SCHEDULE 13D DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT 7/03/17 1. NAME OF REPORTING PERSON Bulldog Investors, LLC 2. CHECK THE BOX IF MEMBER OF A GROUP a[ ] b[] 3. SEC USE ONLY 4. SOURCE OF FUNDS WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [] 6. CITIZENSHIP OR PLACE OF ORGANIZATION DE ___________________________________________________________ 7. SOLE VOTING POWER 477,734 8. SHARED VOTING POWER 640,651 9. SOLE DISPOSITIVE POWER 477,734 _______________________________________________________ 10. SHARED DISPOSITIVE POWER 640,651 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 1,118,385 (Footnote 1) 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] ___________________________________________________________ 13. PERCENT OF CLASS REPRESENTED BY ROW 11 6.34% 14. TYPE OF REPORTING PERSON IA ____________________________________________________________ 1. NAME OF REPORTING PERSON Phillip Goldstein 2. CHECK THE BOX IF MEMBER OF A GROUP a[] b[] 3. SEC USE ONLY 4. SOURCE OF FUNDS WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [] 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA ___________________________________________________________ 7. SOLE VOTING POWER 477,734 8. SHARED VOTING POWER 640,651 9. SOLE DISPOSITIVE POWER 477,734 _______________________________________________________ 10. SHARED DISPOSITIVE POWER 640,651 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 1,118,385 (Footnote 1) 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] ___________________________________________________________ 13. PERCENT OF CLASS REPRESENTED BY ROW 11 6.34% 14. TYPE OF REPORTING PERSON IN ___________________________________________________________ 1. NAME OF REPORTING PERSON Andrew Dakos 2. CHECK THE BOX IF MEMBER OF A GROUP a[ ] b[] 3. SEC USE ONLY 4. SOURCE OF FUNDS WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [] 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA ___________________________________________________________ 7. SOLE VOTING POWER 477,734 8. SHARED VOTING POWER 640,651 9. SOLE DISPOSITIVE POWER 477,734 _______________________________________________________ 10. SHARED DISPOSITIVE POWER 640,651 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 1,118,385 (Footnote 1) 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] ___________________________________________________________ 13. PERCENT OF CLASS REPRESENTED BY ROW 11 6.34% 14. TYPE OF REPORTING PERSON IN ___________________________________________________________ 1. NAME OF REPORTING PERSON Steven Samuels 2. CHECK THE BOX IF MEMBER OF A GROUP a[ ] b[] 3. SEC USE ONLY 4. SOURCE OF FUNDS WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [] 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA ___________________________________________________________ 7. SOLE VOTING POWER 477,734 8. SHARED VOTING POWER 640,651 9. SOLE DISPOSITIVE POWER 477,734 _______________________________________________________ 10. SHARED DISPOSITIVE POWER 640,651 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 1,118,385 (Footnote 1) 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] ___________________________________________________________ 13. PERCENT OF CLASS REPRESENTED BY ROW 11 6.34% 14. TYPE OF REPORTING PERSON IN _______________________________________________________ Item 1. SECURITY AND ISSUER This Schedule 13D relates to the shares of Common Stock of Clough Global Equity Fund ("GLQ" or the "Issuer"). The principal executive offices of GLQ are located at PO Box 328 Denver, CO 80201-0328 Item 2. IDENTITY AND BACKGROUND (a) This statement is filed on behalf of Bulldog Investors,LLC, (a Delaware Limited Liability Company), Phillip Goldstein, Andrew Dakos and Steven Samuels. (b) The business address of the reporting persons is Park 80 West-Plaza Two, 250 Pehle Ave., Suite 708, Saddle Brook, NJ 07663. (c) Bulldog Investors,LLC is a registered investment adviser. Messrs. Goldstein, Dakos and Samuels are control persons of Bulldog Investors,LLC. (d) n/a (e) n/a (f) Each of Messrs. Goldstein, Dakos and Samuels is a citizen of the United States. ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATIONS Shares of the Issuer have been accumulated on behalf of clients of Bulldog Investors,LLC. ITEM 4. PURPOSE OF TRANSACTION See exhibit A - Standstill agreement with the company. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) As per the N-CSRS filed on July 10,2017, there were 17,641,105 shares of common stock outstanding as of April 30, 2017. The percentages set forth herein were derived using such number. Phillip Goldstein, Andrew Dakos and Steven Samuels own Bulldog Investors, LLC, a registered investment advisor. As of July 10, 2017, Bulldog Investors, LLC is deemed to be the beneficial owner of 1,118,385 shares of GLQ (representing 6.34% of GLQ's outstanding shares) solely by virtue of Bulldog Investors LLC's power to direct the vote of,and dispose of, these shares. These 1,118,385 shares of GLQ include 477,734 shares (representing 2.71% of GLQ's outstanding shares) that are beneficially owned by Mr. Goldstein and the following entities over which Messrs. Goldstein, Dakos and Samuels exercise control: Opportunity Partners LP, Calapasas West Partners LP, Full Value Special Situations Fund, LP, Full Value Partners, LP, Opportunity Income Plus, LP, and MCM Opportunity Partners, LP (collectively,"Bulldog Investors Group of Funds"). All other shares included in the aforementioned 1,118,385 shares of GLQ beneficially owned by Bulldog Investors, LLC (solely