GLQ: Improved Leverage Profile And Distribution Rate [Seeking Alpha]
Clough Global Equity Fund Clough Global Equity Fund Common Shares of Beneficial Interest (GLQ)
NASDAQ:AMEX Investor Relations:
cloughglobal.com/closed-end-funds/overview/glo
Company Research
Source: Seeking Alpha
Summary GLQ has significantly reduced its leverage from 40% to 12%, making it a less volatile and more suitable fund for today's uncertain macro environment. The fund has outperformed the S&P 500 and Nasdaq in 2024, driven by strong security selection, particularly in tech and semiconductor stocks. GLQ's discount to NAV has narrowed from -20% to -14%, reflecting improved market perception and structural normalization. The fund uses Return of Capital strategically to increase equity allocation without additional leverage, supporting a sustainable 10% distribution rate. Abstract Aerial Art Thesis Clough Global Equity Fund ( NYSE: GLQ ) is an equity closed end fund we have not visited since 2022. In our last article on the name, we highlighted how the fund had a very high unsupported distribution rate and a significant amount of leverage, making it a high beta play. In light of the equity market rally in 2024, we are going to revisit this name, its structure and composit
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GLQ
Sec Filings
- 8/30/24 - Form N-PX
- 8/7/24 - Form 40-17G
- 7/3/24 - Form N-CSRS
- GLQ's page on the SEC website