Note on Section 19(a) of the Clough Global Equity Fund

Statement pursuant to Section 19(a) of the Investment Company Act of 1940

DENVER, CO / ACCESSWIRE / September 30, 2024 / On September 30, 2024, Clough Global Equity Fund (NYSE American:GLQ) (the “Fund”), a closed-end fund, paid a monthly distribution on its common stock of $0.0603 per share to those of record as of the close of trading Shareholders deal on September 17, 2024.

The following table sets forth the estimated levels of sources of distributions for purposes of Section 19 of the Investment Company Act of 1940, as amended, and the related rules adopted under such Act. The Fund estimates the following percentages of the total distribution amount per share attributable to (i) net investment income for the current and prior fiscal years, (ii) net short-term realized capital gain, and (iii) net long-term realized capital gain, and (iv) return on capital or other source of capital Percentage of the total distribution amount. These percentages are disclosed for the current distribution as well as for the cumulative distribution amount per share of the fund in the current financial year.

The amounts and sources of distributions set forth in this 19(a) Notice are estimates only and are not intended for tax reporting purposes. The actual amounts and sources of amounts for tax reporting purposes will depend on the Fund's investment experience for the remainder of the fiscal year and may be subject to change due to tax regulations. The Fund will send you a Form 1099-DIV for the calendar year explaining how to report these distributions for federal income tax purposes. The Fund estimates that it has distributed more than its income and net realized capital gains; Therefore, part of your distribution may be a return of capital. For example, a return of capital can occur when all or part of the money you have invested in the fund is returned to you. A return on capital does not necessarily reflect the investment performance of the fund and should not be confused with “yield” or “income.”

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Set forth below are the return figures based on the change in the Fund's net asset value per share (“NAV”) compared to the annualized distribution rate for this current distribution as a percentage of the NAV on the last business day of the month prior to the distribution record date.

Information on the performance and distribution of the fund

Past performance is no indication of future results.

^ Based on the fund's net asset value as of August 31, 2024.

⁺The cumulative distribution rate is based on distributions paid to date for the period from November 1, 2023 to
September 30, 2024.

*The cumulative return for the current financial year is based on the change in net asset value including distributions paid and assuming reinvestment of these distributions and assuming that all rights in the rights offering of the fund for the period from November 1, 2023 to August 31, 2024 were exercised.

**The 5-year average annual total return is based on the change in net asset value including distributions paid and assuming reinvestment of such distributions and assuming that all rights in the Fund's rights offering were exercised on the last business day of the month preceding the current one Distribution deadline.

Although NAV performance may provide an indication of the Fund's investment performance, it does not measure the value of a Shareholder's investment in the Fund. The value of a shareholder's investment in the Fund is determined by the market price of the Fund, which is based on the supply and demand for the Fund's shares in the open market.

Shareholders should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's managed distribution plan.

In addition, the board of trustees examines the amount of any distribution as well as the income, capital gains or the available capital. The Board of Trustees will continue to monitor the Fund's distribution levels, taking into account the Fund's net asset value and the financial market environment. The fund's distribution policy can be changed at any time by the board of trustees. The distribution rate should not be viewed as a dividend yield or total return on an investment in the Fund.

Contact information:

Website: https://www.cloughcefs.com/
Email: [email protected]

SOURCE: Clough Global Equity Fund | GLQ