other material
confidence high
sentiment positive
materiality 0.55
Clough Global Equity Fund and two affiliates renew 5% open-market share repurchase programs through June 2027
Clough Global Equity Fund
- Boards approved renewal of share repurchase programs for GLQ, GLO, and GLV: each may buy up to 5% of outstanding common shares.
- Programs run through June 30, 2027, originally approved June 2023 and renewed annually.
- Since June 2023 through May 30, 2026: GLV repurchased 299,900 shares, GLQ 386,500, GLO 779,500.
- Repurchases intended to enhance shareholder value when shares trade at a discount to net asset value.
- Timing and amounts at Adviser's discretion; no assurance of repurchase at any particular discount levels.