by virtue of its power to sell or direct the vote of these shares) are also beneficially owned by clients of Bulldog Investors, LLC who are not members of any group. The total number of these "non-group" shares is 640,651 shares (representing 3.63% of GLQ's outstanding shares). (b)Bulldog Investors,LLC has sole power to dispose of and vote 477,734 shares. Bulldog Investors, LLC has shared power to dispose of and vote 640,651 shares. Certain of Bulldog Investors, LLC's clients (none of whom beneficially own more than 5% of GLQ's shares) share this power with Bulldog Investors, LLC. Messrs. Goldstein, Dakos and Samuels are control persons of Bulldog Investors, LLC. c) During the past 60 days the following shares of GLQ were sold: Date:		 Shares:		Price: 6/19/17			19,443		12.5558 d) Clients of Bulldog Investors, LLC are entitled to receive any dividends or sales proceeds. e) N/A ITEM 6. CONTRACTS,ARRANGEMENTS,UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. See Exhibit A - Stand Still Agreement ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Exhibit A After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: 7/11/2017 By: /S/ Phillip Goldstein Name: Phillip Goldstein By: /S/ Andrew Dakos Name: Andrew Dakos By: /S/ Steven Samuels Name: Steven Samuels Bulldog Investors, LLC By: /s/ Andrew Dakos Andrew Dakos, Member Footnote 1: The reporting persons disclaim beneficial ownership except to the extent of any pecuniary interest therein. Exhibit A: Standstill Agreement This Agreement is entered into as of July 10, 2017 (including the exhibits hereto, this "Agreement"), by and among Bulldog Investors, LLC ("Bulldog") and Clough Global Equity Fund (the "Trust") (the Trust, together with Bulldog, the "Parties," and each individually a "Party"). WHEREAS, the Trust is a closed-end management investment company registered under the Investment Company Act of 1940, as amended (the "1940 Act"); WHEREAS, the Trust, as of the close of business on July 10, 2017, has approximately 17,641,105 common shares of beneficial interest outstanding (the "Total Outstanding Common Shares"); WHEREAS, as of the close of business on July 10, 2017, Bulldog is the beneficial owner (as such term is used in Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the "Exchange Act")) of, in the aggregate, 1,118,385 common shares of the Trust representing approximately 6.32% of the Total Outstanding Common Shares of the Trust; WHEREAS, the Trust and Bulldog believe it is in their mutual interests for the Parties to take the actions reflected below. NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto hereby agree as follows: Section 1.	Tender Offer and Distribution Rate. 1.1.	On the basis of the representations, warranties and agreements set 	forth herein and subject to the performance by Bulldog of its covenants and other obligations hereunder and the other conditions set forth herein: (a)	The Trust shall conduct a tender offer to purchase 37.5% (the "Tender Maximum Amount") of its Total Outstanding Common Shares (the "Tender Offer"). The Tender Offer shall include the following terms: (i) shareholders shall have the 		opportunity to tender some or all of their common shares at 		a price equal to 98.5% of the Trust's net asset value per 		share ("NAV") as determined as of the close of the regular 		trading session of the New York Stock Exchange (the "NYSE") 		on the next day the NAV is calculated after the expiration 		date of the Tender Offer or, if the Tender Offer is extended, 		on the next day the NAV is calculated after the day to which 		the Tender Offer is extended, (ii) the Trust shall purchase 		common shares properly tendered and not withdrawn on a 		prorated basis up to the Tender Maximum Amount if greater 		than the Tender Maximum Amount of common shares are properly 		tendered and not properly withdrawn, (iii)the consideration 		to be paid by the Trust for common shares under the Tender 		Offer shall consist solely of cash, and (iv) if less than the 		Tender Maximum Amount of common shares have been properly 		tendered and not withdrawn, then the Trust shall only be 		obligated to purchase such amount of shares actually tendered. 		Notwithstanding anything contained in this Agreement to the 		contrary, in no event shall the Trust pay for any common shares 		tendered in the Tender Offer prior to November 5, 2017, nor 		shall the Tender Offer expire before November 5, 2017. The 		Trust will pay for any common shares tendered in the Tender 		Offer prior to November 27, 2017. (b)	The Tender Offer shall not provide for preferential treatment 		for any shareholders of the Trust. (c)	The Tender Offer shall require odd lot tenders to be subject 		to the same proration terms as tenders of 100 shares or more. (d)	Although the Trust has committed to conduct the Tender Offer 		under the circumstances set forth above, the Trust will not 		commence the Tender Offer or accept tenders of the Trust's 		common shares during any period when (i) such transactions, 		if consummated, would: (A) result in the delisting of the 		Trust's shares from the NYSE or (B)impair the Trust's status 		as a regulated investment company under the Internal Revenue 		Code of 1986, as amended (the "Code"); (ii) there is any 		(A) legal or regulatory action or proceeding instituted or 		threatened challenging such transaction, (B) suspension of or 		limitation on prices for trading securities generally on the 		NYSE or other national securities exchange(s) including the 		National Association of Securities Dealers