Clough Global Allocation Fund Declares Quarterly Cash Distribution of $0.26 Per Share
July 10 2009 - 1:45PM
Business Wire
Today, the Clough Global Allocation Fund (NYSE Amex: GLV)
declared a quarterly cash distribution of $0.26 per common share
for July 2009. The dividend will be payable on July 31, 2009 to
shareholders of record on July 22, 2009.
Clough Global Allocation Fund Cash Distribution
Ex-Date: July 20, 2009Record Date: July 22, 2009Payable Date:
July 31, 2009
The Fund has approximately $281 million in total assets, the net
asset value was $14.72 per share and the market price was $11.97 as
of July 8, 2009. 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 2009, 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 $2.5 billion in assets: $585 million in hedge fund
and institutional accounts and $1.9 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.
Forward-looking statements are based on information that is
available on the date hereof, and neither the fund manager nor any
other person affiliated with the fund manager has any duty to
update any forward-looking statements. Important factors that could
affect actual results to differ from these statements include,
among other factors, material, negative changes to the asset class
and the actual composition of the portfolio.
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