American Stock Exchange Launches Clough Global Opportunities Fund By Clough Capital Partners L.P. And Alps Mutual Funds Service

Clough Capital Partners L.P. With Alps Mutual Funds Services, Inc. Launches Third Closed-End Fund On The Amex 


NEW YORK, April 26  /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) announced today that it has launched trading in the Clough Global Opportunities Fund under the trading symbol GLO.

This is the third closed-end fund listed on the Amex by Clough Capital Partners L.P. and ALPS.

The Clough Global Opportunities Fund seeks investment results that provide a high level of total return.

"We are pleased for the opportunity to list the Clough Global Opportunities 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.

"We are excited to welcome Clough Capital Partners L.P. back to the Amex for their third closed-end fund listing," said Tom Rzepski, Vice President of the Amex's closed-end fund business. "With our longstanding partnership with the fund's administrator and sponsor, ALPS Mutual Funds Services, the Amex looks forward to continuing to collaborate with ALPS while enhancing our relationship with the Clough Capital Partners team to bring new investment opportunities to the market.  We are looking forward to their continued success."

The Fund applies a fundamental research-driven investment process, and will invest in equity and equity-related securities, as well as fixed income securities, including corporate and sovereign debt in both U.S. and non-U.S. market. The Fund has the ability to employ leverage up to 33% of total assets and short securities up to 30% of total assets. The Clough Global Opportunities Fund is sponsored by ALPS Mutual Fund Services, Inc.  ALPS in conjunction with Clough Capital Partners, L.P., raised the assets for the fund's initial public offering, ALPS also provides support services for the fund.

"We could not be more pleased with the success of the IPO and our relationships with Clough Capital Partners, L.P.," said Ned Burke, President and Director of ALPS.

The Fund is issuing 45 million common shares at an initial price of $20 per share, resulting in gross proceeds of $900 million, exclusive of the underwriters' over-allotments. The lead manager of the underwriting syndicate was Merrill Lynch & Co.  The co-lead managers were Citigroup, A.G. Edwards and Raymond James. The specialist for GLO is Kellogg Capital Group, LLC.

About the American Stock Exchange

The American Stock Exchange(R) (Amex(R)) is the only primary listing exchange that offers trading across a full range of equities, options, and exchange traded funds (ETFs), including structured products, and HOLDRS(SM). The Amex pioneered the ETF, and is responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex, to date, lists 165 ETFs. The Amex also lists and trades options on broad-based and sector indexes as well as domestic and foreign stocks.

Clough Capital Partners L.P.

Clough Capital is a Boston-based investment management firm that uses a theme-based fundamental investment process for closed-end funds, hedge funds, institutions and high net worth individuals. Based on experience and sound research, the investment management team identifies themes around the globe and has the flexibility to invest long or short to take advantage of specific investment themes. Clough was founded in 2000 by Chuck Clough and partners James Canty and Eric Brock. The three partners act as portfolio managers for the Clough Global Equity Fund.

ALPS Mutual Funds Services Inc.,

In its 20th year of business, ALPS Mutual Funds Services, Inc. is a Denver-based outsourcing solution for administration, fund accounting, transfer agency and shareholder services for open-end funds, closed-end funds and exchange-traded funds. ALPS has approximately $12 billion in client mutual fund assets under administration. ALPS Distributors, Inc. provides distribution services and has approximately $120 billion in client assets under distribution. For more information, visit http://www.alpsinc.com/. 

DATASOURCE: American Stock Exchange



CONTACT:  Renee Rossi of American Stock Exchange, [phone],

 



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

http://www.alpsinc.com/ 

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