Le Lézard
Classified in: Business

Clough Global Equity Fund Section 19(a) Notice


DENVER, July 31, 2020 /PRNewswire/ -- On July 31, 2020, the Clough Global Equity Fund (NYSE MKT: GLQ) (the "Fund"), a closed-end fund, paid a monthly distribution on its common stock of $0.1104 per share to shareholders of record at the close of business on July 21, 2020.

The following table sets forth the estimated amount of the sources of distribution for purposes of Section 19 of the Investment Company Act of 1940, as amended, and the related rules adopted thereunder.  The Fund estimates the following percentages, of the total distribution amount per share, attributable to (i) current and prior fiscal year net investment income, (ii) net realized short-term capital gain, (iii) net realized long-term capital gain and (iv) return of capital or other capital source as a percentage of the total distribution amount.  These percentages are disclosed for the current distribution as well as the fiscal year-to-date cumulative distribution amount per share for the Fund.

Current Distribution from:




Per Share ($)

%

Net Investment Income

0.0000

0.00%

Net Realized Short-Term Capital Gain

0.0000

0.00%

Net Realized Long-Term Capital Gain

0.0000

0.00%

Return of Capital or other Capital Source

0.1104

100.00%

Total (per common share)

0.1104

100.00%




Fiscal Year-to-Date Cumulative



Distributions from:




Per Share ($)

%

Net Investment Income

0.0106

1.07%

Net Realized Short-Term Capital Gain

0.1783

18.07%

Net Realized Long-Term Capital Gain

0.4249

43.06%

Return of Capital or other Capital Source

0.3729

37.80%

Total (per common share)

0.9867

100.00%

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and not for tax reporting purposes.  The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income.'

Presented below are return figures, based on the change in the Fund's Net Asset Value per share ("NAV"), compared to the annualized distribution rate for this current distribution as a percentage of the NAV on the last business day of the month prior to distribution record date.

Fund Performance & Distribution Information

Fiscal Year to Date (11/01/2019 through 6/30/2020)

Annualized Distribution Rate as a Percentage of NAV^

10.61%

Cumulative Distribution Rate on NAV^+

7.90%

Cumulative Total Return on NAV*

4.67%



Average Annual Total Return on NAV for the 5 Year Period Ending 6/30/2020**

6.10%



Past performance is not indicative of future results.

^ Based on the Fund's NAV as of June 30, 2020.

+Cumulative distribution rate is based on distributions paid to date for the period November 1, 2019 through July 31, 2020.

*Cumulative fiscal year-to-date return is based on the change in NAV including distributions paid and assuming reinvestment of these distributions for the period November 1, 2019 through June 30, 2020. 

**The 5 year average annual total return is based on change in NAV including distributions paid and assuming reinvestment of these distributions and is through the last business day of the month prior to the month of the current distribution record date.

While the NAV performance may be indicative of the Fund's investment performance, it does not measure the value of a shareholder's investment in the Fund.  The value of a shareholder's investment in the Fund is determined by the Fund's market price, which is based on the supply and demand for the Fund's shares in the open market. Shareholders should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's Managed Distribution Plan.

Furthermore, the Board of Trustees reviews the amount of any potential distribution and the income, capital gain or capital available.  The Board of Trustees will continue to monitor the Fund's distribution level, taking into consideration the Fund's net asset value and the financial market environment.  The Fund's distribution policy is subject to modification by the Board of Trustees at any time.  The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.

ALPS Portfolio Solutions Distributor, Inc. FINRA Member Firm.

Clough Global EQUITY Fund
(NYSE MKT: GLQ) 
1290 Broadway
Suite 1000
Denver, Colorado  80203
1.877.256.8445

SOURCE Clough Global Equity Fund


These press releases may also interest you

at 11:18
Bloxcross, a premier payment solutions provider, and GoDirectPay, an e-payment expert, have collaborated to launch a groundbreaking mobile application that revolutionizes global payments. https://directpay.blox.global/register/ This custom-built app...

at 11:10
NewMarket Corporation announced today it expects to release first quarter 2024 earnings at the close of business on Wednesday, April 24, 2024. The earnings announcement will also be available on the Company's website at www.NewMarket.com the...

at 11:07
SOCOTEC USA, a leading provider of TIC (Testing, Inspection, and Certification), consulting, and advisory services with a strategic focus on buildings and infrastructure, announces its collaboration with Bisnow to deepen the understanding of the...

at 11:05
Knight Therapeutics Inc. ("Knight" or "the Company") is pleased to announce it will be recognized on The Globe and Mail's 2024 Report on Business magazine's fifth annual Women Lead Here list. This annual editorial benchmark identifies top-level...

at 11:01
Trading resumes in: Company: Horizonte Minerals Plc. TSX Symbol: HZM All Issues: Yes Resumption (ET): 11:00 AM CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are...

at 11:00
Eagle Hill Consulting has earned another top workplace award, this time selected by The Washington Business Journal as a 2024 Best Places to Work in the extra-large sized company category. Eagle Hill also has earned multiple best workplace awards...



News published on and distributed by: