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) announced a transferable rights offering set to commence on May 27, 2021, and expire on June 22, 2021. Shareholders of record by May 25, 2021, will receive one right for each share held, allowing them to subscribe for a new share at a calculated subscription price based on market value. Rights trading begins on May 28, 2021, enabling non-participating shareholders to sell their rights. The offering is part of the fund's strategy to provide high returns through global equity investments, which includes 80% in equities and related securities.
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On April 9, 2021, the Clough Global Equity Fund (GLQ) Board declared a monthly cash distribution of $0.1341 per common share for April, May, and June 2021. The distribution aligns with the Fund's managed policy, calculated as one-twelfth of 10% of the adjusted year-end net asset value (NAV). Key dates include the ex-dates of April 19, May 19, and June 18, 2021. As of March 31, 2021, the Fund's total assets were approximately $368.6 million. The Fund seeks a high total return, investing primarily in global equity and equity-related securities.
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The Clough Global Equity Fund (GLQ) has announced a monthly cash distribution of $0.1341 per common share, marking a 22% increase from the previous amount. This adjustment aligns with the Fund's managed distribution policy, set at one-twelfth of 10% of the Fund's adjusted year-ending net asset value (NAV). The distribution is scheduled for January, February, and March of 2021, with specific ex-dates, record dates, and payable dates provided. As of December 31, 2020, the Fund had approximately $334.2 million in total assets.
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