Clough Global Equity Fund Section 19(a) Notice

Rhea-AI Summary

Clough Global Equity Fund paid a monthly common-stock distribution of $0.0650 per share on November 28, 2025 to shareholders of record November 17, 2025.

The Fund estimates the current distribution and fiscal year-to-date cumulative distribution are 100% return of capital and that net investment income and net realized gains attributable to the distribution are 0.00.

Performance metrics cited: annualized distribution rate 8.72% of NAV, cumulative total return on NAV 27.09% 5-year average annual total return 5.80%. The notice warns distributions are estimates and tax reporting will be on Form 1099-DIV.

Positive

• Monthly distribution of $0.0650 per common share paid 11/28/2025
• Annualized distribution rate of 8.72% of NAV
• Cumulative total return on NAV of 27.09% for fiscal YTD

Negative

• Current distribution and fiscal YTD distributions are 100% return of capital
• Net investment income and net realized gains for the distribution are reported as 0.00

News Market Reaction

+1.76%

1 alert

+1.76% News Effect

On the day this news was published, GLQ gained 1.76%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Monthly distribution: $0.0650 per share Current distribution ROC: 100.00% FYTD cumulative distribution ROC: 100.00% +4 more

7 metrics

Monthly distribution $0.0650 per share Common stock distribution paid November 28, 2025

Current distribution ROC 100.00% Current distribution classified as return of capital

FYTD cumulative distribution ROC 100.00% Fiscal year-to-date cumulative distributions from return of capital

Annualized distribution rate 8.72% As a percentage of NAV for FYTD 11/1/2024–10/31/2025

Cumulative distribution rate on NAV 0.73% Cumulative distribution rate on NAV for FYTD period noted

Cumulative total return on NAV 27.09% Fiscal year-to-date 11/1/2024–10/31/2025

5-year annualized total return 5.80% Average annual total return on NAV for 5 years ending 10/31/2025

Market Reality Check

Price: $8.12 Vol: Volume 71,146 is 1.36x th...

normal vol

$8.12 Last Close

Volume Volume 71,146 is 1.36x the 20-day average of 52,382 shares. normal

Technical Trading above 200-day MA with price $7.70 vs 200-day MA of $7.06, near 52-week high ($7.99).

Peers on Argus

Peers show mixed moves: GGT up 2.86%, GRX up 1.24%, MSD up 0.41%, while DMO fell...

Peers show mixed moves: GGT up 2.86%, GRX up 1.24%, MSD up 0.41%, while DMO fell 0.62% and BANX fell 1.92%. GLQ’s modest 0.13% gain appears stock-specific rather than a broad sector shift.

Historical Context

5 past events · Latest: Nov 28 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Nov 28	Section 19(a) notice	Neutral	+1.8%	Details November monthly $0.0650 distribution, 100% return of capital, NAV metrics.
Oct 31	Section 19(a) notice	Neutral	+0.5%	October $0.0650 payout and YTD $0.77060 distributions, all return of capital.
Oct 07	Distribution declaration	Neutral	-1.4%	Declared $0.0650 monthly distributions for Oct–Dec 2025 under managed policy.
Sep 30	Section 19(a) notice	Neutral	-0.1%	September $0.0650 distribution classified 100% as return of capital with NAV data.
Aug 29	Section 19(a) notice	Neutral	-0.3%	August $0.0650 distribution entirely from return of capital and NAV performance.

Pattern Detected

Recent Section 19(a) notices and distribution announcements have typically led to small single-day moves, generally within about +/-2%, suggesting these payouts are largely anticipated by the market.

Recent Company History

Over the last several months, GLQ has repeatedly announced monthly distributions of $0.0650 per share, with multiple Section 19(a) notices indicating that 100% of these payouts were classified as return of capital. Performance data in prior notices showed improving fiscal year-to-date total returns on NAV and gradually rising 5-year annualized returns. The current notice continues this pattern of emphasizing return-of-capital distributions alongside NAV-based performance metrics, reinforcing the fund’s managed distribution approach.

Market Pulse Summary

This announcement details GLQ’s November monthly distribution of $0.0650 per share, noting that both...

