CLOUGH GLOBAL EQUITY FUND DECLARES MONTHLY CASH DISTRIBUTIONS FOR OCTOBER, NOVEMBER AND DECEMBER 2022 OF $0.1162 PER SHARE

Rhea-AI Summary

The Clough Global Equity Fund (GLQ) has announced a monthly cash distribution of $0.1162 per share for October, November, and December 2022. This amount follows the Fund's managed distribution policy, set at one-twelfth of 10% of the adjusted year-end net asset value (NAV). The key dates for the distribution are October 20, 2022 (ex-date), October 21, 2022 (record date), and October 31, 2022 (payable date). As of September 30, 2022, the Fund held approximately $308 million in total assets, investing primarily in equity securities globally.

Positive

• Declared monthly cash distribution of $0.1162 per share.
• Investment policy aimed at high total return with a global mandate.
• Approximately $308 million in total assets, indicating strong fund size.

Negative

• None.

DENVER, Oct. 11, 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: October 20, 2022
Record Date: October 21, 2022
Payable Date: October 31, 2022

Ex-Date: November 17, 2022
Record Date: November 18, 2022
Payable Date: November 30, 2022

Ex-Date: December 19, 2022
Record Date: December 20, 2022
Payable Date: December 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 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 manager is Chuck Clough. As of September 30, 2022 the Fund had approximately $308 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 $1.6 billion in assets: $543 million in hedge fund and institutional accounts; $39 million in open-end mutual funds; and $1.0 billion in three closed-end funds (as of September 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                                                                         

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SOURCE Clough Global Equity Fund

FAQ

What is the cash distribution amount for Clough Global Equity Fund (GLQ) in October 2022?

The cash distribution amount for Clough Global Equity Fund (GLQ) in October 2022 is $0.1162 per share.

What are the key dates for the Clough Global Equity Fund (GLQ) cash distributions?

The key dates for the cash distributions are October 20, 2022 (ex-date), October 21, 2022 (record date), and October 31, 2022 (payable date).

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

The investment objective of the Clough Global Equity Fund (GLQ) is to provide a high level of total return.

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

As of September 30, 2022, Clough Global Equity Fund (GLQ) managed approximately $308 million in total assets.

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

The distribution policy is set at one twelfth of 10% of the adjusted year-end net asset value (NAV) per share.