Automated Quotation 		System ("NASDAQ") National Market System, or (c) declaration 		of a banking moratorium by federal or state authorities or any 		suspension of payment by banks in the United States; or (iii) 		the Board of Trustees of the Trust (the "Trust Board") 		determines in good faith and upon the written advice of 		counsel, that effecting any such transaction would constitute 		a breach of its fiduciary duty owed to the Trust or its 		shareholders. In the event of a delay pursuant to any of 		clauses (i), (ii) or (iii) above, the Trust will provide 		prompt written notice to Bulldog together with a detailed 		written analysis stating the reason for such delay and 		reasonable support for such determination. In the event of 		a delay pursuant to either of clauses (i) or (ii) above, the 		Trust will commence the Tender Offer as soon as practicable 		and no later than 20 days after the termination of such 		delaying event. 	(e)	The Trust shall not issue any common shares or any securities 		exchangeable or convertible into common shares prior to the 		payment of the Tender Offer proceeds. 1.2.	Beginning August, 2017, through July, 2019, the Trust will pay monthly 	distributions (subject to the limitations below), which shall be 	declared by the Trust Board in an amount stated as a percentage of the 	Trust's average monthly NAV for the month preceding the distribution as 	determined herein. The Trust will calculate the average NAV from the 	previous month by taking the simple average of the NAV of the Trust 	based on the number of business days in that month on which the NAV is 	calculated. The amount of the distribution will be calculated as 10% of 	the previous month's average NAV, divided by twelve (12). Such 	distribution shall be paid monthly unless (I) the Trust Board determines 	in good faith that the declaration or payment of such distribution would 	constitute a breach of its fiduciary duty owed to the Trust or its 	shareholders, or (II) the declaration or payment of such distribution 	would violate the 1940 Act or the Delaware Statutory Trust Act or would 	impair the Trust's status as a regulated investment company under the 	Code. Each such distribution may be sourced from income, return of 	capital and/or capital gain, to the extent permitted by the 1940 Act 	and the rules and regulations thereunder. Nothing herein shall prevent 	the Trust from paying a larger dividend or distribution if approved by 	the Trust Board. 1.3.	Beginning August, 2019, through July, 2021, the Trust will pay monthly 	distributions, which shall be declared by the Trust Board in an amount 	not less than the average distribution rate of a peer group of 	closed-end registered investment companies selected by the Trust 	Board in its reasonable judgment (the "Peer Group"). The average 	distribution rate of the Peer Group shall be calculated based on the 	simple average of each regular monthly distribution paid by the Peer 	Group during the previous three (3) calendar months prior to the 	calendar month in which materials are mailed to the Trust Board for 	the meeting at which it is scheduled to declare distributions. Any 	distribution by the Peer Group of a special, in-kind, tax related, or 	other one-time distribution shall be disregarded in making such 	calculation. No monthly distribution shall be made if (i) the Trust 	Board determines in good faith that the declaration or payment of 	such distribution would constitute a breach of its fiduciary duty owed 	 to the Trust or its shareholders, or (ii) the declaration or payment 	of such distribution would violate the 1940 Act or the Delaware 	Statutory Trust Act or would impair the Trust's status as a regulated 	investment company under the Code. Each such distribution may be 	sourced from income, return of capital and/or capital gain, to the 	extent permitted by the 1940 Act and the rules and regulations 	thereunder. Nothing herein shall prevent the Trust from paying a 	larger dividend or distribution if approved by the Trust Board. 1.4.	Bulldog covenants and agrees to tender, or caused to be tendered, 	100% of the common shares of the Trust of which it is the beneficial 	owner (as such term is used in Rule 13d-3 under the Exchange Act) in 	the Tender Offer. For the avoidance of doubt, and without limiting the 	generality of the foregoing, Bulldog covenants and agrees to tender, or 	caused to be tendered, all common shares of the Trust owned, controlled 	or held by Bulldog and its principals (including, without limitation, 	any individual principal of Bulldog named in Bulldog's Schedule 13G 	filing under the Exchange Act dated February 2, 2017 made in respect 	of Clough Global Equity Fund), partners, members, affiliated persons 	(as defined in the 1940 Act and which, for the avoidance of doubt, 	shall include (without limitation) any account or pooled investment 	vehicle now or in the future managed, advised or sub-advised by 	Bulldog or its affiliated persons) (all such persons, collectively, 	the "Bulldog Entities") as of the closing of the Tender Offer. The 	Bulldog Entities, together with the directors, officers and employees 	of Bulldog, are collectively referred to herein as the "Bulldog 	 Affiliates". 1.5.	