Clough Global Equity Fund Increases Quarterly Cash Distribution to $0.26 Per Share.DENVER -- Today, the Clough Global Equity Fund (NYSE NYSE See: New York Stock Exchange Amex: GLQ GLQ Gauss-Legendre Quadrature (numerical method) ) declared an increased quarterly cash distribution of $0.26 per common share for October 2009. The dividend will be payable on October 30, 2009 to shareholders of record on October 21, 2009. Clough Global Equity Fund Cash Distribution Ex-Date: October 19, 2009 Record Date: October 21, 2009 Payable Date: October 30, 2009 The Fund has approximately $493 million in total assets, the net asset value was $16.33 per share and the market price was $13.62 as of September 28, 2009. Subject to market conditions, the Fund intends to distribute subsequent regular quarterly cash distributions. Chuck Clough, founder of Clough Capital Partners and portfolio manager for the Fund notes, "We are pleased that with the recent rise in net asset value, we are able to increase distributions accordingly." 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 2009, 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 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 advisory firm which manages approximately $2.7 billion in assets: $665 million in hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" and institutional accounts; $43 million in open-end mutual funds; and $2.0 billion in three closed-end funds - Clough Global Allocation (GLV GLV Grating Light Valve GLV Golovin, AK, USA (Airport Code) GLV General License Limited Value GLV General Law Village ), Clough Global Equity (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 global and 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. 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. Forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. are based on information that is available on the date hereof, and neither the fund manager nor any other person affiliated with the fund manager has any duty to update any forward-looking statements. Important factors that could affect actual results to differ from these statements include, among other factors, material, negative changes to the asset class and the actual composition of the portfolio |
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