American Stock Exchange Lists Clough Global Allocation Fund

American Stock Exchange Lists Clough Global Allocation Fund
Clough Capital Partners L.P. Launches First Closed-End Fund On Amex 


NEW YORK, July 28  /PRNewswire/ -- The American Stock Exchange(R) (Amex(R))
today began trading common shares of the Clough Global Allocation Fund under
the symbol GLV.

Clough Global Allocation Fund is a newly organized, non-diversified, closed-end
management investment company.  The Fund's investment objective is to provide a
high level of total return.  The Fund seeks to pursue this objective by
applying a fundamental research-driven investment process and will invest in
equity and equity-related securities, as well as fixed income securities,
including both corporate and sovereign debt, in both U.S. and non-U.S. markets.
 Clough Capital Partners L.P. will act as the Fund's investment advisor and
ALPS Mutual Funds Services, Inc. will serve as the administrator to the Fund. 
Charles I. Clough, Jr. is lead portfolio manager of the fund.  Prior to
founding Clough Capital Partners L.P. in 2000, Mr. Clough served as Chief
Global Investment Strategist at Merrill Lynch, where he was responsible for
directing the global investment strategy research effort for one of the world's
largest investment firms.

"We are very pleased to welcome Clough Capital Partners and their first
closed-end fund to the American Stock Exchange," said Tom Rzepski, vice
president of the Amex's closed-end fund business.  "With our longstanding
partnership with the fund's administrator, ALPS Mutual Funds Services, the Amex
looks forward to continuing to collaborate with ALPS while further enhancing
our relationship with Clough Capital Partners to bring additional investment
opportunities to our marketplace."

"We are pleased for the opportunity to list the Clough Global Allocation Fund
on the American Stock Exchange and look forward to our ongoing relationship,"
said Charles I. Clough, Jr., Chairman and Chief Executive Officer, Clough
Capital Partners L.P.

The Board of Trustees is issuing 8,750,000 million common shares at an initial
price of $20 per share, resulting in gross proceeds of $175 million (exclusive
of the underwriters' over allotments).  The fund is advised by Clough Capital
Partners L.P. and the administrator of the fund is ALPS Mutual Funds Services. 
The lead managers of the underwriting syndicate are Merrill Lynch, Pierce,
Fenner & Smith Incorporated and Raymond James & Associates, Inc.  The
specialist for the Clough Global Allocation Fund is Kellogg Capital Group, LLC.

The American Stock Exchange currently lists 149 closed-end funds with over $24
billion in assets.  For additional information on this fund or other
Amex-listed closed-end funds, please call 1-800-THE-AMEX.

The American Stock Exchange(R) (Amex(R)) is the only primary exchange that
offers trading across a full range of equities, options and exchange traded
funds (ETFs), including structured products and HOLDRS(SM).  In addition to its
role as a national equities market, the Amex is the pioneer of the ETF,
responsible for bringing the first domestic product to market in 1993. Leading
the industry in ETF listings, the Amex lists 138 ETFs.  The Amex is also one of
the largest options exchanges in the U.S., trading options on broad-based and
sector indexes as well as domestic and foreign stocks.  For more information,
please visit http://www.amex.com/ . 

DATASOURCE: The American Stock Exchange



CONTACT:  Lynn Duffy of the American Stock Exchange, [phone],





Web site:  http://www.amex.com/ 

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