Clough Global Equity Fund Raises the Quarterly Cash Distribution by Ten Percent to $0.33 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) ) raised its quarterly cash distribution to $0.33 per share for October 2005. The distribution, an increase of ten percent from the prior quarter, will be payable on October 31, 2005, to shareholders of record on October 14, 2005. Clough Global Equity Fund Cash Distribution Ex-Date: October 12, 2005 Record Date: October 14, 2005 Payable Date: October 31, 2005 The Fund has approximately $622 million in total assets, the net asset value was $21.99 per share and the market price was $22.20 as of September 27, 2005. 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 2005, 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. Clough Capital Partners L.P. Clough is a Boston-based investment management firm that has approximately $1.3 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 or sending money. |
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