Clough Closed-End Funds Announce Expiration and Preliminary Results of Tender Offers

DENVER--()--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.

Contacts

Clough Capital Partners L.P.
Ned Burke, 303-623-2577
ned.burke@alpsinc.com
or
Fund Services Group, 877-256-8445

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