Bulldog covenants and agrees that during the Standstill Period (as 	defined below) it will not, and it will not permit any of the Bulldog 	Affiliates to, directly or indirectly, (i) nominate or recommend for 	nomination any individual for election as a trustee at any annual or 	special meeting of shareholders of the Trust held during the Standstill 	Period, (ii) stand for election as a trustee of the Trust, (iii) submit 	any proposal for consideration at, or bring any other business before, 	any annual or special meetings of shareholders of the Trust held during 	the Standstill Period, (iv) initiate, encourage or participate in the 	solicitation of proxies or exempt solicitation, including under Rule 	14a-2(b)(1) under the Exchange Act with respect to any annual or 	special meeting of shareholders of the Trust held during the Standstill 	Period or (v) publicly or privately encourage or support any other 	person to take any of the actions described in this Section 1.5. Section 2.	Additional Agreements. 2.1.	Bulldog covenants and agrees that during the period from the date of 	this Agreement through July 10, 2021, or until such earlier time as the 	restrictions in this Section 2.1 terminate as provided in Section 4 of 	this Agreement (the "Standstill Period") it will not, and will cause 	the Bulldog Affiliates and it and their respective representatives not 	to, directly or indirectly, alone or in concert with others (including, 	by directing, requesting or suggesting that any other person take any 	of the actions set forth below), unless specifically permitted in 	writing in advance by the Trust Board, take any of the actions set 	forth below: 	(a)	effect, seek, offer, engage in, propose (whether publicly or 		otherwise and whether or not subject to conditions) or cause, 		participate in or act to or assist any other person to effect, 		seek, engage in, offer or propose (whether publicly or 		otherwise) or participate in or act to or take action with 		respect to (other than as specifically contemplated by this 		Agreement): 		(i)	any "solicitation" of "proxies" or become a 			"participant" in any such "solicitation" as such 			terms are defined in Regulation 14A under the 			Exchange Act, disregarding clause (iv) of Rule 			14a-191)(2) and including any otherwise exempt 			solicitation pursuant to Rule 14a-2(b), in each 			case, with respect to securities of the Trust 			(including, without limitation, any solicitation of 			consents to act by written consent or call a special 			meeting of shareholders); 		(ii)	knowingly encourage or advise any other person or 			assist or act to assist any person in so encouraging 			or advising any person with respect to the giving or 			withholding of any proxy, consent or other authority 			to vote (other than such encouragement or advice that 			is consistent with the Trust Board's recommendation) 			with respect to the Trust; 		(iii)	any (i) tender or exchange offer for securities of 			the Trust (aside from the Tender Offer contemplated 			by Section 1 or any other tender offer offered by the 			Trust to all shareholders), or any merger, consolidation, 			business combination or acquisition or disposition of 			assets of the Trust, or (II) recapitalization, 			restructuring, open-ending, liquidation, dissolution or 			other similar extraordinary transaction with respect to 			the Trust (it being understood that the foregoing shall 			not restrict any person from tendering common shares, 			receiving payment for common shares or otherwise 			participating in any such transaction on the same basis 			as other shareholders of the Trust or from participating 			in any such transaction that has been approved by the 			Trust Board, subject to the terms of this Agreement); 		(iv)	engage, directly or indirectly, in any short sale that 			includes, relates to or derives more than 5% of its 			value from a decline in the market price or value of 			the securities issued by the Trust; 	(b)	form, join or in any way participate in any "group" (within the 		meaning of Section 13(D)(3) of the Exchange Act) that includes 		any party that is not controlled by, controlling, or under 		common control with Bulldog or the Bulldog Funds, with respect 		to the securities of the Trust; 	(c)	deposit any securities of the Trust in any voting trust or 		subject any securities of the Trust to any arrangement or 		agreement with respect to the voting of the securities of 		the Trust, including, without limitation, lend any securities 		of the Trust to any person or entity for the purpose of allowing 		such person or entity to vote such securities in connection with 		any shareholder vote or consent of the Trust, other than any such 		voting trust, arrangement or agreement solely among the members 		of Bulldog and the Bulldog Entities; 	(d)	seek or encourage, alone or in concert with others, any person 		to submit nominations in furtherance of a "contested solicitation" 		for the election or removal of trustees with respect to the Trust; 	(e)	seek or encourage, alone or in concert with others, the removal 		or resignation of any member of the Trust Board; 	(f)	make any proposal for consideration by the shareholders of the 		Trust at any annual or special meeting of shareholders of the 		Trust or take any action (other than to vote in accordance with 		Section 2.1 and Section 2.2) with respect to any shareholder 		proposal submitted prior to the date of this Agreement; 	(g)	conduct a referendum of shareholders of the Trust, or make a 		request for a shareholder list or other books and records of 		the Trust; 	(h)	seek, alone or in concert with others, representation on the 		Board of the Trust; 	(i)	seek to control or influence the management, Board or policies 		of the Trust; 	(j)	institute, solicit, assist or join any litigation, arbitration 		or other