Clough Global Equity Fund Declares a Quarterly Cash Distribution of $0.29 Per Share

DENVER--()--Today, the Clough Global Equity Fund (NYSE Amex: GLQ) declared a quarterly cash distribution of $0.29 per common share for October 2012. The dividend will be payable on October 31, 2012 to shareholders of record on October 19, 2012.

Clough Global Equity Fund Cash Distribution

Ex-Date: October 17, 2012
Record Date: October 19, 2012
Payable Date: October 31, 2012

The Fund has approximately $517 million in total assets, the net asset value was $15.06 per share and the market price was $12.94 as of October 4, 2012. 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, long-term capital gain and return of capital. The final determination of the source of all distributions in 2012, 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’s research-driven, thematic process, with an investment objective of providing a high level of total return. Having a global, flexible mandate and exploiting the Firm’s research offices in Boston and Hong Kong, 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 . More information on the Clough Global Equity Fund, 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 is a Boston-based investment advisory firm which manages approximately $3.7 billion in assets: $1.6 billion in hedge fund and institutional accounts; $53 million in open-end mutual funds; and $2.1 billion in three closed-end funds (as of August 31, 2012) – Clough Global Allocation (GLV), Clough Global Equity (GLQ), 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. These 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, 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.

Contacts

Clough Capital Partners L.P.
Ned Burke, 303-623-2577
or
Fund Services Group, 877-256-8445

Sharing

Contacts

Clough Capital Partners L.P.
Ned Burke, 303-623-2577
or
Fund Services Group, 877-256-8445