Clough Global Equity Fund Declares Monthly Cash Distributions for April, May, and June 2021 of $0.1341 per Share

Rhea-AI Summary

On April 9, 2021, the Clough Global Equity Fund (GLQ) Board declared a monthly cash distribution of $0.1341 per common share for April, May, and June 2021. The distribution aligns with the Fund's managed policy, calculated as one-twelfth of 10% of the adjusted year-end net asset value (NAV). Key dates include the ex-dates of April 19, May 19, and June 18, 2021. As of March 31, 2021, the Fund's total assets were approximately $368.6 million. The Fund seeks a high total return, investing primarily in global equity and equity-related securities.

Positive

• Monthly cash distribution of $0.1341 per share enhances shareholder returns.
• Fund's NAV strategy supports stable distributions for investors.
• Total assets of approximately $368.6 million indicate solid financial health.

Negative

• None.

DENVER , April 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: April 19, 2021
Record Date: April 20, 2021
Payable Date: April 30, 2021

Ex-Date: May 19, 2021
Record Date: May 20, 2021
Payable Date: May 28, 2021

Ex-Date: June 18, 2021
Record Date: June 21, 2021
Payable Date: June 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'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 March 31st, 2021 the Fund had approximately $368.6 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 $2.2 billion in assets: $805 million in hedge fund and institutional accounts; $130 million in open-end mutual funds; and $1.3 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

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SOURCE Clough Global Equity Fund

FAQ

What is the cash distribution amount for Clough Global Equity Fund (GLQ) in April 2021?

The cash distribution amount is $0.1341 per common share.

What are the key dates for the GLQ cash distribution in 2021?

Key dates are: Ex-Date: April 19, 2021; Record Date: April 20, 2021; Payable Date: April 30, 2021.

How often does Clough Global Equity Fund (GLQ) declare distributions?

The Fund declares distributions on a monthly basis.

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

The Fund invests at least 80% in equity and equity-related securities globally, aiming for high total returns.

How much total assets does Clough Global Equity Fund (GLQ) have as of March 31, 2021?

The Fund had approximately $368.6 million in total assets.