Clough Global Equity Fund and Clough Global Opportunities Fund Announces Redemption of Certain Series of Auction Market Preferred Shares.DENVER -- Today, Clough Global Equity Fund (AMEX AMEX See: American Stock Exchange : GLQ GLQ Gauss-Legendre Quadrature (numerical method) ), and Clough Global Opportunities (AMEX: 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 ) (each a "Fund" and together with the Clough Global Allocation Fund (AMEX: GLV GLV Grating Light Valve GLV Golovin, AK, USA (Airport Code) GLV General License Limited Value GLV General Law Village ), the "Funds") are pleased to announce the redemption of all outstanding shares of certain series of Auction Market Preferred Shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. (the "AMPS") at par, as set forth below, in their entirety pursuant to their terms. [TABLE OMITTED] The Funds intend to redeem all outstanding shares of the remaining series of AMPS at par, as set forth below, in their entirety pursuant to their terms. [TABLE OMITTED] Each Fund has obtained overnight collateralized financing from a financial institution to provide new funding to redeem the AMPS and provide up to 33% leverage to the Funds going forward. Each of the Fund's Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. has approved the refinancing which is expected to lower the costs of leverage for the Funds. Each Fund's obligation to redeem the AMPS shares is subject to having sufficient funds available to it from its borrowing arrangement to finance the redemption. More information on the Funds can be found at www.cloughglobal.com or by calling 877-256-8445. The Funds are closed-end fund mutual funds. Closed-end funds do not continuously issue shares for sale as open-end mutual funds do. Since the initial public offerings, the Clough Global Funds now trade in the secondary market. Investors wishing to buy or sell shares need to place orders through an intermediary or broker. |
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