Clough Global Allocation Fund Declares a Quarterly Cash Distribution of $0.30 Per Share
April 06 2010 - 2:30PM
Business Wire
Today, the Clough Global Allocation Fund (NYSE Amex: GLV)
declared a quarterly cash distribution of $0.30 per common share
for April 2010. The dividend will be payable on April 30, 2010 to
shareholders of record on April 16, 2010.
Clough Global Allocation Fund Cash Distribution
Ex-Date: April 14, 2010Record Date: April 16, 2010Payable Date:
April 30, 2010
The Fund has approximately $310 million in total assets, the net
asset value was $17.32 per share and the market price was $16.21 as
of April 5, 2010. 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 2010, 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 $3.0 billion in assets: $970 million in hedge fund
and institutional accounts; $50 million in open-end mutual funds;
and $2.0 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.
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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