded by Charles Clough and Edmund Burke in 2000. Clough had spent 13 years at Merrill Lynch, finishing as chief global investment strategist, before starting the firm. GLV was structured as a closed-end fund from inception — a vehicle type Clough Capital has used consistently across its product line, employing leverage to amplify yield within a diversified multi-asset portfolio. The fund's mandate mixes U.S. and international equities, fixed-income instruments, and real estate investment trusts. Equity positions typically tilt toward large-cap dividend payers; the credit sleeve holds a blend of investment-grade and high-yield corporate bonds, bank loans, and sovereign debt. The REIT allocation introduces property-sector income. By mixing these components under a single ticker, the strategy aims to produce a steady distribution stream while offering daily liquidity to shareholders, though as a closed-end fund it trades at whatever premium or discount the market assigns. Notable portfolio holdings have historically included blue-chip names like Microsoft, Johnson & Johnson, and Procter & Gamble, alongside a rotating roster of credit positions drawn from the firm's internal fixed-income research. Clough Capital runs several similar closed-end funds, including the Clough Global Opportunities Fund and the Clough Global Equity Fund, each with slightly different mandate tilts. The firm's investment team operates primarily from Denver and Boston, drawing on bottom-up security selection combined with the macro perspective that Chuck Clough built his reputation on. In recent years, the fund has faced the same headwinds as many closed-end products: widening discounts, activist pressure from institutional holders seeking open-ending or share buybacks, and the broader shift toward ETFs as the preferred wrapper for income-oriented strategies. What distinguishes GLV from a generic balanced mutual fund is its closed-end structure. The permanent capital base allows Clough to hold less-liquid positions, run a leveraged portfolio without worrying about daily redemptions, and distribute a yield that often exceeds what an open-end fund holding the same assets could deliver. That structure, however, is a double-edged sword — the discount at which its shares trade relative to net asset value has at times exceeded 15%, creating a structural battleground between long-term income investors and activists who see the discount as an arbitrage opportunity (per Morningstar, 2023). ## Sectors - Public Equities - Fixed Income - Real Estate - Private Credit ## People - Edmund J. Burke — CEO, Clough Capital Partners - Charles I. Clough Jr. — Chairman and CIO, Clough Capital Partners ## Questions ### Who runs the investment strategy for the Clough Global Dividend & Income Fund? Charles I. Clough Jr., chairman and chief investment officer of Clough Capital Partners, oversees the firm's investment strategy alongside CEO Edmund Burke. Clough was Merrill Lynch's chief global investment strategist before co-founding Clough Capital in 2000. The firm's portfolio managers execute the day-to-day security selection under Clough's macro direction. ### How does the closed-end fund structure affect investors in GLV? As a closed-end fund, GLV trades on an exchange like a stock, meaning its share price can diverge from its net asset value. This lets Clough use leverage and hold less-liquid positions without worrying about daily investor redemptions. But the discount can hurt returns if it widens after purchase, and it has historically attracted activist investors who push for open-ending or buyback programs (per Morningstar, 2023). ### What asset classes does GLV invest in? The fund combines U.S. and international equities, fixed-income instruments across the credit spectrum, and real estate investment trusts. The equity sleeve focuses on large-cap dividend payers, the credit portion stretches from investment-grade corporate bonds to high-yield and bank loans, and the REIT allocation adds property-sector income. This multi-asset mix is designed to sustain a consistent distribution yield. ### What is the relationship between GLV and Clough Capital's other closed-end funds? Clough Capital sponsors several closed-end funds under the Clough brand, including the Clough Global Opportunities Fund and the Clough Global Equity Fund. Each has a distinct mandate tilt: the Opportunities Fund ranges more broadly across asset classes, while the Equity Fund emphasizes stock selection. GLV sits between them, balancing dividend equities with a substantial credit and REIT allocation. ## Related profiles - [Top Wealth Group Holding](https://altss.com/profile/top-wealth-group-holding-ltd) - [Namib Minerals](https://altss.com/profile/namib-minerals) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/clough-global-dividend-and-income-fund Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology