CLOUGH GLOBAL EQUITY FUND DECLARES MONTHLY CASH DISTRIBUTIONS FOR JULY, AUGUST AND SEPTEMBER 2022 OF $0.1162 PER SHARE

Rhea-AI Summary

The Clough Global Equity Fund (GLQ) has declared a monthly cash distribution of $0.1162 per share for July, August, and September 2022. This distribution aligns with the Fund’s managed policy, setting the monthly rate at one-twelfth of 10% of the adjusted year-end net asset value (NAV). Key dates include the ex-dates on July 18, August 18, and September 19, with payable dates following shortly after. As of June 30, 2022, the Fund manages approximately $358.7 million in total assets and aims for high total returns through global investments.

Positive

• Monthly cash distribution of $0.1162 per share declared for July, August, and September 2022.
• Fund manages approximately $358.7 million in total assets as of June 30, 2022.
• Investment objective focuses on providing a high level of total return.

Negative

• A portion of distributions may come from sources other than net income, potentially affecting long-term sustainability.

DENVER, July 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: July 18, 2022
Record Date: July 19, 2022
Payable Date: July 29, 2022

Ex-Date: August 18, 2022
Record Date: August 19, 2022
Payable Date: August 31, 2022

Ex-Date: September 19, 2022
Record Date: September 20, 2022
Payable Date: September 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 June 30^th, 2022 the Fund had approximately $358.7 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 is a Boston-based investment advisory firm which manages approximately $1.8 billion in assets: $594 million in hedge fund and institutional accounts; $47 million in open-end mutual funds; and $1.2 billion in three closed-end funds (as of June 30, 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.

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 monthly cash distribution amount for Clough Global Equity Fund (GLQ)?

The monthly cash distribution amount declared for Clough Global Equity Fund (GLQ) is $0.1162 per share.

What are the ex-dates for Clough Global Equity Fund distributions?

The ex-dates for Clough Global Equity Fund distributions are July 18, August 18, and September 19, 2022.

When will the distributions for GLQ be payable?

The distributions for Clough Global Equity Fund (GLQ) will be payable on July 29, August 31, and September 30, 2022.

What is the investment strategy of Clough Global Equity Fund (GLQ)?

Clough Global Equity Fund (GLQ) invests at least 80% in equity and equity-related securities, targeting high total returns.

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

As of June 30, 2022, Clough Global Equity Fund (GLQ) manages approximately $358.7 million in total assets.