Clough Global Equity Fund Declares Monthly Cash Distributions for October, November, and December 2020 of $0.1104 Per Share

Rhea-AI Summary

The Clough Global Equity Fund (GLQ) announced a monthly cash distribution of $0.1104 per share for October, November, and December 2020. This distribution aligns with the Fund's managed policy, set at one-twelfth of 10% of the adjusted year-ending net asset value (NAV). The distribution dates are as follows: Ex-Dates on October 19, November 19, and December 18, with corresponding Record and Payable Dates. As of September 30, 2020, the Fund's total assets were approximately $291.9 million. Note that a portion of the distribution may derive from varied sources beyond net income.

Positive

• Monthly cash distribution set at $0.1104 per share for Q4 2020, appealing for income-focused investors.
• Fund's assets total approximately $291.9 million as of September 30, 2020, indicating financial stability.

Negative

• None.

DENVER, Oct. 9, 2020 /PRNewswire/ -- Today, the Board of Trustees (the "Board") for the Clough Global Equity Fund (the "Fund") has declared a monthly cash distribution of $0.1104 per common share, payable on the dates noted below. The Fund's managed distribution policy is to set the monthly distribution rate at an amount equal to one twelfth of 10% of the Fund's adjusted year-ending 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: October 19, 2020
Record Date: October 20, 2020
Payable Date: October 30, 2020

Ex-Date: November 19, 2020
Record Date: November 20, 2020
Payable Date: November 30, 2020

Ex-Date: December 18, 2020
Record Date: December 21, 2020
Payable Date: December 31, 2020

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 September 30^th, 2020 the Fund had approximately $291.9 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 $1.8 billion in assets: $707 million in hedge fund and institutional accounts; $96 million in open-end mutual funds; and $1.0 billion in three closed-end funds (as of September 30, 2020) – 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.

Clough Global Equity Fund (NYSE MKT: GLQ)
1290 Broadway, Suite 1000
Denver, CO 80203                                                                         
Contact: Fund Services Group at 877-256-8445

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SOURCE Clough Global Equity Fund

FAQ

What is the distribution amount for Clough Global Equity Fund (GLQ) for Q4 2020?

The Clough Global Equity Fund (GLQ) has declared a monthly cash distribution of $0.1104 per share for October, November, and December 2020.

What are the key dates for the Clough Global Equity Fund (GLQ) distribution?

The Ex-Dates are October 19, November 19, and December 18, 2020; Record Dates are October 20, November 20, and December 21, 2020; Payable Dates are October 30, November 30, and December 31, 2020.

How much total assets does the Clough Global Equity Fund (GLQ) have?

As of September 30, 2020, the Clough Global Equity Fund (GLQ) had approximately $291.9 million in total assets.

What is the managed distribution policy of Clough Global Equity Fund (GLQ)?

The managed distribution policy aims to set the monthly distribution at one-twelfth of 10% of the Fund's adjusted year-ending net asset value per share.

Can the distributions from Clough Global Equity Fund (GLQ) come from sources other than net income?

Yes, a portion of the distribution may be paid from sources other than net income, such as capital gains and return of capital.