Clough Global Closed-End Funds Adopt Share Repurchase Programs

DENVER--()--The Boards of Trustees (the "Boards") of the below-listed closed-end funds advised by Clough Capital Partners L.P. (the "Advisor"), announced today that they have each approved a share repurchase program. Under the share repurchase program, each of the Funds may purchase up to 5% of its outstanding common shares as of April 9, 2015, in the open market, between now and the Fund's fiscal year end of October 31, 2015. As part of its evaluation of options to enhance shareholder value, each Board has authorized the Advisor to repurchase its Fund's common shares at such times and in such amounts as the Advisor reasonably believes may enhance shareholder value.

The Funds are as follows:

Clough Global Equity Fund (NYSE MKT: GLQ)
Clough Global Opportunities Fund (NYSE MKT: GLO)
Clough Global Allocation Fund (NYSE MKT: GLV)

The Boards and the Advisor continually analyze options to enhance shareholder value and potentially reduce the discount between the market price of the Fund's common shares and their net asset value per share ("NAV"). The Boards and the Advisor believes that the share repurchase programs may further these goals because the program allows the Funds to acquire their shares in the open market at a discount to NAV, which will increase the NAV and thereby benefit remaining shareholders while potentially providing additional liquidity in the trading of the fund shares. The share repurchase programs are the most recent in a series of actions the Funds have taken to seek to enhance shareholder value, including multiple increases of the distributions in the past 18 months and increasing the frequency of their distributions from quarterly to monthly. The Boards will monitor the repurchase programs and will continue to consider strategic options to enhance shareholder value in the long-term.

The Funds' repurchase programs will be implemented on a discretionary basis under the direction of the Advisor. The Funds' repurchase activity, including the number of shares purchased, the average purchase price and the average discount to NAV, will be disclosed in the Funds' annual and semi-annual reports to shareholders. There is no assurance that the Funds will purchase shares at any specific discount levels or in any specific amounts or that the market prices of the Funds’ shares, either absolutely or relative to their NAVs, will increase as a result of any share repurchases.

Charles I. Clough, Jr., Chairman & CEO of the Advisor, commented, "We are pleased that the Boards have taken another positive step to address the Funds' discount and to support the long-term interests of the Funds' shareholders."

The Clough Global Equity Fund

The Fund is a closed-end fund utilizing the Advisor's research-driven, thematic process, with an investment objective of providing a high level of total return. Having a global, flexible mandate and utilizing 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.

The Clough Global Opportunities Fund

The Fund is a closed-end fund with an investment objective of providing a high level of total return. The Fund seeks to achieve 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. Utilizing Clough Capital’s global research capabilities, with offices in Boston and Hong Kong, the Clough Global Opportunities Fund will invest in both U.S. and non-U.S. markets. More information on the Clough Global Opportunities Fund, including the Fund’s dividend reinvestment plan, can be found at www.cloughglobal.com or call 877-256-8445.

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 research 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.

The Advisor is a Boston-based investment advisory firm which manages approximately $4.5 billion in assets: $1.8 billion in hedge fund and institutional accounts; $85 million in open-end mutual funds; and $2.5 billion in three closed-end funds (as of March 31, 2015) – 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.

Certain statements made in this press release are forward-looking statements. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements due to numerous factors. These include but are not limited to: market developments; legal and regulatory developments; and other additional risks and uncertainties. As a result, neither the Funds nor any other person assumes responsibility for the accuracy and completeness of such statements in the future.

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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.

Contacts

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

Contacts

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