Welcome to our dedicated page for Clough Global Equity Fund news (Ticker: GLQ), a resource for investors and traders seeking the latest updates and insights on Clough Global Equity Fund stock.
Clough Global Equity Fund (symbol: GLQ) is a closed-end management investment company dedicated to generating a high level of total return for its investors. The Fund primarily invests in equity and equity-related securities, as well as fixed-income securities, spanning both U.S. and international markets. This diversified approach allows the Fund to capitalize on global opportunities and manage risks effectively.
Utilizing Clough Capital Partners L.P.'s research-driven and thematic investment process, the Fund maintains a flexible mandate, investing at least 80% in equity and equity-related securities and the remainder in fixed income securities, including corporate and sovereign debt. The portfolio managers, Chuck Clough and Bill Whelan, leverage their extensive expertise to navigate market complexities and identify value opportunities worldwide.
The Fund's managed distribution policy aims to provide reliable monthly cash distributions. For instance, recent distributions have been set at $0.0603 per common share, reflecting the annualized rate of 10% of the Fund's adjusted year-end net asset value per share. These distributions may include short-term capital gain, long-term capital gain, and return of capital.
As of March 31, 2024, the Fund had approximately $200.9 million in total assets, highlighting its significant market presence. Additionally, the Fund's share repurchase program, renewed in June 2024, enables it to purchase up to 5% of its outstanding common shares, enhancing shareholder value by taking advantage of market discounts.
Clough Capital Partners L.P., the Boston-based investment advisory firm managing the Fund, oversees approximately $1.2 billion in assets. This includes hedge funds, institutional accounts, exchange-traded funds, and other closed-end funds such as Clough Global Dividend and Income Fund (GLV) and Clough Global Opportunities Fund (GLO).
Investors should consider the Fund's objectives, risks, charges, and expenses carefully before investing. The Fund trades in the secondary market, and shares are bought or sold through intermediaries or brokers. For more detailed information, including the Fund's dividend reinvestment plan and annual or semi-annual reports, prospective investors are encouraged to visit the Fund's website or contact their customer service line.
The Clough Global Equity Fund (GLQ) has announced a monthly cash distribution of $0.0599 per common share for January, February, and March 2023. This distribution aligns with the Fund's policy to pay out one-twelfth of 10% of its adjusted year-end net asset value (NAV). Important distribution dates include: Ex-Dates on January 19, February 16, and March 16, with payable dates at the end of each month. As of December 31, 2022, the Fund had total assets of approximately $267.4 million.
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.
FAQ
What is the current stock price of Clough Global Equity Fund (GLQ)?
What is the market cap of Clough Global Equity Fund (GLQ)?
What is Clough Global Equity Fund?
Who manages Clough Global Equity Fund?
What is the investment strategy of Clough Global Equity Fund?
What is the managed distribution policy of the Fund?
What are the recent distribution amounts?
How much in total assets does the Fund manage?
What is the Fund's share repurchase program?
How does one invest in Clough Global Equity Fund?
Where can I find more information about the Fund?
What is the primary goal of Clough Global Equity Fund?
