Welcome to our dedicated page for Clough Global Equity news (Ticker: GLQ), a resource for investors and traders seeking the latest updates and insights on Clough Global Equity stock.
Clough Global Equity Fund (GLQ) is a closed-end fund listed on the NYSE American with an investment objective of providing a high level of total return. Its public communications describe a global, flexible mandate, investing primarily in equity and equity-related securities in both U.S. and non-U.S. markets, with the remainder in fixed-income securities, including corporate and sovereign debt.
The GLQ news feed highlights the types of developments that matter to shareholders and prospective investors in a closed-end fund structure. Regular press releases cover monthly and quarterly distribution declarations under the fund’s managed distribution policy, which is based on a percentage of adjusted year-end net asset value. These announcements often explain how the policy works and note that distributions may include income, capital gains, or return of capital.
News items also include updates on share repurchase programs authorized by the fund’s Board of Trustees, detailing the percentage of outstanding shares that may be repurchased and the purpose of these programs. Capital-raising actions, such as rights offerings, are reported with information on subscription terms and the number of new shares issued.
In addition, Clough Capital Partners L.P. periodically announces market update conference calls that feature Clough Global Equity Fund alongside related closed-end funds. These calls are described as opportunities for the adviser’s investment team to discuss market conditions and fund-related topics. By following GLQ news, readers can monitor distribution policies, capital management actions, and other fund-level events that shape the experience of shareholders in this global equity and fixed-income strategy.
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The Clough Global Equity Fund (GLQ) has declared a monthly cash distribution of $0.1341 per common share, effective for October, November, and December 2021. This distribution aligns with the Fund's managed policy of setting monthly rates at one twelfth of 10% of the adjusted year-ending net asset value per share. Key dates include: Ex-Dates on October 19, November 18, and December 20, with payable dates following shortly after. As of September 30, 2021, the Fund's total assets are approximately $434.5 million.
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The Clough Global Equity Fund has declared a monthly cash distribution of $0.1341 per common share for July, August, and September 2021. This is part of the Fund's managed distribution policy, which aims to maintain a monthly rate of one-twelfth of 10% of the adjusted year-ending net asset value (NAV) per share. The announcement includes the ex-dates, record dates, and payable dates for these distributions. As of June 30, 2021, the Fund's total assets were approximately $439.9 million.
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The Clough Global Equity Fund has successfully completed its rights offering, issuing 4,410,276 new common shares, equating to one-third of the total outstanding shares prior to the offering. This offering closed on June 22, 2021, with a subscription price of $13.56 per share based on 85% of the reported net asset value on the closing date. The Fund aims to invest the additional capital in strategically identified global market sectors to enhance total returns for its shareholders. As of May 31, 2021, the Fund managed approximately $367 million in total assets.
The Clough Global Equity Fund has successfully completed its rights offering, closing on June 22, 2021. The Fund plans to issue 4,410,276 new common shares on June 30, 2021, representing one-third of the outstanding shares before the offering. The subscription price is set at $13.56 per share, which is 85% of the net asset value on the expiration date. CEO Mike Hearle expressed confidence in using the new capital for strategic investments, while Chairman Chuck Clough emphasized the ability to invest in timely sectors without compromising core holdings.
Clough Capital Partners L.P. is hosting a market update conference call for the Clough Global Dividend and Income Fund (GLV), Clough Global Equity Fund (GLQ), and Clough Global Opportunities Fund (GLO) on June 10, 2021, at 2:30 PM EDT. The call will be led by Chairman Chuck Clough and Rob Zdunczyk, Head of Fixed Income. Each fund is currently offering a one-for-three transferable rights offering under their SEC registration. As of May 31, 2021, GLV had $166 million, GLQ had $367 million, and GLO had $720 million in assets.
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