Clough Global Equity Fund Declares Monthly Cash Distributions for July, August and September 2024 of $0.0603 Per Share
The Clough Global Equity Fund announced monthly cash distributions of $0.0603 per share for July, August, and September 2024. The distribution dates are as follows: Ex-Date and Record Date on July 19, 2024, payable on July 31, 2024; Ex-Date and Record Date on August 16, 2024, payable on August 30, 2024; and Ex-Date and Record Date on September 17, 2024, payable on September 30, 2024. These distributions amount to one-twelfth of 10% of the Fund's adjusted year-end net asset value per share.
The Fund, managed by Clough Capital Partners, invests at least 80% in equity and equity-related securities globally and the remainder in fixed income securities. As of June 30, 2024, the Fund's total assets were approximately $229.9 million.
Clough Capital Partners manages around $1.3 billion in assets across hedge funds, institutional accounts, exchange-traded funds, and closed-end funds. Potential investors are advised to review the Fund's prospectus for detailed investment objectives, risks, charges, and expenses.
- Declared monthly cash distributions of $0.0603 per share for July, August, and September 2024.
- Total assets of the Fund as of June 30, 2024, were approximately $229.9 million.
- A portion of the distribution may be paid from sources other than net income, such as short-term capital gains, long-term capital gains, and return of capital.
Insights
The announcement of monthly cash distributions by Clough Global Equity Fund indicates a consistent income stream for investors. The defined distribution rate is set at
Given the fund's NAV-based distribution policy, the payout aligns with the Fund’s performance, which can be attractive for retail investors seeking predictable returns. However, it's worth noting that the source of distribution may include return of capital, impacting the long-term NAV and potentially diluting the investment value over time. Investors should consider this as it might affect the overall growth potential of their investment.
Additionally, the Fund's global equity strategy, investing 80% in equity and equity-related securities, offers diversification, although this exposes the Fund to market volatility across different regions. The remaining allocation in fixed income provides some stability but could be affected by interest rate changes.
An important part for investors to understand is the nature of closed-end funds, which do not issue shares continuously. Therefore, the share price can significantly diverge from the NAV based on market demand and supply, which adds another layer of risk and potential reward.
The Fund’s managed distribution policy is a key element for investors to consider, especially those seeking steady income. By adhering to a systematic payout strategy based on NAV, the Fund demonstrates a disciplined approach to managing investor expectations. The dates for the distributions are clearly laid out, which aids in financial planning for investors.
Clough Global Equity Fund’s structure allows for a diversified investment approach, spanning U.S. and non-U.S. markets and including both equities and fixed income securities. This flexibility helps mitigate geographic and asset-specific risks but also introduces the complexity of managing a broad portfolio.
From an investor’s perspective, the provided distribution rate needs to be weighed against the potential sources of this capital. The mention of possible returns from sources such as short-term and long-term capital gains or even return of capital indicates that part of the distribution might not be from income generated but from the principal amount invested. This could be a double-edged sword, providing immediate income at the potential cost of future growth.
Understanding the wider context of the investment advisor, Clough Capital Partners L.P. and their other managed assets also gives insight into the firm's capability and stability. With $1.3 billion in total assets managed, the firm's size provides a level of credibility and experience, which can be reassuring for investors.
DENVER, CO / ACCESSWIRE / July 9, 2024 / Today, the Board of Trustees (the "Board") for the Clough Global Equity Fund (the "Fund") has declared a monthly cash distribution of
The following dates apply to the distributions declared:
Ex-Date: July 19, 2024
Record Date: July 19, 2024
Payable Date: July 31, 2024
Ex-Date: August 16, 2024
Record Date: August 16, 2024
Payable Date: August 30, 2024
Ex-Date: September 17, 2024
Record Date: September 17, 2024
Payable Date: September 30, 2024
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
Clough Capital Partners L.P.*
Clough Capital Partners L.P. is a Boston-based investment advisory firm which manages approximately
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.cloughcefs.com or call 1-855-425-6844. 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.
*These are preliminary estimates and are not reflective of finalized calculations.
SOURCE: Clough Global Equity Fund | GLQ
View the original press release on accesswire.com
FAQ
What monthly distribution has the Clough Global Equity Fund declared for July, August, and September 2024?
When are the payable dates for Clough Global Equity Fund's monthly distributions in July, August, and September 2024?
How is the monthly distribution rate for Clough Global Equity Fund determined?
What is the investment strategy of the Clough Global Equity Fund?
What were the total assets of the Clough Global Equity Fund as of June 30, 2024?
What portion of the Clough Global Equity Fund's distribution may come from sources other than net income?
