Date Change Notification for Clough Global Allocation Fund Special Dividend.DENVER -- On December 22, 2006, the Clough Global Allocation Fund (AMEX AMEX See: American Stock Exchange : GLV GLV Grating Light Valve GLV Golovin, AK, USA (Airport Code) GLV General License Limited Value GLV General Law Village ) declared 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 $0.71 per share. The long-term capital gain is 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 payable, record and Ex-Distribution dates have been changed from those communicated in the press release dated December 22, 2006. The distribution will be payable on January 2, 2007 to shareholders of record on December 29, 2006. The Ex-Distribution date will be December 27, 2006. The Fund has approximately $386 million in total assets, its net asset value was $23.38 per share and the market price was $23.13 as of December 22, 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 Allocation 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 Allocation 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), Clough Global Equity Fund (GLQ GLQ Gauss-Legendre Quadrature (numerical method) ) 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 Allocation 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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