Clough Global Equity Fund Announces Net Asset Value Adjustment.DENVER -- The Clough n. 1. A cleft in a hill; a ravine; a narrow valley. 2. A sluice used in returning water to a channel after depositing its sediment on the flooded land. 1. (Com.) An allowance in weighing. See Cloff. Global Equity Fund (AMEX AMEX See: American Stock Exchange : GLQ GLQ Gauss-Legendre Quadrature (numerical method) ) announced an increase in its Net Asset Value of $.26 per share due to an accrual accrual, n continually recurring short-term liabilities. Examples are accrued wages, taxes, and interest. adjustment. The Fund had over-accrued its expected distributions to preferred shareholders from net investment income and the adjustment was made to bring the accrual in line with the actual liability. The adjustment to the Net Asset Value was made on May 2, 2006. The Clough Global Equity Fund The Fund is a closed-end fund Closed-end fund An investment company that issues shares like any other corporation and usually does not redeem its shares. A publicly traded fund sold on stock exchanges or over the counter that may trade above or below its net asset value. Related: Open-end fund. with an investment objective of providing a high level of total return. It intends to achieve this objective by applying a fundamental research-driven investment process, investing in equity and equity-related securities in both U.S. and non-U.S. markets. More information on the Clough Global Equity Fund, including the Fund's dividend reinvestment plan Dividend Reinvestment Plan (DRP) Plan which provides for automatic reinvestment of shareholder dividends in more shares of a company's stock, often without commissions. Some plans provide for the purchase of additional shares at a discount to market price. , can be found at www.cloughglobal.com or call 877-256-8445. Clough Capital Partners L.P. Clough is a Boston-based investment management firm that has approximately $2.6 billion under management. The firm uses a global and theme-based investment approach based on identifying chronic shortages and growth opportunities. Clough was founded in 2000 by Chuck Clough and partners James Canty and Eric Brock brock n. Chiefly British A badger. [Middle English brok, from Old English broc, of Celtic origin.] . The three are the portfolio managers for the Clough Global Equity Fund. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus 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. |
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