proceeding against or involving the Trust or any of 		its current or former trustees or officers (including 		derivative actions); provided, however, that for the 		avoidance of doubt the foregoing shall not prevent Bulldog 		from (A) bringing litigation to enforce the provisions of this 		Agreement, (B) making counterclaims with respect to any 		proceeding initiated by, or on behalf of, the Trust against 		Bulldog, or (C) responding to or complying with a validly 		initiated legal process; 	(k)	make any public statement or proposal with respect to (i) any 		change in the number or term of trustees or the filling of any 		vacancies on the Trust Board, (ii) any change in the 		capitalization or distribution policy of the Trust, (iii) any 		other material change in the Trust's management, business, 		policies or trust structure, or (iv) any waiver, amendment or 		modification to the Agreement and Declaration of Trust or 		By-Laws of the Trust; 	(l)	publicly or privately disclose any intention, plan or 		arrangement inconsistent with the foregoing; 	(m)	except as specifically contemplated by this Agreement, enter 		into any discussions, negotiations, arrangements or 		understandings with any person with respect to any of the 		foregoing, or advise, assist, encourage or seek to persuade 		others to take any action with respect to any of the 		foregoing; or 	(n)	publicly, or privately in a manner that is intended to or 		would reasonably be expected to require any public disclosure 		by the Trust or Bulldog, request that the Trust, the Trust 		Board or any of their respective representatives amend or 		waive any provision of this Section 2.1 (including this 		sentence) or for the Trust Board to specifically invite 		Bulldog or any of the Bulldog Affiliates to take any of 		the actions prohibited by this Section 2.1. 	For the avoidance of doubt, during the Standstill Period, Bulldog 	and its affiliated persons may communicate privately with (a) any 	third party and (b) the Trust's trustees, officers, investment 	adviser and any sub-adviser, but in each case only so long as 	(i) such private communications are not intended to and would not 	reasonably be expected to require any public disclosure thereof 	and (ii) such private communications do not violate the terms of 	this Agreement. 2.2.	Bulldog covenants and agrees that during the Standstill Period and 	provided that it (or any of the Bulldog Entities) owns or controls 	shares, it will, and will cause the Bulldog Entities to: 	(a)	cause all shares it and the Bulldog Entities beneficially 		own as of the record date for such meeting to be counted as 		present for purposes of a quorum at any annual or special 		meeting of shareholders of the Trust; and 	(b)	vote or cause to be voted at any annual or special meeting 		of shareholders of the Trust all of the shares it and the 		Bulldog Entities beneficially own as of the record date for 		such meeting (i) in favor of any proposal with respect to 		which the Trust Board recommends a vote in favor of such 		proposal (except to the extent that the approval of such 		proposal would be materially adverse to Bulldog's investment 		in the Trust, if effectuated, as is reasonably determined by 		Bulldog) and (ii) against any proposal with respect to which 		the Trust Board recommends a vote against such proposal or 		any proposal made in opposition to, or in competition or 		inconsistent with, the recommendation of the Trust Board; 		provided, however, that notwithstanding anything herein to 		the contrary, Bulldog will, and will cause the Bulldog 		Entities to, vote as recommended by the Trust Board regarding 		any (A) person nominated by the Trust Board to serve as a 		trustee of the Trust; (B) proposal relating to the following 		actions taken by the Trust: a merger, reorganization, 		consolidation, business combination or acquisition or 		disposition of assets of the Trust, provided that such 		transaction is accomplished on the basis of the relative 		net asset values of the entities involved in the 		transactions; restructuring; recapitalization; amendments 		to the Agreement and Declaration of Trust of the Trust, 		tender offer; liquidation; dissolution; open-ending; change 		in investment policy or strategy (including, without 		limitation, any change in fundamental investment policies 		or restrictions), provided that such change in investment 		policy or strategy is not inconsistent with the investment 		strategies currently utilized by Clough Capital Partners 		L.P.; issuance of additional securities (whether common, 		preferred or debt securities), including any senior 		securities (unless any such securities are issued at a 		price below current net asset value); and the Trust's 		diversification status; provided, in each case, that such 		action does not take effect until after the Trust has made 		payment for the common shares tendered in the Tender Offer 		as required by Section 1.1 hereof; and (C) shareholder 		proposal; and provided further, however, that notwithstanding 		anything herein to the contrary, shares of the Trust held by 		Special Opportunities Fund, Inc., and any other closed-end 		investment company managed by Bulldog, may be voted in 		accordance with one of the methods prescribed in Section 		12(d)(1)(E)(iii)(aa) of the 1940 Act if required by 		applicable law. 	