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 $0.1162 per common share. As part of the previously announced ”discount management plan” (see press release dated July 10, 2017 for more information) the Board approved a four year managed distribution program, beginning with the August, 2017 distribution. The following dates apply to the distribution declared:
Ex-Date: August 18, 2017
Record Date: August 22, 2017
Payable
Date: August 31, 2017
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 July 31st, 2017 the Fund had approximately $250.1 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 $2.7 billion in assets: $1.0 billion in hedge fund and institutional accounts; $85 million in open-end mutual funds; and $1.6 billion in three closed-end funds (as of July 31, 2017) – Clough Global Dividend and Income Fund (GLV), Clough Global Equity Fund (GLQ), and the 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.
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