Clough Global Equity Fund Declares Monthly Cash Distributions For July, August, And September 2021 Of $0.1341 Per Share

Rhea-AI Summary

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.

Positive

• Monthly cash distribution of $0.1341 per share for three consecutive months.
• Utilizes a managed distribution policy, providing consistency for investors.
• Total assets of approximately $439.9 million as of June 30, 2021.

Negative

• None.

DENVER, July 9, 2021 /PRNewswire/ -- Today, the Board of Trustees (the "Board") for the Clough Global Equity Fund (the "Fund") has declared a monthly cash distribution of $0.1341 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: July 19, 2021
Record Date: July 20, 2021
Payable Date: July 30, 2021

Ex-Date: August 19, 2021
Record Date: August 20, 2021
Payable Date: August 31, 2021

Ex-Date: September 20, 2021
Record Date: September 21, 2021
Payable Date: September 30, 2021

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 Partner L.P.'s ("Clough Capital") 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 June 30^th, 2021 the Fund had approximately $439.9 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 $2.4 billion in assets: $818 million in hedge fund and institutional accounts; $120 million in open-end mutual funds; and $1.5 billion in three closed-end funds (as of March 31, 2021) – 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 them 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 cash distribution amount for the Clough Global Equity Fund (GLQ)?

The Clough Global Equity Fund has declared a cash distribution of $0.1341 per share.

When are the payable dates for the cash distributions of GLQ?

The payable dates for the distributions are July 30, August 31, and September 30, 2021.

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

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

What were the total assets of the Clough Global Equity Fund (GLQ) as of June 30, 2021?

As of June 30, 2021, the Clough Global Equity Fund had approximately $439.9 million in total assets.