Clough Global Equity Fund Section 19(a) Notice

Rhea-AI Summary

Clough Global Equity Fund (GLQ) has announced its monthly distribution of $0.0650 per share, paid on April 30, 2025, to shareholders of record as of April 17, 2025. The distribution analysis reveals that 100% of both the current distribution and fiscal year-to-date distributions are classified as return of capital.

Key performance metrics show an annualized distribution rate of 10.88% and a cumulative distribution rate of 5.31% based on NAV. The Fund's fiscal year-to-date performance indicates a cumulative total return of -4.39% on NAV, while maintaining a 5-year average annual total return of 6.12% as of March 31, 2025.

The Fund notes that these distributions should not be confused with yield or income, as they represent estimates and may include return of capital. Shareholders are advised that the actual tax reporting amounts will be provided in Form 1099-DIV.

Positive

• 5-year annualized total return of 6.12% shows positive long-term performance
• Maintains consistent monthly distribution of $0.0650 per share

Negative

• 100% of current distribution is return of capital, not from investment income or gains
• Negative YTD return of -4.39% for fiscal year through March 2025
• Fund trading at high distribution rate of 10.88% of NAV, which may not be sustainable

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

DENVER, CO / ACCESS Newswire / April 30, 2025 / On April 30, 2025, the Clough Global Equity Fund (NYSE American:GLQ) (the "Fund"), a closed-end fund, paid a monthly distribution on its common stock of $0.0650 per share to shareholders of record at the close of business on April 17, 2025.

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 ($)				%
Net Investment Income			0.00000				0.00	%
Net Realized Short-Term Capital Gain			0.00000				0.00	%
Net Realized Long-Term Capital Gain			0.00000				0.00	%
Return of Capital or other Capital Source			0.06500				100.00	%
Total (per common share)			0.06500				100.00	%
Fiscal Year-to-Date Cumulative Distributions from:
		Per Share ($)				%
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			0.38060				100.00	%
Total (per common share)			0.38060				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 (11/1/2024 through 3/31/2025)
Annualized Distribution Rate as a Percentage of NAV^	10.88	%
Cumulative Distribution Rate on NAV^+	5.31	%
Cumulative Total Return on NAV*	-4.39	%
Average Annual Total Return on NAV for the 5-Year Period Ending 3/31/2025**	6.12	%

Past performance is not indicative of future results.

^ Based on the Fund's NAV as of March 31, 2025.

⁺ Cumulative distribution rate is based on distributions paid to date for the period November 1, 2024 through April 30, 2025.

* 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, 2024 through March 31, 2025.

** 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.cloughcefs.com/
Email: cloughclientinquiries@paralel.com

SOURCE: Clough Global Equity Fund | GLQ

View the original press release on ACCESS Newswire

FAQ

What is the Clough Global Equity Fund (GLQ) distribution amount for April 30, 2025?

The Clough Global Equity Fund (GLQ) paid a monthly distribution of $0.0650 per share on April 30, 2025, to shareholders of record as of April 17, 2025.

What is GLQ's annualized distribution rate as of March 2025?

The Clough Global Equity Fund's annualized distribution rate is 10.88% of NAV, based on the Fund's NAV as of March 31, 2025.

How has GLQ performed in fiscal year 2025?

From November 1, 2024, through March 31, 2025, GLQ showed a cumulative total return on NAV of -4.39%, with a cumulative distribution rate of 5.31% on NAV.

What is GLQ's 5-year average annual return as of March 2025?

The Clough Global Equity Fund's average annual total return on NAV for the 5-year period ending March 31, 2025, is 6.12%.

What percentage of GLQ's April 2025 distribution is return of capital?

100% of GLQ's April 2025 distribution ($0.0650 per share) is classified as return of capital or other capital source.

What is the year-to-date total distribution amount for GLQ in fiscal 2025?

The fiscal year-to-date cumulative distribution amount for GLQ is $0.38060 per share, entirely classified as return of capital or other capital source.