|
|
Article: ALPS Fund Services Announces AMPS Solution for the Clough Global Closed-End Funds.
- Article from:
- Business Wire
- Article date:
- April 9, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
DENVER -- ALPS Fund Services, Inc., in conjunction with Clough Capital Partners, LP, announced that the Clough Global Allocation Fund (AMEX: GLV), Clough Global Equity Fund (AMEX: GLQ), and Clough Global Opportunities (AMEX: GLO) (each a "Fund" and collectively, the "Funds") intend to redeem all outstanding shares of AMPS at par in their entirety pursuant to their terms. 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 ...