Fund Description: Clough Global Dividend and Income Fund, formerly Clough Global Allocation Fund, is a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Fund's investment objective is to provide a high level of total return. FUND STRATEGY: The Clough Global Dividend and Income 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 intends to invest in a managed mix of equity and debt securities. The Fund is flexibly managed so that, depending on the Fund's investment adviser's outlook, it sometimes will be more heavily invested in equity securities or in debt or fixed income securities. Investments in non-U.S. markets will be made primarily through liquid securities, including depositary receipts (which evidence ownership in underlying foreign securities). Investments in corporate debt may include both investment grade and non-investment grade issues. The Fund will not invest more than 20% of its total assets in securities rated, at the time of acquisition, below investment grade. Investments in sovereign debt may also include bonds issued by countries considered emerging markets. The Fund will not invest more than 20% of its total assets, at the time of acquisition, in securities of governments and companies in emerging markets. FUND MANAGEMENT: Clough Capital Partners L.P. is the investment adviser of the Fund and ALPS Mutual Funds Services, Inc. serves as administrator to the Fund.