Clough Global Equity Fund Declares Its Quarterly Cash Distribution of $0.34 Per Share.DENVER -- Today, the Clough Global Equity Fund (AMEX AMEX See: American Stock Exchange : GLQ GLQ Gauss-Legendre Quadrature (numerical method) ) declared its quarterly cash distribution of $0.34 per share for July 2006. The distribution will be payable on July 31, 2006, to shareholders of record on July 14, 2006. Clough Global Equity Fund Cash Distribution Ex-Date: July 12, 2006 Record Date: July 14, 2006 Payable Date: July 31, 2006 The Fund has approximately $672 million in total assets, the net asset value was $21.55 per share and the market price was $22.04 as of June 27, 2006. Subject to market conditions, the Fund intends to distribute subsequent regular quarterly cash distributions. 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 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. , 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. and return of capital. The final determination of the source of all distributions in 2006, 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 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 advisory firm which manages approximately $2.5 billion in assets: Approximately $540 million in hedge fund and institutional accounts and $2 billion in 3 closed-end funds - Clough Global Allocation Fund (GLV GLV Grating Light Valve GLV Golovin, AK, USA (Airport Code) GLV General License Limited Value GLV General Law Village ), Clough Global Equity Fund (GLQ) and the Clough Global Opportunities Fund (GLO GLO Global GLO General Land Office GLO Greek Life Office GLO General Learner Outcomes GLO GLO Lounge Orlando GLO Good Looking Organisation Ltd. (music production) GLO Get the Lead Out GLO Gospel Literature Outreach ). The firm uses a theme-based approach and invests in securities on a global basis. Clough was founded in 2000 by Chuck Clough and partners James Canty and Eric Brock. These 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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