Bulldog Investors Submits a Shareholder Proposal to Clough Global
January 29, 2015 at 04:00 pm
Share
On January 28, 2015, Phillip Goldstein submitted a shareholder proposal to Clough Global Equity Fund for inclusion in management's proxy materials for the 2015 meeting of stockholders: the shareholders of the Fund request that the Board of Trustees authorize a self-tender offer for all outstanding common shares of the Fund at or close to net asset value. If more than 50% of the Fund's outstanding common shares are submitted for tender, the tender offer should be cancelled and the Fund should be liquidated or converted into an exchange traded fund or an open-end mutual fund.
Clough Global Equity Fund (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide a high level of total return. The Fund is focused on achieving its objective by applying a fundamental research-driven investment process and will invest in equity securities of companies of any market capitalization and equity-related securities, including equity swaps and call options, as well as fixed income securities, including both corporate and sovereign debt, in both United States and non-United States markets. It intends to invest primarily in a managed mix of global equity securities. The Fund focuses on investing in a range of sectors, including consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, real estate, and utilities. Clough Capital Partners L.P. serves as the investment advisor of the Fund.
CLOUGH GLOBAL EQUITY FUND 
