Clough Global Equity Fund Declares Monthly Cash Distributions for July, August and September 2024 of $0.0603 Per Share

Rhea-AI Summary

The Clough Global Equity Fund announced monthly cash distributions of $0.0603 per share for July, August, and September 2024. The distribution dates are as follows: Ex-Date and Record Date on July 19, 2024, payable on July 31, 2024; Ex-Date and Record Date on August 16, 2024, payable on August 30, 2024; and Ex-Date and Record Date on September 17, 2024, payable on September 30, 2024. These distributions amount to one-twelfth of 10% of the Fund's adjusted year-end net asset value per share.

The Fund, managed by Clough Capital Partners, invests at least 80% in equity and equity-related securities globally and the remainder in fixed income securities. As of June 30, 2024, the Fund's total assets were approximately $229.9 million.

Clough Capital Partners manages around $1.3 billion in assets across hedge funds, institutional accounts, exchange-traded funds, and closed-end funds. Potential investors are advised to review the Fund's prospectus for detailed investment objectives, risks, charges, and expenses.

Positive

• Declared monthly cash distributions of $0.0603 per share for July, August, and September 2024.
• Total assets of the Fund as of June 30, 2024, were approximately $229.9 million.

Negative

• A portion of the distribution may be paid from sources other than net income, such as short-term capital gains, long-term capital gains, and return of capital.

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DENVER, CO / ACCESSWIRE / July 9, 2024 / Today, the Board of Trustees (the "Board") for the Clough Global Equity Fund (the "Fund") has declared a monthly cash distribution of $0.0603 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-end 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 19, 2024
Record Date: July 19, 2024
Payable Date: July 31, 2024

Ex-Date: August 16, 2024
Record Date: August 16, 2024
Payable Date: August 30, 2024

Ex-Date: September 17, 2024
Record Date: September 17, 2024
Payable Date: September 30, 2024

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 Partners L.P.'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 Bill Whelan. As of June 30, 2024, the Fund had approximately $229.9 million in total assets. More information, including the Fund's dividend reinvestment plan, can be found at www.cloughcefs.com or call 1-855-425-6844.

Clough Capital Partners L.P.*

Clough Capital Partners L.P. is a Boston-based investment advisory firm which manages approximately $1.3 billion in assets: $519 million in hedge fund and institutional accounts, $50 million in exchange-traded funds, and $767 million in three closed-end funds (as of June 30, 2024) - 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.cloughcefs.com or call 1-855-425-6844. 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.

*These are preliminary estimates and are not reflective of finalized calculations.

SOURCE: Clough Global Equity Fund | GLQ

View the original press release on accesswire.com

FAQ

What monthly distribution has the Clough Global Equity Fund declared for July, August, and September 2024?

The Clough Global Equity Fund has declared a monthly distribution of $0.0603 per share for July, August, and September 2024.

When are the payable dates for Clough Global Equity Fund's monthly distributions in July, August, and September 2024?

The payable dates for the distributions are July 31, 2024, August 30, 2024, and September 30, 2024, respectively.

How is the monthly distribution rate for Clough Global Equity Fund determined?

The monthly distribution rate is set at one-twelfth of 10% of the Fund's adjusted year-end net asset value per share.

What is the investment strategy of the Clough Global Equity Fund?

The Fund invests at least 80% in equity and equity-related securities globally and the remaining in fixed income securities.

What were the total assets of the Clough Global Equity Fund as of June 30, 2024?

As of June 30, 2024, the Fund's total assets were approximately $229.9 million.

What portion of the Clough Global Equity Fund's distribution may come from sources other than net income?

A portion of the distribution may come from short-term capital gains, long-term capital gains, and return of capital.