CLOUGH GLOBAL EQUITY FUND DECLARES MONTHLY CASH DISTRIBUTIONS FOR APRIL, MAY AND JUNE 2023 OF $0.0599 PER SHARE

Rhea-AI Summary

The Clough Global Equity Fund (symbol: GLQ) has announced a monthly cash distribution of $0.0599 per share for April, May, and June 2023. This amount aligns with the Fund's managed distribution policy of setting monthly rates at one-twelfth of 10% of its adjusted year-end net asset value (NAV). The distribution dates are as follows:

• April 20, 2023 (Ex-Date), April 21, 2023 (Record Date), April 28, 2023 (Payable Date)
• May 18, 2023 (Ex-Date), May 19, 2023 (Record Date), May 31, 2023 (Payable Date)
• June 15, 2023 (Ex-Date), June 16, 2023 (Record Date), June 30, 2023 (Payable Date)

As of March 31, 2023, the Fund had approximately $234.7 million in total assets, investing primarily in equity securities globally.

Positive

• Monthly distribution declared at $0.0599 per share, providing predictable income.
• Fund had total assets of approximately $234.7 million as of March 31, 2023, indicating financial stability.
• Follows a systematic managed distribution policy linked to NAV, promoting transparency.

Negative

• A portion of the distribution may be treated as return of capital, which can indicate risk to sustainability.
• Dependence on market conditions could affect future NAV and distribution levels.

DENVER, April 10, 2023 /PRNewswire/ -- Today, the Board of Trustees (the "Board") for the Clough Global Equity Fund (the "Fund") has declared a monthly cash distribution of $0.0599 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-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 20, 2023
Record Date: April 21, 2023
Payable Date: April 28, 2023

Ex-Date: May 18, 2023
Record Date: May 19, 2023
Payable Date: May 31, 2023

Ex-Date: June 15, 2023
Record Date: June 16, 2023
Payable Date: June 30, 2023

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 Partners L.P.'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 Bill Whelan. As of March 31, 2023 the Fund had approximately $234.7 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 Partners L.P. is a Boston-based investment advisory firm which manages approximately $1.4 billion in assets: $552 million in hedge fund and institutional accounts; $27 million in open-end mutual funds; and $815 million in three closed-end funds (as of March 31, 2023) – 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 recent distribution declared by Clough Global Equity Fund (GLQ)?

Clough Global Equity Fund declared a monthly cash distribution of $0.0599 per share for April, May, and June 2023.

When are the payment dates for the Clough Global Equity Fund (GLQ) distributions?

The payment dates are April 28, May 31, and June 30, 2023, following the respective record dates.

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

As of March 31, 2023, Clough Global Equity Fund had approximately $234.7 million in total assets.

What investment strategy does Clough Global Equity Fund (GLQ) follow?

The Fund focuses on providing a high level of total return by investing at least 80% in equity and equity-related securities globally.

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

It stipulates monthly distributions equal to one-twelfth of 10% of the Fund's adjusted NAV, enhancing transparency.