Today, Clough Global Opportunities Fund (AMEX: GLO) (the “Fund” and together with the Clough Global Allocation Fund (AMEX: GLV) and the Clough Global Equity Fund (AMEX: GLQ) the “Funds”) is pleased to announce the redemption of all outstanding shares of certain series of Auction Market Preferred Shares (the “AMPS”) at par, as set forth below, in their entirety pursuant to their terms.
|
Series and
CUSIP Number |
Total Liquidation
Preference | Redemption Date | ||
| GLO Series W7 (Cusip: 18914E304) | $90,000,000 | May 1, 2008 |
The Funds intend to redeem all outstanding shares of the remaining series of AMPS at par, as set forth below, in their entirety pursuant to their terms.
|
Series and
CUSIP Number |
Total Liquidation
Preference | Redemption Date | ||
| GLQ Series F7 (Cusip: 18914C308) | $75,000,000 | May 5, 2008 | ||
| GLO Series F7 (Cusip: 18914E403) | $90,000,000 | May 5, 2008 | ||
| GLO Series T28 (Cusip: 18914E502) | $90,000,000 | May 7, 2008 | ||
| GLV Series W28 (Cusip: 18913Y202) | $95,000,000 | May 22, 2008 | ||
| GLO Series Th28 (Cusip: 18914E601) | $90,000,000 | May 23, 2008 |
The Funds have already redeemed all outstanding shares of the following series of AMPS at par, in their entirety pursuant to their terms.
|
Series and
CUSIP Number |
Total Liquidation
Preference | Redemption Date | ||
| GLQ Series M28 (Cusip: 18914C209) | $100,000,000 | April 29, 2008 | ||
| GLO Series M7 (Cusip: 18914E205) | $90,000,000 | April 29, 2008 |
Each Fund has obtained overnight collateralized financing from a financial institution to provide new funding to redeem the AMPS and provide up to 33% leverage to the Funds going forward. Each of the Fund’s Board of Trustees has approved the refinancing which is expected to lower the costs of leverage for the Funds. Each Fund’s obligation to redeem the AMPS shares is subject to having sufficient funds available to it from its borrowing arrangement to finance the redemption.
More information on the Funds can be found at www.cloughglobal.com or by calling 877-256-8445.
The Funds are closed-end fund mutual funds. Closed-end funds do not continuously issue shares for sale as open-end mutual funds do. Since the initial public offerings, the Clough Global Funds now trade in the secondary market. Investors wishing to buy or sell shares need to place orders through an intermediary or broker.
Contacts:
ALPS Fund Services
