Clough Global Equity Fund Declares Its First Quarterly Cash Distribution of $0.30 Per Share.DENVER -- Today, 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) ) declared its first quarterly cash distribution of $0.30 per share for July 2005. The distribution will be payable on July 29, 2005, to shareholders of record on July 15, 2005. Clough Global Equity Fund Cash Distribution Ex-Date: July 13, 2005 Record Date: July 15, 2005 Payable Date: July 29, 2005 The Fund has approximately $348 million in total assets, the net asset value was $19.35 per share and the market price was $19.97 as of June 8, 2005. Subject to market conditions, the Fund intends to distribute subsequent regular quarterly cash distributions. A portion of the distribution may be treated as long-term capital gain Long-term capital gain A profit on the sale of a security or mutual fund share that has been held for more than one year. or qualifying dividend income for individuals, each subject to a maximum Federal income tax rate of 15%, or as short-term capital gain Short-term capital gain A profit on the sale of a security or mutual fund share that has been held for one year or less. A short-term capital gain is taxed as ordinary income. subject to a maximum Federal income tax rate of 35%. Ordinary income, long-term capital gain and qualifying dividend income, if any, will be allocated on a pro-rata basis to all distributions for the year. The final determination of the source of all distributions in 2005 will be made after year-end. 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 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 over $1 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. |
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