Clough Global Equity Fund Declares a Monthly Cash Distribution of $0.1115 Per Share
DENVER–(BUSINESS WIRE)–Today, the Board of Trustees (the “Board”) for the Clough Global Equity
Fund (the “Fund”) has declared a monthly cash distribution of $0.1115
per common share. This distribution is a continuation of the “discount
management plan” (see press
release dated July 10, 2017 for more information) which includes a
10% per annum managed distribution program. The following dates apply to
the distribution declared:
Ex-Date: December 20, 2018
Record Date: December 21, 2018
Payable
Date: December 31, 2018
A portion of the distribution may be treated as paid from sources other
than net income, including but not limited to short-term capital gain,
long-term capital gain and return of capital. The final determination of
the source of all distributions, including the percentage of qualified
dividend income, will be made after year-end.
The Clough Global Equity Fund
The Fund is a closed-end fund utilizing Clough Capital’s
research-driven, thematic process, with an investment objective of
providing a high level of total return. Having a global, flexible
mandate, the Fund will invest at least 80% in equity and equity-related
securities in both U.S. and non-U.S. markets, and the remainder in fixed
income securities, including corporate and sovereign debt, in both U.S.
and non-U.S. markets . The Fund’s portfolio managers are Chuck Clough
and Rob Zdunczyk. As of November 30th, 2018 the Fund had
approximately $253.5 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 is a Boston-based investment advisory firm which manages
approximately $1.9 billion in assets: $721.6 million in hedge fund and
institutional accounts; $117 million in open-end mutual funds; and $1.1
billion in three closed-end funds (as of September 30, 2018) – Clough
Global Dividend and Income Fund (GLV), Clough Global Equity Fund (GLQ),
and Clough Global Opportunities Fund (GLO).
An investor should consider investment objectives, risks, charges and
expenses carefully before investing. To obtain an annual report or
semi-annual report which contains this and other information visit www.cloughglobal.com
or call 877-256-8445. Read the prospectus carefully before investing.
The Clough Global Equity 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
Clough Capital Partners L.P.
Ned Burke, ALPS
+1
303-623-2577
ned.burke@alpsinc.com
or
Clough
Global Equity Fund (NYSE MKT: GLQ)
Fund Services Group at
877-256-8445
