DENVER, April 10,
2023 /PRNewswire/ -- Today, the Board of Trustees
(the "Board") for the Clough Global Equity Fund (the "Fund") has
declared a monthly cash distribution of $0.0599 per common share, payable on the dates
noted below. The Fund's managed distribution policy is to set the
monthly distribution rate at an amount equal to one twelfth of 10%
of the Fund's adjusted year-end net asset value per share ("NAV"),
which will be the average of the NAVs as of the last five business
days of the prior calendar year.
The following dates apply to the distributions declared:
Ex-Date: April 20, 2023
Record Date: April 21, 2023
Payable Date: April 28, 2023
Ex-Date: May 18, 2023
Record Date: May 19, 2023
Payable Date: May 31, 2023
Ex-Date: June 15, 2023
Record Date: June 16, 2023
Payable Date: June 30, 2023
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, long-term capital gain and return of
capital. The final determination of the source of all
distributions, 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 utilizing Clough Capital Partners L.P.'s research-driven,
thematic process, with an investment objective of providing a high
level of total return. Having a global, flexible mandate, the Fund
will invest at least 80% in equity and equity-related securities in
both U.S. and non-U.S. markets, and the remainder in fixed income
securities, including corporate and sovereign debt, in both U.S.
and non-U.S. markets. The Fund's portfolio managers are
Chuck Clough and Bill Whelan. As of March
31, 2023 the Fund had approximately $234.7 million in total assets. More information,
including the Fund's dividend reinvestment plan, can be found at
www.cloughglobal.com or call 877-256-8445.
Clough Capital Partners L.P.
Clough Capital Partners
L.P. is a Boston-based investment
advisory firm which manages approximately $1.4 billion in assets: $552 million in hedge fund and institutional
accounts; $27 million in open-end
mutual funds; and $815 million in
three closed-end funds (as of March 31,
2023) – Clough Global Dividend and Income Fund (GLV), Clough
Global Equity Fund (GLQ), and Clough Global Opportunities Fund
(GLO).
An investor should consider investment objectives, risks,
charges and expenses carefully before investing. To obtain an
annual report or semi-annual report 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 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.
ALPS Portfolio Solutions Distributor, Inc, FINRA Member
Firm.
Clough Global Equity Fund (NYSE MKT: GLQ)
1290
Broadway, Suite 1000
Denver, CO 80203
Contact: Fund Services Group at 877-256-8445
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SOURCE Clough Global Equity Fund