Clough Global Equity Fund Declares Special Dividend.DENVER -- The Clough Global Equity Fund (AMEX AMEX See: American Stock Exchange : GLQ GLQ Gauss-Legendre Quadrature (numerical method) ) today declared a special dividend of $0.34 per share and a 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. of $0.25 per share. The special dividend and long-term capital gain are being paid in addition to the Fund's regular quarterly dividend to allow the Fund to meet its 2006 distribution requirement for federal excise tax Excise Tax 1. An indirect tax charged on the sale of a particular good. 2. A penalty tax applied to ineligible transactions in retirement accounts. This penalty is assessed by and paid to the IRS. Notes: 1. purposes. The distributions will be payable on December 29, 2006 to shareholders of record on December 28, 2006. The Ex-Distribution date will be December 26, 2006. The Fund has approximately $668 million in total assets, its net asset value was $23.32 per share and the market price was $22.13 as of December 14, 2006. Subject to market conditions, the Fund intends to distribute subsequent regular quarterly cash distributions. The final determination of the sources 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 $3.1 billion in assets: Approximately $518 million in hedge fund and institutional accounts and $2.6 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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