Clough Global Allocation Fund Changes Name to Clough Global Dividend and Income Fund
July 29 2016 - 9:00AM
Business Wire
The Board of Trustees (the “board”) of the Clough Global
Allocation Fund (GLV) (the “Fund”) announced that they have
approved a change of the Fund’s name to the Clough Global Dividend
and Income Fund, effective July 31, 2016. The change announced
today relates only to the Fund’s name. The Fund will continue to
trade on the NYSE under its current ticker symbol, “GLV.”
This name change is in accordance with the Fund’s Investment
Policy and the Fund will continue to pursue its primary investment
objective of providing a high level of total return.
GLV has always been the most conservative of the three
closed-end funds advised by Clough Capital Partners L.P., with the
highest allocation to income producing securities, which tend to be
less volatile than equities. The name change is more reflective of
this strategy. There is no change to the Fund’s investment
strategy. The board believes this name change will help investors
better identify the Clough Global Dividend and Income Fund as more
conservative and income-oriented, the Clough Global Equity Fund
(GLQ) as more aggressive and equity-oriented, and the Clough Global
Opportunities Fund (GLO), as more opportunistic and flexible in its
rotating approach to what management sees as the most attractive
opportunities in the capital markets.
The Fund
The Fund is a closed-end fund with an investment objective of
providing a high level of total return. With analysts in Boston and
Hong Kong, the 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 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 $3.4 billion in assets: $1.3 billion in hedge fund
and institutional accounts; $101 million in open-end mutual funds;
and $2.0 billion in three closed-end funds (as of May 31, 2016) –
Fund (GLV), Clough Global Equity Fund (GLQ), and 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, 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160729005033/en/
Clough Capital Partners L.P.Tom Carter, ALPS,
+1-303-623-2577tom.carter@alpsinc.com
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