Clough Global Equity Fund Section 19(a) Notice

Rhea-AI Summary

Clough Global Equity Fund (NYSE American: GLQ) paid a monthly common-stock distribution of $0.0650 per share on October 31, 2025 to holders of record as of October 17, 2025. The Fund estimates the current distribution is 100% return of capital and that fiscal year-to-date cumulative distributions total $0.77060 per share, also shown as 100% return of capital.

Performance metrics through September 30, 2025: annualized distribution rate 8.89% NAV, cumulative distribution rate 8.79% NAV, fiscal YTD total return on NAV 23.53%, and 5-year annualized NAV return 4.19%. Amounts are estimates and not final for tax reporting; shareholders will receive Form 1099-DIV.

Positive

• Monthly distribution of $0.0650 per common share paid Oct 31, 2025
• Annualized distribution rate of 8.89% based on NAV as of Sep 30, 2025
• Fiscal YTD cumulative total return on NAV of 23.53% through Sep 30, 2025

Negative

• Current distribution is estimated as 100% return of capital, not income
• Fiscal YTD distributions of $0.77060 per share are shown as 100% return of capital
• Return of capital distributions can erode NAV and do not necessarily reflect investment performance

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

DENVER, CO / ACCESS Newswire / October 31, 2025 / On October 31, 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 October 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			0.77060				100.00	%
Total (per common share)			0.77060				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 June 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 June 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 9/30/2025)
Annualized Distribution Rate as a Percentage of NAV^			8.89	%
Cumulative Distribution Rate on NAV^+			8.79	%
Cumulative Total Return on NAV*			23.53	%
Average Annual Total Return on NAV for the 5-Year Period Ending 9/30/2025**			4.19	%

Past performance is not indicative of future results.

^ Based on the Fund's NAV as of September 30, 2025.

⁺Cumulative distribution rate is based on distributions paid to date for the period November 1, 2024 through
October 31, 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 September 30, 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 June 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

When did Clough Global Equity Fund (GLQ) pay the October 2025 distribution and who was the record date?

The Fund paid $0.0650 per share on October 31, 2025 to shareholders of record at the close of business on October 17, 2025.

What portion of the GLQ October 2025 distribution was return of capital?

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

How much has GLQ distributed fiscal year-to-date through Oct 31, 2025 and what is the source?

Fiscal year-to-date cumulative distributions total $0.77060 per share, which the Fund estimates as 100% return of capital.

What is GLQ’s annualized distribution rate and cumulative distribution rate on NAV as of Sep 30, 2025?

The Fund reports an annualized distribution rate of 8.89% NAV and a cumulative distribution rate of 8.79% NAV for the period shown.

Will GLQ shareholders receive tax forms for the October 2025 distribution?

Yes. The Fund will send a Form 1099-DIV for the calendar year showing the final tax characterization of distributions.

How can a return of capital distribution affect my GLQ investment?

A return of capital reduces NAV and represents a return of invested principal rather than income, and it does not necessarily reflect fund performance.