For the avoidance of doubt, if Bulldog or any of the Bulldog Entities 	lend any common shares of the Trust to any third party (in compliance 	with the restrictions in Section 2.1), Bulldog (or the Bulldog 	Entities, as applicable) shall recall any such stock loan in advance 	of the record date for any vote of or consent by the shareholders of 	the Trust so that Bulldog shall have full voting rights with respect 	to all such loaned shares. In no event shall Bulldog or any Bulldog 	Entity enter into any agreement with the intent of disposing, or 	resulting in the disposition of, its rights to vote any of the common 	shares of the Trust in circumvention of the requirements of this 	Section 2.2; provided, however, that a final sale of shares of the 	Trust (not coupled with any repurchase agreement or similar 	reacquisition agreement) shall not be considered a prohibited sale of 	voting rights in contravention of this Section 2.2. 2.3.	Upon request of the Trust during the Standstill Period, Bulldog will 	notify the Trust of the number of common shares beneficially owned by 	it and the Bulldog Affiliates up to one (1) time per each fiscal 	quarter of the Trust. 2.4.	Bulldog covenants and agrees that during the Standstill Period it 	will not, and will cause the Bulldog Affiliates and their respective 	representatives not to, directly or indirectly, alone or in concert 	with others (including, by directing, requesting or suggesting that 	any other person take any of the actions set forth below), unless 	specifically permitted in writing by the Trust, acquire any common 	shares of the Trust or take any action, directly or indirectly, 	including by means of any Derivative Securities (as defined below), 	which would cause Bulldog and/or the Bulldog Entities to beneficially 	own common shares of the Trust in excess of the Ownership Limit 	immediately following such acquisition or action (except to the 	extent such common shares are issued by the Trust to all existing 	shareholders), whether or not any of the foregoing may be acquired 	or obtained immediately or only after the passage of time or upon 	the satisfaction of one or more conditions (whether or not within 	the control of such party) pursuant to any agreement, arrangement 	or understanding (whether or not in writing) or otherwise and 	whether or not any of the foregoing would give rise to beneficial 	ownership (as such term is used in Rule 13d-3 under the Exchange 	Act ), and whether or not any of the foregoing is acquired or 	obtained by means of borrowing of securities, operation of any 	Derivative Security or otherwise. 	For the purposes of this Agreement: 	(i)	the term "Derivative Securities" means, with respect to 		any person, any rights, options or other securities 		convertible into or exchangeable for securities, bank 		debt or other obligations or any obligations measured by 		the price or value of any securities, bank debt or other 		obligations of such person, including without limitation 		any swaps or other derivative arrangements; 	(ii)	the term "Ownership Limit" means, at any time prior to the 		completion of the Tender Offer, 1,118,385 common shares of 		the Trust, and at any time following the completion of the 		Tender Offer means the lesser of (x) 1,118,385 common shares 		or (y) the sum of (A) 1% of the number of common shares of 		the Trust outstanding immediately following the completion 		of the Tender Offer and (B) the number of outstanding 		common shares of the Trust beneficially owned by Bulldog 		and the Bulldog Entities immediately following the 		completion of the Tender Offer (such amount to be confirmed 		in writing by Bulldog, together with a written affirmation 		by Bulldog that it has tendered 100% of its and each 		Bulldog Entity's then-owned common shares of the Trust in 		the Tender Offer). 2.5.	Bulldog represents and warrants as follows: 	(a)	It has the power and authority to execute, deliver and carry 		out the terms and provisions of this Agreement and to 		consummate the transactions contemplated hereby. 	(b)	This Agreement has been duly and validly authorized, 		executed and delivered by it and is enforceable against 		Bulldog in accordance with its terms. 	(c)	The execution and delivery of this Agreement and the 		consummation of the transactions contemplated hereby will 		not contravene any agreement, organizational document or 		provision of law applicable to it. 	(d)	Bulldog beneficially owns, directly or indirectly, and has 		the sole power to vote all the common shares of the Trust 		as described in the recitals to this Agreement, and its 		ownership of common shares of the Trust has at all times 		complied with applicable provisions of the 1940 Act. 	(e)	As of the date hereof, neither Bulldog nor any of the 		Bulldog Affiliates is a party to any Derivative 		Securities, including without limitation any swap or 		hedging transactions or other derivative agreement, or 		any securities lending or short sale arrangements, of 		any nature with respect to the common shares of the Trust. 2.6.	The Trust represents and warrants as follows: 	(a)	The Trust has the power and authority to execute, deliver 		and carry out the terms and provisions of this Agreement 		and to consummate the transactions contemplated hereby. 	(b)	This Agreement has been duly and validly authorized, 		executed and delivered by the Trust and it is enforceable 		against the Trust in accordance with its terms. 	(c)	The execution and delivery of this Agreement and the 		consummation of the transactions contemplated hereby 		will not contravene any agreement, organizational 		document or provision of law applicable to the Trust. Section 3.	Press Releases; Public Statements; Trust Merger. 