DENVER, July 10, 2020 /PRNewswire/ -- Today, the
Board of Trustees (the "Board") for the Clough Global Equity Fund
(the "Fund") has declared a monthly cash distribution of
$0.1104 per common share, payable on
the dates noted below. The Fund's managed distribution policy is to
set the monthly distribution rate at an amount equal to one twelfth
of 10% of the Fund's adjusted year-ending net asset value per share
("NAV"), which will be the average of the NAVs as of the last five
business days of the prior calendar year.
The following dates apply to the distributions declared:
Ex-Date: July 20, 2020
Record Date: July 21, 2020
Payable Date: July 31, 2020
Ex-Date: August 20, 2020
Record Date: August 21, 2020
Payable Date: August 31, 2020
Ex-Date: September 17, 2020
Record Date: September 18, 2020
Payable Date: September 30, 2020
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 June
30th, 2020 the Fund had approximately
$275.3 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 $1.7
billion in assets: $665
million in hedge fund and institutional accounts;
$85 million in open-end mutual funds;
and $975 million in three closed-end
funds (as of June 30, 2020) – 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.
Clough Global Equity Fund (NYSE MKT: GLQ)
1290
Broadway, Suite 1000
Denver, CO 80203
Contact: Fund Services Group at 877-256-8445
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SOURCE Clough Global Equity Fund
