2009-01-12 21:40:02 -

Today, the Clough Global Equity Fund (NYSE Alternext US: GLQ) declared a quarterly cash distribution of $0.31 per common share for January 2009. The dividend will be payable on January 30, 2009 to shareholders of record on January 16, 2009.


Clough Global Equity Fund Cash Distribution


Ex-Date: January 14, 2009

Record Date: January 16, 2009

Payable Date: January

30, 2009


The Fund has approximately $394 million in total assets, the net asset value was $12.82 per share and the market price was $10.65 as of January 6, 2009. Subject to market conditions, the Fund intends to distribute subsequent regular quarterly cash distributions.


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 in 2009, including the percentage of qualified dividend income, will be made after year-end.


The Clough Global Equity Fund


The Fund is a closed-end fund with an investment objective of providing a high level of total return. It intends to achieve this objective by applying a fundamental research-driven investment process, investing in equity and equity-related securities, 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.


Clough Capital Partners L.P.


Clough is a Boston-based investment advisory firm which manages approximately $2.1 billion in assets: $500 million in hedge fund and institutional accounts and $1.6 billion in three closed-end funds - Clough Global Allocation (GLV), Clough Global Equity (GLQ), and the Clough Global Opportunities Fund (GLO). The firm uses a global and theme-based approach and invests in securities on a global basis. Clough was founded in 2000 by Chuck Clough and partners James Canty and Eric Brock. These three are the portfolio managers for the Clough Global Equity Fund.


An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus which contains this and other information visit www.cloughglobal.com or call 877-256-8445. Read the prospectus carefully before investing.


The Clough Global Equity Fund is a closed-end fund and closed-end funds do not continuously issue shares for sale as open-end mutual funds do. Since the initial public offering, the Fund now trades in the secondary market. Investors wishing to buy or sell shares need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market's value.








Clough Global Equity Fund

Ned Burke, 303-623-2577