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, +1-212-306-1654, Web site: http://www.amex.com/

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