Clough Global Allocation Fund Declares a Monthly Cash Distribution of $0.105 Per Share

DENVER--()--Today, the Board of Trustees for the Clough Global Allocation Fund (NYSEMKT: GLV) declared a monthly cash distribution of $0.105 per common share, payable on the dates noted below. The Fund has approximately $352 million in total assets, the net asset value was $17.85 per share and the market price was $15.62 as of July 7, 2014.

The following dates apply to the distributions declared:

Ex-Date: July 16, 2014
Record Date: July 18, 2014
Payable Date: July 31, 2014

Ex-Date: August 14, 2014
Record Date: August 18, 2014
Payable Date: August 29, 2014

Ex-Date: September 16, 2014
Record Date: September 18, 2014
Payable Date: September 30, 2014

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 2014, 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 searching globally for the most opportunistic investments in the capital markets, with an investment objective of providing a high level of total return. With Analysts in Boston and Hong Kong, the Clough Global Allocation Fund seeks to pursue this objective by applying a fundamental research-driven investment process and will invest 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, can be found at www.cloughglobal.com or call 877-256-8445.

Clough Capital Partners L.P.

Clough Capital Partners L.P. (“Clough Capital”) is a Boston-based investment advisory firm which manages approximately $4.6 billion in assets: $2.1 billion in hedge fund and institutional accounts; $79 million in an open-end mutual fund; and $2.4 billion in three closed-end funds (as of May 31, 2014) – 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 Capital 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, as well as Robert Zdunczyk.

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 them carefully before investing.

The Clough Global Allocation 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.
Tom Carter, ALPS
+1 303-623-2577
tom.carter@alpsinc.com
or
Clough Global Allocation Fund
Fund Services Group
877-256-8445

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Contacts

Clough Capital Partners L.P.
Tom Carter, ALPS
+1 303-623-2577
tom.carter@alpsinc.com
or
Clough Global Allocation Fund
Fund Services Group
877-256-8445