Clough Global Allocation Fund Declares Its Quarterly Cash Distribution of $0.46 Per Share
July 02 2008 - 12:41PM
Business Wire
Today, the Clough Global Allocation Fund (AMEX: GLV) declared its
quarterly cash distribution of $0.46 per common share for July
2008. The dividend will be payable on July 31, 2008 to shareholders
of record on July 16, 2008. Clough Global Allocation Fund Cash
Distribution Ex-Date: July 14, 2008 Record Date: July 16, 2008
Payable Date: July 31, 2008 The Fund has approximately $416 million
in total assets, the net asset value was $23.38 per share and the
market price was $21.49 as of June 30, 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 $3.6 billion in assets: Over $600 million in
hedge fund and institutional accounts and $3.0 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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