Clough Closed-End Funds Announce Expiration and Preliminary Results of Tender Offers
November 13 2017 - 6:45AM
Business Wire
Clough Global Dividend and Income Fund (GLV), Clough Global
Equity Fund (GLQ) and Clough Global Opportunities Fund (GLO) (each,
a “Fund” and collectively, the “Funds”), which are advised by
Clough Capital Partners L.P. (the “Adviser”), announced today the
preliminary results of the tender offers for up to 37.5% of each of
GLQ’s and GLO’s respective outstanding common shares of beneficial
interest and up to 32.5% of GLV’s outstanding common shares of
beneficial interest, which expired at 5:00 p.m., New York City
time, on November 10, 2017.
Based upon preliminary information, approximately 4,978,971,
9,911,558 and 31,425,351 shares were tendered for GLV, GLQ and GLO,
respectively. Due to the fact that the number of shares tendered
exceeded the number of shares the Funds offered to purchase, the
Funds will purchase the maximum percentage of outstanding shares
they previously announced on a pro-rata basis in accordance with
the terms of the Offer to Purchase. The actual number of shares to
be purchased for each Fund is anticipated to be announced after the
expiration of the period for delivering shares tendered by
guaranteed delivery.
Additional Information
About Clough Global Equity Fund
The Fund is a closed-end fund utilizing the Adviser’s
research-driven, thematic process, with an investment objective of
providing a high level of total return. Having a global, flexible
mandate and exploiting the Firm’s research offices in Boston, the
Fund will invest at least 80% in equity and equity-related
securities in both U.S. and non-U.S. markets, and the remainder in
fixed income securities, including corporate and sovereign debt, in
both U.S. and non-U.S. markets. More information on the Clough
Global Equity Fund, including the Fund’s dividend reinvestment
plan, can be found at www.cloughglobal.com or call
877-256-8445.
About Clough Global Opportunities Fund
The Fund is a closed-end fund with an investment objective of
providing a high level of total return. The Fund seeks to achieve
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. Utilizing the Adviser’s global research
capabilities, with offices in Boston, the Clough Global
Opportunities Fund will invest in both U.S. and non-U.S. markets.
More information on the Clough Global Opportunities Fund, including
the Fund’s dividend reinvestment plan, can be found at
www.cloughglobal.com or call 877-256-8445.
About Clough Global Dividend and Income Fund
The Fund is a closed-end fund with an investment objective of
providing a high level of total return. With analysts in Boston,
the Clough Global Dividend and Income 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 Dividend and Income Fund, including the Fund’s
dividend reinvestment plan, can be found at www.cloughglobal.com or
call 877-256-8445.
About Clough Capital Partners L.P.
The Adviser is a Boston-based investment advisory firm which
manages approximately $2.8 billion in assets: $1.0 billion in hedge
fund and institutional accounts; $89 million in open-end mutual
funds; and $1.6 billion in the Funds as of October 31, 2017. The
firm uses a global and theme-based approach and invests in
securities on a global basis.
An investor should consider investment objectives, risks,
charges and expenses carefully before investing. To obtain an
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.
Certain statements made in this press release, such as those
related to the tender offers, are forward-looking statements.
Actual future results or occurrences may differ significantly from
those anticipated in any forward-looking statements due to numerous
factors, including, but not limited to: market developments, legal
and regulatory developments, and other additional risks and
uncertainties. As a result, none of the Adviser, the Funds, or any
other person assumes responsibility for the accuracy and
completeness of such statements in the future.
ALPS Portfolio Solutions Distributor, Inc, FINRA Member
Firm.
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version on businesswire.com: http://www.businesswire.com/news/home/20171113005286/en/
Clough Capital Partners L.P.Ned Burke,
303-623-2577ned.burke@alpsinc.comorFund Services Group,
877-256-8445
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