3.1.	Bulldog and the Trust agree that the Trust may, in its discretion, 	issue a press release or make a similar public disclosure 	announcing (i) the entrance into and terms of this Agreement, 	(ii) the determination of the Trust Board to commence the Tender 	Offer and/or (iii) the managed distribution program, provided 	that no statement therein regarding this Agreement is 	inconsistent with the terms of this Agreement (the "Trust 	Press Release"). Bulldog shall not issue a press release in 	connection with this Agreement, the annual meeting of 	shareholders of the Trust for 2017 or the actions contemplated 	hereby without the prior written consent of the Trust. Nothing 	in this Agreement shall prevent (a) any Party from taking any 	action required by any governmental or regulatory authority 	(except to the extent such requirement arose as a result of 	the discretionary act(s) of such Party), and (b) any Party 	from making any factual statement that is required in any 	compelled testimony or production of information, either by 	legal process, by subpoena or as part of a response to a 	request for information from any governmental authority with 	jurisdiction over such Party or as otherwise legally required 	and (c)Bulldog and its affiliated persons from communicating 	with its investors and prospective investors; provided that 	such communication is otherwise consistent with this Agreement 	and the Trust Press Release. Bulldog shall promptly prepare 	and file, if necessary, any filing in respect of shares of the 	Trust required to be filed by Bulldog under the Exchange Act 	with the U.S. Securities and Exchange Commission (the "SEC") 	reporting its entry into this Agreement. 3.2.	Notwithstanding anything in this Agreement to the contrary, the 	Parties acknowledge and agree that the Trust may not effect a 	merger or reorganization with another registered investment 	company for which Clough Capital Partners L.P. serves as 	investment adviser (whether or not the Trust is the surviving 	company) at any time before the payment of the Tender Offer 	proceeds. The Parties acknowledge and agree that the Trust 	may merge or reorganize with another registered investment 	company for which Clough Capital Partners L.P. serves as 	investment adviser (whether or not the Trust is the surviving 	company) at any time after the payment of the Tender Offer 	proceeds. The Trust will ensure that the company surviving any 	such merger or reorganization with the Trust effects it in a 	manner that preserves the economic benefit of this Agreement. Section 4.	Termination. 4.1.	Notwithstanding anything herein to the contrary, if the Trust 	fails to complete the Tender Offer and distribute the proceeds 	in cash to the participating shareholders on or before December 	31, 2017 this Agreement shall terminate and be of no further 	force or effect. 4.2.	If the Trust fails to complete the monthly distributions at a 	rate of 10% (as set forth in Section 1.2) for 24 consecutive 	months (unless such failure is cured by the Trust by making the 	appropriate catch up distribution within 3 months of such failed 	distribution), this Agreement shall terminate and be of no further 	force or effect upon notice by Bulldog to the Trust specifying it 	is terminating the Agreement pursuant to Section 4.2; provided that 	Bulldog has continuously owned at least one percent (1%) of the 	then Total Outstanding Common Shares (and provided proof of 	ownership thereof). 4.3.	This Agreement remains in full force and effect until the earliest 	of: 	(a)	the expiration of the Standstill Period; 	(b)	a termination of this Agreement pursuant to Section 4.1 		or Section 4.2; and 	(c)	such other date established by mutual written agreement 		of the Trust and Bulldog. 4.4.	Section 6 survives the termination of this Agreement. No 	termination pursuant to this Section 4 relieves any Party 	from liability for any breach of this Agreement prior to such 	 termination. Section 5.	No Disparagement. 5.1.	During the Standstill Period, each Party hereto shall refrain, 	and shall cause its respective principals, directors, partners, 	general partners, members, officers, employees, affiliated 	persons and representatives to refrain, from directly or 	indirectly making disparaging remarks, comments or statements 	(including in any document or report filed with or furnished to 	the SEC or through the press, media, analysts or other persons) 	about, or taking any action reasonably likely to damage the 	reputation of, the other Party, or its respective members, 	(current or former) directors or trustees, officers, employees 	or affiliated persons (which, for the avoidance of doubt, with 	respect to (i) the Trust, shall include Clough Capital Partners 	L.P. and its directors, partners, officers, employees and 	affiliated persons), or any members of the Trust Board and 	(ii) Bulldog, shall include all employees, partners, members, 	and directors of Bulldog and all investment funds advised or 	sub-advised by Bulldog, now or in the future, including, but 	not limited to their respective directors, partners, officers 	and affiliated persons (collectively, the "Bulldog Funds")). 	Clough Capital Partners L.P. and the Bulldog Funds shall each 	be considered an express third-party beneficiary of this 	Agreement with the power and authority to enforce this 	Section 5.1. In each case, such disparaging remarks, comments 	or statements include, but are not limited to, those that 	impugn the character, honesty, integrity, morality, business 	acumen or abilities of the individual or entity being disparaged. 	