Clough Global Allocation Fund Declares Its Quarterly Cash Distribution of $0.36 Per Share
June 30 2006 - 3:53PM
Business Wire
Today, the Clough Global Allocation Fund (AMEX: GLV) declared its
quarterly cash distribution of $0.36 per share for July 2006. The
distribution will be payable on July 31, 2006 to shareholders of
record on July 14, 2006. Clough Global Allocation Fund Cash
Distribution Ex-Date: July 12, 2006 Record Date: July 14, 2006
Payable Date: July 31, 2006 The Fund has approximately $373 million
in total assets, the net asset value was $22.27 per share and the
market price was $23.59 as of June 27, 2006. 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 2006, 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 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 equityrelated
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 is a Boston-based investment advisory firm which
manages approximately $2.5 billion in assets: Approximately $540
million in hedge fund and institutional accounts and $2 billion in
3 closed-end funds -- Clough Global Allocation Fund (GLV), Clough
Global Equity Fund (GLQ) and the Clough Global Opportunities Fund
(GLO). The firm uses a 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 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.
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