CLOUGH GLOBAL EQUITY FUND DECLARES MONTHLY CASH DISTRIBUTIONS FOR APRIL, MAY AND JUNE 2022 OF $0.1162 PER SHARE

Rhea-AI Summary

The Clough Global Equity Fund (GLQ) has announced a monthly cash distribution of $0.1162 per share for April, May, and June 2022. This distribution is part of the Fund's managed distribution policy, which aims to pay out an amount equal to one twelfth of 10% of the adjusted year-end net asset value (NAV) per share. The ex-dates for these distributions are April 18, May 19, and June 16, with payable dates following shortly after. As of March 31, 2022, the Fund's total assets were approximately $416.5 million.

Positive

• Monthly cash distribution of $0.1162 per share reflects a stable return for investors.
• Fund manages approximately $416.5 million in total assets, indicating solid financial backing.

Negative

• None.

DENVER, April 8, 2022 /PRNewswire/ -- Today, the Board of Trustees (the "Board") for the Clough Global Equity Fund (the "Fund") has declared a monthly cash distribution of $0.1162 per common share, payable on the dates noted below. The Fund's managed distribution policy is set the monthly distribution rate at an amount equal to one twelfth of 10% of the Fund's adjusted year-end net asset value per share ("NAV"), which will be the average of the NAVs as of the last five business days of the prior calendar year.

The following dates apply to the distributions declared:

Ex-Date: April 18, 2022 
Record Date: April 19, 2022 
Payable Date: April 29, 2022

Ex-Date: May 19, 2022 
Record Date: May 20, 2022 
Payable Date: May 31, 2022

Ex-Date: June 16, 2022
Record Date: June 17, 2022 
Payable Date: June 30, 2022

A portion of the distribution may be treated as paid from sources other than net income, including but not limited to short-term capital gain, long-term capital gain and return of capital. The final determination of the source of all distributions, including the percentage of qualified dividend income, will be made after year-end.

The Clough Global Equity Fund 
The Fund is a closed-end fund utilizing Clough Capital's research-driven, thematic process, with an investment objective of providing a high level of total return. Having a global, flexible mandate, the Fund will invest at least 80% in equity and equity-related securities in both U.S. and non-U.S. markets, and the remainder in fixed income securities, including corporate and sovereign debt, in both U.S. and non-U.S. markets . The Fund's portfolio managers are Chuck Clough and Rob Zdunczyk. As of March 31^st, 2022 the Fund had approximately $416.5 million in total assets. More information, including the Fund's dividend reinvestment plan, can be found at www.cloughglobal.com or call 877-256-8445.

Clough Capital Partners L.P. 
Clough Capital is a Boston-based investment advisory firm which manages approximately $2.1 billion in assets: $700 million in hedge fund and institutional accounts; $73 million in open-end mutual funds; and $1.4 billion in three closed-end funds (as of March 31, 2022) – Clough Global Dividend and Income Fund (GLV), Clough Global Equity Fund (GLQ), and Clough Global Opportunities Fund (GLO).

An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain an annual report or semi-annual report which contains this and other information visit www.cloughglobal.com or call 877-256-8445. Read the prospectus carefully before investing.

The Clough Global Equity Fund is a closed-end fund and closed-end funds do not continuously issue shares for sale as open-end mutual funds do. Since the initial public offering, the Fund now trades in the secondary market. Investors wishing to buy or sell shares need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market's value.          

Forward-looking statements are based on information that is available on the date hereof, and neither the fund manager nor any other person affiliated with the fund manager has any duty to update any forward-looking statements. Important factors that could affect actual results to differ from these statements include, among other factors, material, negative changes to the asset class and the actual composition of the portfolio.       

ALPS Portfolio Solutions Distributor, Inc, FINRA Member Firm.

CLO001859 1/9/2024

Clough Global Equity Fund (NYSE MKT: GLQ) 
1290 Broadway, Suite 1000 
Denver, CO 80203     

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SOURCE SS&C / Clough CEF; Clough Global Dividend and Income Fund; Clough Global Equity Fund; Clough Global Opportunities Fund

FAQ

What is the distribution amount for Clough Global Equity Fund (GLQ) in April 2022?

The distribution amount for Clough Global Equity Fund (GLQ) in April 2022 is $0.1162 per share.

What are the ex-dates for GLQ distributions in 2022?

The ex-dates for GLQ distributions in 2022 are April 18, May 19, and June 16.

When will the distributions for Clough Global Equity Fund (GLQ) be payable?

The payable dates for the distributions are April 29, May 31, and June 30, 2022.

What percentage of NAV does the Clough Global Equity Fund (GLQ) distribution represent?

The distribution represents one twelfth of 10% of the Fund's adjusted year-end net asset value (NAV).

What is the total asset value of the Clough Global Equity Fund (GLQ) as of March 31, 2022?

As of March 31, 2022, the total asset value of the Clough Global Equity Fund (GLQ) was approximately $416.5 million.