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Clough Global Equity Fund (GLQ)

NYSE - NYSE Delayed Price. Currency in USD

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Visitors trend2W10W9M

10.08

-0.06

(-0.59%)

At close: 04:00PM EDT

10.14

+0.06

(+0.60%)

After hours:

04:04PM EDT

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W
GLV has Raytheon in it, the maker of Javelin Missiles which take out Soviet tanks.
G
They're selling more shares to raise capital. The Rights give current owners the right to buy more shares if they would like at a discount. You don't have to exercise the rights to buy more shares. Because the rights are "transferrable" you can sell the rights on the open market if you don't want to use them and pocket the proceeds from the rights sale. Sometimes companies issue "nontransferrable" rights which also allow you to buy more shares of the company at a discount, but the nontransferrable rights are not "saleable".
Bullish
e
RO income investors did very well [and continue to do so] with GLQ [Current NAV 15.35/MktPrc 15.24]. Current dividend 10.56/Month [COB Friday]....

Clough Global Equity Fund Declares Monthly Cash Distributions For July, August, And September 2021 Of $0.1341 Per Share
July 9, 2021

DENVER, July 9, 2021 /PRNewswire/ -- Today, the Board of Trustees (the "Board") for the Clough Global Equity Fund (the "Fund") has declared a monthly cash distribution of $0.1341 per common share, payable on the dates noted below. The Fund's managed distribution policy is to set the monthly distribution rate at an amount equal to one twelfth of 10% of the Fund's adjusted year-ending net asset value per share ("NAV"), which will be the average of the NAVs as of the last five business days of the prior calendar year.

Ex-Date: July 19, 2021
Record Date: July 20, 2021
Payable Date: July 30, 2021

Ex-Date: August 19, 2021
Record Date: August 20, 2021
Payable Date: August 31, 2021

Ex-Date: September 20, 2021
Record Date: September 21, 2021
Payable Date: September 30, 2021

A portion of the distribution may be treated as paid from sources other than net income, including but not limited to short-term capital gain, long-term capital gain and return of capital. The final determination of the source of all distributions, including the percentage of qualified dividend income, will be made after year-end.

Live Long and Prosper....
Bullish
e
Good Afternoon....

Keep in mind that GLQ will be having a "RO" shortly [Rights Offering] and unless you buy the minimum required shares, you will have "dilution in your current value". RO's, for those not aware of RO's, dilute one's value in a security because of the additional shares being added to the security in question. Many income oriented investors who currently do not have shares will buy enough shares to take advantage of the RO [date wise] when "formally" announced and the clarification of the RO becoming better known....

Currently I show some good numb3rs for GLQ with a Report card Grade of 79 [0-100] and a Star Rating of "10" [0-10]. GLQ has a good discount waiting for the RO. Some income investors, dependent on the RO definition by GLQ, will "LOAD UP" their current shares to maximum allowable for one's portfolio....

GLQ pays a "DISTRIBUTION"* [not a dividend] each month and the amount of the distribution to shareholders will vary dependent on the "NAV". In June, GLQ "reduced" their distribution to $0.1126 [$1.3512/Yr] for the month and is currently paying a 10.64% distribution....

*Distributions are composed of Long Term CapGains, Short Term CapGains, Dividends, and ROC [return of capital]....

One single opinion of the many I am sure....

Have a "GREAT" week....
Live Long and Prosper....
Best Regards/Eddie....
K
Cut has largely been priced in.
Trading well below its NAV.
I expect that’ll remedy itself before long, so I’m buying in small lots
P
time to buy some more. I prefer to get 11% yield though.
k
Thinking of investing here. Any reasons not to?
d
TDAmeritrade does not honor GLQ's distributing agent's drip. My question is this...which brokers do? Can i force TD to by order of putting those holdings in my name vs. "street name"?
Thanks one and all in advance!
k
What's up today?
R
Why is it going down before x-dividend? Losing value daily.
k
Greg
OK, so we can do nothing? If you buy more shares what is the discount?
How do you sell your rights, is it worth it?
M
Do you get a K-1 if you buy this security? I really hate K-1s
M
It looks like there is some selling going on by the institutions.
At today's 11.14% dividend yield I'll happily buy more
Bullish
M
Reason imho for the divvie cut. When you see the NAV TOTAL RETURN at a negative 5 and the NAV DISTRIBUTION is + 10% that's a dead give away for div instability. Selling began in late November......good luck all
Y
GLQ reached a 52 Week low at 13.30
e
If a investor had a previous position in GLQ, they have done exceedingly well. The Rights Offering ended with a MktPrc of 13.56 and the current MktPrc is currently 14.73 with a NAV of 15.55. The next "test" for GLQ will be in their [possibly new] distribution announcement [against their previous 3-month announcement of $0.1341/Monthly before the RO in April]. The announcement is expected before 4/15....
Eddie
Bullish
e
Good Afternoon....
GLQ is one of the best investments for income portfolio's. Good distribution with a rising MktPrc going forward....
Currently, looking at my analysis [single opinion], GLQ has a report card grade of 97 [0-100 rating system] with a current performance star rating of "10" [0-10 rating system] and a Rf [risk factor to our portfolio's] of +0.631[0-1.00 rating system]. Add to this that the current "NAV" is 11.62 with a MktPrc of 10.05 [@ a major discount of +1.16] with a distribution of 13.18%, and with little investor interest of only +0.06....

Disclosure: Currently some of us are adding additional shares of GLQ [dollar cost averaging "UP"] to our portfolio's....

Good for income portfolio builders....

One single opinion of the many I am sure....
Bullish
E
Good Afternoon....

GLQ remains one of the best investments for income portfolio's. Good distribution with a rising MktPrc going forward....

Currently, looking at my current analysis [single opinion], GLQ has a report card grade of 99 [0-100 rating system] with a current performance star rating of "10" [0-10 rating system], a 13wk star rating of 9.86stars, and a Rf [risk factor to our portfolio's] of +1.149 [0-0.935 rating system]. Add to this that the current "NAV" is now 13.35 from 11.62 [last post] with a MktPrc of 11.50 from 10.05 [with a continuing major discount of +1.16 (Income investors not yet buying)] with a distribution of 11.52% from 13.18%, [MktPrc rising] and with investor interest now building to +0.14....

GLQ pays $0.1104 each monthly with x-div 7/20, 8,20, 9/17 and pays on 7/31, 8/31, 9/30. Time is running out for the 7/20 x-div for anyone with any [analysis] interest....

Disclosure: Currently some of us now have a higher portfolio with a risk phase #5 position....

Good for income portfolio builders....
One single opinion of the many I am sure....
Bullish
R
Can anyone tell me what " transferable rights offering" is? My account showed GLQ/RT today and amount deposited.
F
Probably because it is at a premium and significantly over the average discount.