Clough Global Dividend and Income Fund
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Company profile

Clough Global Dividend and Income Fund (the Fund), formerly Clough Global Allocation Fund, is a closed-end management investment company. The Fund's investment objective is to provide a high level of total return. The Fund invests in a managed mix of equity and debt securities. The Fund will not invest more than 20% of its total assets in securities rated, at the time of acquisition, below investment grade. The Fund may invest a portion of its assets in foreign securities and exchange traded funds. The Fund may sell a security it does not own. 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. The Fund invests in various sectors, such as Consumer Discretionary, Consumer Staples, Energy, Financials, Healthcare, Industrials, Information Technology, Materials and Telecommunication Services. Clough Capital Partners L.P. is the investment advisor of the Fund.

Closing Price
$10.85
Day's Change
0.04 (0.37%)
Bid
--
Ask
--
B/A Size
--
Day's High
10.86
Day's Low
10.81
Volume
(Below Average)
Volume:
43,612

10-day average volume:
50,042
43,612

Avon Announces Closing of Senior Secured Notes Offering

1:36 pm ET July 3, 2019 (PR Newswire) Print

Avon Products, Inc. (NYSE: AVP) (the "Company" or "Avon") announced today that Avon International Capital p.l.c., Avon's wholly-owned subsidiary (the "Issuer"), completed an offering of $400,000,000 in aggregate principal amount of 6.50% senior secured notes due 2022 (the "notes").

Jan Zijderveld, CEO of Avon, said: "The strong demand for our debt offering allowed us to upsize the transaction to $400 million and extend our debt maturity profile. We believe this issuance enhances our financial flexibility and will support our Company as we make strategic investments and continue to execute our strategy to 'Open Up Avon'."

The notes were offered and sold only to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States pursuant to Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The notes will not be registered under the Securities Act, and may not be offered or sold in the United States without registration under the Securities Act or pursuant to an applicable exemption from such registration.

This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any security and does not constitute an offer, solicitation or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Forward-Looking Information

In addition to historical information, this release contains forward-looking statements that are not historical facts or information may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "estimate," "project," "forecast," "plan," "believe," "may," "expect," "anticipate," "intend," "planned," "potential," "can," "expectation," "could," "will," "would" and similar expressions, or the negative of those expressions, may identify forward-looking statements. Such forward-looking statements are based on management's reasonable current assumptions, expectations, plans and forecasts regarding the Company's and the Issuer's current or future results and future business and economic conditions more generally. Such forward-looking statements involve risks, uncertainties and other factors, which may cause the actual results, levels of activity, performance or achievement of the Company or the Issuer to be materially different from any future results expressed or implied by such forward-looking statements, and there can be no assurance that actual results will not differ materially from management's expectations. Therefore, you should not rely on any of these forward-looking statements as predictors of future events.

Additional information identifying such factors is contained in Item 1A of Avon's Annual Report on Form 10-K for the year ended December 31, 2018, Avon's Quarterly Report on Form 10-Q for the quarter ended March 31, 2019, Avon's Current Reports on Form 8-K filed on May 22, 2019 and May 24, 2019, and other reports and documents Avon files with the Securities and Exchange Commission. Avon undertakes no obligation to update any forward-looking statements.

All forward-looking statements contained in this release are qualified in their entirety by this cautionary statement. Forward-looking statements speak only as of the date they are or were made, and Avon does not intend to update or otherwise revise the forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events, except as required by law.

About Avon Products, Inc.

For 130 years Avon has stood for women: providing innovative, quality beauty products which are primarily sold to women, through women. Millions of independent Representatives across the world sell iconic Avon brands such as Avon Color and ANEW through their social networks, building their own beauty businesses on a full- or part-time basis. Avon supports women's empowerment, entrepreneurship and well-being and has donated over $1 billion to women's causes through Avon and the Avon Foundation.

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View original content:http://www.prnewswire.com/news-releases/avon-announces-closing-of-senior-secured-notes-offering-300880012.html

SOURCE Avon Products, Inc.

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