On June 29, 2017, Clough Global Equity Fund sent a letter to shareholders and sets the record straight regarding disingenuous and misleading claims made by an activist shareholder. The Company stated that Saba Capital Management, L.P. and its hedge funds, are looking to make a quick profit at the expense of long term shareholders and urged shareholders to protect investment in the Fund by voting for the election of Edmund Burke, Vincent Versaci and Clifford J. Weber as Trustees.
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.