Clough Global Opportunities Fund Declares a Quarterly Cash Distribution of $0.28 Per Share.DENVER -- Today, the Clough Global Opportunities Fund (AMEX AMEX See: American Stock Exchange : 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 ) declared a quarterly cash distribution of $0.28 per common share for October 2008. The dividend will be payable on October 31, 2008 to shareholders of record on October 16, 2008. Clough Global Opportunities Fund Cash Distribution Ex-Date: October 14, 2008 Record Date: October 16, 2008 Payable Date: October 31, 2008 The Fund has approximately $1.4 billion in total assets, the net asset value was $14.95 per share and the market price was $12.19 as of October 1, 2008. 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, "Our intent has been, and continues to be, that the distribution should reflect the changes in the Fund's net asset value over time. Due to the recent decline in the Fund's net asset value and the challenging overall market conditions that exist, we think it is appropriate to decrease the Fund's distribution at this time to a level that we believe is more sustainable. We are confident, however, that the current financial turmoil is creating longer term opportunities in global equities." 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 2008, including the percentage of qualified dividend income, will be made after year-end. The Clough Global Opportunities 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, as well as fixed income securities, including both corporate and sovereign debt in both U.S. and non-U.S. markets. More information on the Clough Global Opportunities 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: Over $540 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 and $2.6 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 GLQ Gauss-Legendre Quadrature (numerical method) ), and the Clough Global Opportunities Fund (GLO). 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 brock n. Chiefly British A badger. [Middle English brok, from Old English broc, of Celtic origin.] . These three are the portfolio managers for the Clough Global Opportunities 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 Opportunities 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. |
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