The Clough Global Allocation Fund Changes Its Fiscal Year End from 5/31 to 3/31
March 17 2006 - 6:00PM
Business Wire
Today, the Clough Global Allocation Fund Board of Trustees (AMEX:
GLV) approved a change to Clough Global Allocation Fund -- GLV's
fiscal year end from May 31 to March 31. The Clough Global
Allocation Fund The Fund is a closed-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 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
that manages approximately $1.1 billion in 2 closed-end funds
(Clough Global Allocation Fund -- GLV and Clough Global Equity Fund
-- GLQ) and $500 million in hedge funds and separately managed
accounts. For equities, the firm uses a global and theme-based
investment approach based to identify chronic shortages and growth
opportunities. For fixed income, Clough believes changing economic
fundamentals help reveal potential global credit market
opportunities based primarily on flow of capital in to or out of a
country. Clough was founded in 2000 by Chuck Clough and partners
James Canty and Eric Brock. The 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. 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.
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