Clough Global Allocation Fund Declares Its Quarterly Cash Distribution of $0.46 Per Share
March 31 2008 - 3:18PM
Business Wire
Today, the Clough Global Allocation Fund (AMEX: GLV) declared its
quarterly cash distribution of $0.46 per common share for April
2008. The dividend will be payable on April 30, 2008 to
shareholders of record on April 16, 2008. Clough Global Allocation
Fund Cash Distribution Ex-Date: April 14, 2008 Record Date: April
16, 2008 Payable Date: April 30, 2008 The Fund has approximately
$382 million in total assets, the net asset value was $21.74 per
share and the market price was $18.87 as of March 26, 2008. 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 2008, 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
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 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 (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. 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. 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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