Analysis

This announcement details GLQ’s November monthly distribution of $0.0650 per share, noting that both the current and fiscal year-to-date payouts are estimated at 100% return of capital. It also highlights an annualized distribution rate of 8.72% of NAV and a fiscal year-to-date cumulative total return on NAV of 27.09%, with a 5-year annualized NAV return of 5.80%. Investors may monitor how future Section 19(a) notices characterize income vs. capital and track ongoing NAV performance.

Key Terms

return of capital, net asset value, managed distribution plan, Form 1099-DIV, +1 more

5 terms

return of capital financial

"a portion of your distribution may be a return of capital."

Return of capital is when an investor receives money from their investment that is not considered profit or earnings but rather a portion of the original amount they invested. It’s similar to getting back part of your initial savings rather than gains from it. This matters because it can affect how much money an investor still has in the investment and may have tax implications.

net asset value financial

"based on the change in the Fund's Net Asset Value per share ("NAV"),"

Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.

managed distribution plan financial

"from the terms of the Fund's Managed Distribution Plan."

A managed distribution plan is a company’s program to pay regular, predictable cash amounts to shareholders by setting a fixed schedule and target payout, often funded from operating cash, reserves, or return of capital. Think of it like a household budget that guarantees a monthly allowance: it provides steady income for investors but can mask when distributions exceed sustainable earnings, which may reduce the company’s capital over time and affect long‑term value.

Form 1099-DIV regulatory

"The Fund will send you a Form 1099-DIV for the calendar year"

Form 1099-DIV is a U.S. tax document brokers, mutual funds and other financial institutions send to investors showing dividends and other distributions paid during the year. Investors use it like an annual receipt to report taxable income — including regular dividends, dividends that may qualify for lower tax rates, and capital gains distributions — so it directly affects tax liability and helps reconcile brokerage records with a tax return.

rights offering financial

"assuming reinvestment of these distributions and that all rights in the Fund's rights offering were exercised"

A rights offering is a way for a company to raise additional money by giving existing shareholders the opportunity to buy more shares at a discounted price before they are offered to the public. It’s similar to a special sale where current owners get the first chance to buy extra items at a lower cost, allowing them to increase their investment if they choose. This process matters to investors because it can affect the value of their holdings and their ability to buy new shares at favorable terms.

AI-generated analysis. Not financial advice.

11/28/2025 - 06:59 AM

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

DENVER, CO / ACCESS Newswire / November 28, 2025 / On November 28, 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 November 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			0.06500				100.00	%
Total (per common share)			0.06500				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 10/31/2025)
Annualized Distribution Rate as a Percentage of NAV^			8.72	%
Cumulative Distribution Rate on NAV^+			0.73	%
Cumulative Total Return on NAV*			27.09	%
Average Annual Total Return on NAV for the 5-Year Period Ending 10/31/2025**			5.80	%

Past performance is not indicative of future results.

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

⁺Cumulative distribution rate is based on distributions paid to date for the period November 1, 2025 through November 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 October 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.cloughcapital.com/cefs/glq/

Email: cloughclientinquiries@paralel.com

SOURCE: Clough Global Equity Fund | GLQ

View the original press release on ACCESS Newswire

FAQ

What amount did GLQ pay per common share on November 28, 2025?

GLQ paid a monthly distribution of $0.0650 per common share on November 28, 2025.

How much of GLQ's November 2025 distribution is return of capital?

The Fund estimates the November 2025 distribution is 100% return of capital.

What is GLQ's annualized distribution rate as a percentage of NAV for the period ending 10/31/2025?

The annualized distribution rate is reported as 8.72% of NAV based on NAV as of October 31, 2025.

What fiscal year-to-date total return did GLQ report on NAV through 10/31/2025?

The cumulative fiscal year-to-date total return on NAV is reported as 27.09%.

Will GLQ provide tax reporting for the November 2025 distribution?

Yes; the Fund will send a Form 1099-DIV for calendar-year tax reporting and cautions amounts here are estimates.

What does a return of capital distribution mean for GLQ shareholders?

A return of capital indicates part or all of the distribution represents a return of invested capital rather than income, and it does not necessarily reflect investment performance.