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) announced a transferable rights offering set to commence on May 27, 2021, and expire on June 22, 2021. Shareholders of record by May 25, 2021, will receive one right for each share held, allowing them to subscribe for a new share at a calculated subscription price based on market value. Rights trading begins on May 28, 2021, enabling non-participating shareholders to sell their rights. The offering is part of the fund's strategy to provide high returns through global equity investments, which includes 80% in equities and related securities.
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.
The Clough Global Equity Fund (GLQ) has announced a monthly cash distribution of $0.1341 per common share, marking a 22% increase from the previous amount. This adjustment aligns with the Fund's managed distribution policy, set at one-twelfth of 10% of the Fund's adjusted year-ending net asset value (NAV). The distribution is scheduled for January, February, and March of 2021, with specific ex-dates, record dates, and payable dates provided. As of December 31, 2020, the Fund had approximately $334.2 million in total assets.
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