Letter from Chuck Clough

Fiscal Q1 ResultsClough global Dividend and Income fund (GLV) During the fiscal quarter ended January 31, 2018, the total return of the Clough global Dividend and Income fund (the Dividend and Income fund ), assuming the reinvestment of all dividends, was based on net asset value ( NAV ) and based on market price. The fund s blended benchmark (50% MSCI World Index and 50% Barclays US Aggregate Index) returned during the same period. During the quarter, the fund paid per share in distributions. As of January 31, 2018, the fund had a distribution rate on market price of global Equity fund (GLQ)During the fiscal quarter ended January 31, 2018, the total return of the Clough global Equity fund (the Equity fund ), assuming the reinvestment of dividends, was based on net asset value and based on market price.

Fiscal Q1 Results Clough Global Dividend and Income Fund (GLV) During the fiscal quarter ended January 31, 2018, the total return of the Clough Global Dividend and Income Fund (the “Dividend and

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  Global, Fund, Clough, Clough global

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