Clough Global Equity Fund Section 19(a) Notice

Rhea-AI Summary

Clough Global Equity Fund (NYSE American: GLQ) paid a monthly distribution of $0.0729 per common share on March 31, 2026, to shareholders of record March 18, 2026. The Fund estimates this distribution and fiscal year-to-date distributions are 100% return of capital (per share: $0.0729 current; $0.34870 YTD).

Based on NAV as of Feb 28, 2026, the annualized distribution rate is 9.38%, cumulative distribution rate 3.74%, cumulative fiscal YTD total return 7.87%, and 5-year annualized NAV return 0.78%. Amounts are estimates and not for tax reporting.

Positive

• Monthly distribution paid of $0.0729 per share
• Fiscal YTD distributions total $0.34870 per share
• Annualized distribution rate of 9.38% on NAV

Negative

• 100% return of capital for current distribution, not income
• Return of capital may reduce cost basis and affect taxes
• 5-year annualized NAV return is low at 0.78%

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940

DENVER,CO / ACCESS Newswire / March 31, 2026 / On March 31, 2026, the Clough Global Equity Fund (NYSE American:GLQ) (the "Fund"), a closed-end fund, paid a monthly distribution on its common stock of $0.0729 per share to shareholders of record at the close of business on March 18, 2026.

The following table sets forth the estimated amount of the sources of distribution for purposes of Section 19 of the Investment Company Act of 1940, as amended, and the related rules adopted thereunder. The Fund estimates the following percentages, of the total distribution amount per share, attributable to (i) current and prior fiscal year net investment income, (ii) net realized short-term capital gain, (iii) net realized long-term capital gain and (iv) return of capital or other capital source as a percentage of the total distribution amount. These percentages are disclosed for the current distribution as well as the fiscal year-to-date cumulative distribution amount per share for the Fund.

Current Distribution from:
		Per Share ($)				%
Net Investment Income			0.00000				0.00	%
Net Realized Short-Term Capital Gain			0.00000				0.00	%
Net Realized Long-Term Capital Gain			0.00000				0.00	%
Return of Capital or other Capital Source			0.07290				100.00	%
Total (per common share)			0.07290				100.00	%
Fiscal Year-to-Date Cumulative Distributions from:
		Per Share ($)				%
Net Investment Income			0.00000				0.00	%
Net Realized Short-Term Capital Gain			0.00000				0.00	%
Net Realized Long-Term Capital Gain			0.00000				0.00	%
Return of Capital or other Capital Source			0.34870				100.00	%
Total (per common share)			0.34870				100.00	%

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and not for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income.'

Presented below are return figures, based on the change in the Fund's Net Asset Value per share ("NAV"), compared to the annualized distribution rate for this current distribution as a percentage of the NAV on the last business day of the month prior to distribution record date.

Fund Performance & Distribution Information

Fiscal Year to Date (11/1/2025 through 2/28/2026)
Annualized Distribution Rate as a Percentage of NAV^		9.38	%
Cumulative Distribution Rate on NAV^+		3.74	%
Cumulative Total Return on NAV*		7.87	%
Average Annual Total Return on NAV for the 5-Year Period Ending 2/28/2026**		0.78	%

Past performance is not indicative of future results.

^ Based on the Fund's NAV as of February 28, 2026.

⁺Cumulative distribution rate is based on distributions paid to date for the period November 1, 2025 through March 31, 2026.

*Cumulative fiscal year-to-date return is based on the change in NAV including distributions paid and assuming reinvestment of these distributions for the period November 1, 2025 through February 28, 2026.

**The 5-year annualized total return is based on change in NAV including distributions paid and assuming reinvestment of these distributions and that all rights in the Fund's rights offering were exercised, as of the last business day of the month prior to the month of the current distribution record date.

While the NAV performance may be indicative of the Fund's investment performance, it does not measure the value of a shareholder's investment in the Fund. The value of a shareholder's investment in the Fund is determined by the Fund's market price, which is based on the supply and demand for the Fund's shares in the open market.

Shareholders should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's Managed Distribution Plan.

Furthermore, the Board of Trustees reviews the amount of any potential distribution and the income, capital gain or capital available. The Board of Trustees will continue to monitor the Fund's distribution level, taking into consideration the Fund's net asset value and the financial market environment. The Fund's distribution policy is subject to modification by the Board of Trustees at any time. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.

Contact Info:

Website: https://www.cloughcapital.com/cefs/glq/

Email: cloughclientinquiries@paralel.com

SOURCE: Clough Global Equity Fund | GLQ

View the original press release on ACCESS Newswire

FAQ

What did GLQ announce about the March 31, 2026 distribution?

It paid a monthly distribution of $0.0729 per share on March 31, 2026. According to Clough Global Equity Fund, the Fund estimates the distribution is 100% return of capital rather than net investment income or capital gains.

How much of the GLQ March 31, 2026 distribution is return of capital?

The Fund estimates 100% of the March 31, 2026 distribution is return of capital. According to Clough Global Equity Fund, the per-share current distribution attributable to return of capital is $0.0729.

What are the fiscal year-to-date distributions per share for GLQ as of March 31, 2026?

Fiscal year-to-date distributions total $0.34870 per share through March 31, 2026. According to Clough Global Equity Fund, the Fund estimates that amount is 100% return of capital for the fiscal year-to-date period.

What NAV-based performance metrics did GLQ report through Feb 28, 2026?

GLQ reported an annualized distribution rate of 9.38% and cumulative NAV return of 7.87%. According to Clough Global Equity Fund, the 5-year annualized NAV return through Feb 28, 2026 is 0.78%.

How should shareholders treat the GLQ return of capital distribution for taxes?

A return of capital is not taxable income but may reduce your cost basis in shares. According to Clough Global Equity Fund, shareholders will receive Form 1099-DIV for final tax reporting and should consult a tax advisor.