Clough Global Allocation Fund Declares a Monthly Cash Distribution of $0.105 Per Share
July 08 2014 - 9:30AM
Business Wire
Today, the Board of Trustees for the Clough Global Allocation
Fund (NYSEMKT: GLV) declared a monthly cash distribution of $0.105
per common share, payable on the dates noted below. The Fund has
approximately $352 million in total assets, the net asset value was
$17.85 per share and the market price was $15.62 as of July 7,
2014.
The following dates apply to the distributions declared:
Ex-Date: July 16, 2014Record Date: July 18, 2014Payable Date:
July 31, 2014
Ex-Date: August 14, 2014Record Date: August 18, 2014Payable
Date: August 29, 2014
Ex-Date: September 16, 2014Record Date: September 18,
2014Payable Date: September 30, 2014
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 2014, 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 searching globally for the most
opportunistic investments in the capital markets, with an
investment objective of providing a high level of total return.
With Analysts in Boston and Hong Kong, the Clough Global Allocation
Fund seeks to pursue this objective by applying a fundamental
research-driven investment process and will invest 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 Capital Partners L.P. (“Clough Capital”) is a
Boston-based investment advisory firm which manages approximately
$4.6 billion in assets: $2.1 billion in hedge fund and
institutional accounts; $79 million in an open-end mutual fund; and
$2.4 billion in three closed-end funds (as of May 31, 2014) –
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 Capital 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, as well as Robert
Zdunczyk.
An investor should consider investment objectives, risks,
charges and expenses carefully before investing. To obtain a
prospectus, annual report or semi-annual report which contains this
and other information visit www.cloughglobal.com or
call 877-256-8445. Read them 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.
Clough Capital Partners L.P.Tom Carter, ALPS+1
303-623-2577tom.carter@alpsinc.comorClough Global Allocation
FundFund Services Group877-256-8445
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