Developments in the Auction Rate Preferred Securities Markets
February 20 2008 - 5:10PM
Business Wire
Today, the Clough Global Allocation Fund (AMEX: GLV) announced that
it has posted a commentary on recent developments in the auction
rate preferred securities markets as it pertains to closed-end
funds on its website at www.cloughglobal.com. 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
which manages approximately $3.3 billion in assets: over $550
million in hedge fund and institutional accounts and $2.7 billion
in three closed-end funds - Clough Global Allocation Fund (GLV),
Clough Global Equity Fund (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. 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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