The foregoing shall not apply to any compelled testimony or 	production of information, either by legal process, subpoena, 	or as part of a response to a request for information from 	any governmental authority with jurisdiction over the Party 	from whom information is sought. Section 6.	Miscellaneous. 6.1.	Remedies. Each Party hereto hereby acknowledges and agrees 	that irreparable harm will occur in the event any of the 	provisions of this Agreement were not performed in accordance 	with their specific terms or were otherwise breached. It is 	accordingly agreed that the Parties will be entitled to seek 	specific performance hereunder, including, without limitation, 	an injunction or injunctions to prevent and enjoin breaches of 	the provisions of this Agreement and to enforce specifically 	the terms and provisions hereof in any state or federal court 	in the State of Delaware, in addition to any other remedy to 	which they may be entitled at law or in equity. Any requirements 	for the securing or posting of any bond with respect to any such 	remedy are hereby waived. All rights and remedies under this 	Agreement are cumulative, not exclusive, and will be in 	addition to all rights and remedies available to any Party at 	law or in equity. 6.2.	Jurisdiction; Venue; Waiver of Jury Trial. The Parties hereto 	hereby irrevocably and unconditionally consent to and submit to 	the jurisdiction of the state or federal courts in the State of 	Delaware for any actions, suits or proceedings arising out of 	or relating to this Agreement or the transactions contemplated 	hereby. The Parties irrevocably and unconditionally waive any 	objection to the laying of venue of any action, suit or 	proceeding arising out of this Agreement, or the transactions 	contemplated hereby, in the state or federal courts in the State 	of Delaware, and hereby further irrevocably and unconditionally 	waive and agree not to plead or claim in any such court that any 	such action, suit or proceeding brought in any such court has 	been brought in an inconvenient forum. EACH OF BULLDOG AND THE 	TRUST WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, 	PROCEEDING OR COUNTERCLAIM (WHETHER BASED UPON CONTRACT, TORT 	OR OTHERWISE) IN ANY WAY ARISING OUT OF OR RELATING TO THIS 	AGREEMENT. 6.3.	Entire Agreement. This Agreement contains the entire 	understanding of the Parties with respect to the subject 	matter hereof and may be amended only by an agreement in 	writing executed by the Parties hereto. This Agreement 	supersedes all previous negotiations, representations and 	discussions by the Parties hereto concerning the subject 	matter hereof, and integrates the whole of all of their 	agreements and understanding concerning same. No prior 	oral representations or undertakings concerning the subject 	matter hereof will operate to amend, supersede, or replace 	any of the terms or conditions set forth in this Agreement, 	nor will they be relied upon. 6.4.	Section Headings. Descriptive headings are for convenience 	only and will not control or affect the meaning or 	construction of any provision of this Agreement. 6.5.	Notice. All notices, consents, requests, instructions, 	approvals and other communications provided for herein and 	all legal process in regard hereto will be validly given, 	made or served, if in writing and sent by email or facsimile, 	with a copy by personal delivery, certified mail, return 	receipt requested, or by overnight courier service to: 	If to the Trust, to: 	Clough Global Equity Fund 	c/o Clough Capital Partners L.P. 	One Post Office Square, 40th Floor 	Boston, MA 02109 	Attention: Mimi Gross, Esq. 	Facsimile: (617) 790-1546 	mgross@cloughcapital.com 	with copies to (which copies shall not constitute notice): 	Willkie Farr & Gallagher LLP 	787 Seventh Avenue 	New York, NY 10019-6099 	Attention: Jay Spinola, Esq. and Rose DiMartino, Esq. 	Fax: (212) 728-8111 	Emails: jspinola@willkie.com 	 rdimartino@willkie.com 	If to Bulldog: 	Bulldog Investors, LLC 	Park 80 West - Plaza Two, 250 Pehle Avenue, Suite 708 	Saddle Brook, NJ 07663 	Attention: Phillip Goldstein 	Email: PGoldstein@bulldoginvestors.com 6.6.	Severability. Any provision of this Agreement that is invalid 	or unenforceable in any jurisdiction will, as to such 	jurisdiction, be ineffective to the extent of such invalidity 	or unenforceability without rendering invalid or unenforceable 	the remaining provisions of this Agreement or affecting the 	validity or enforceability of any provisions of this Agreement 	in any other jurisdiction. In addition, the Parties agree to 	use commercially reasonable efforts to agree upon and substitute 	a valid and enforceable term, provision, covenant or restriction 	for any such term, provision, covenant or restriction that is 	held invalid, void or unenforceable by a court of competent 	jurisdiction. 6.7.	Governing Law. This Agreement will be governed by and construed 	and enforced in accordance with the laws of the State of 	Delaware, without regard to the conflict of law principles 	thereof. 6.8.	Binding Effect; No Assignment. This Agreement will be binding 	upon and inure to the benefit of and be enforceable by and 	against, as applicable, the successors and assigns of the 	Parties hereto. Nothing in this Agreement, expressed or implied, 	is intended to confer on any person other than the Parties 	hereto, or their respective successors and assigns any rights, 	remedies, obligations or liabilities under or by reason of this 	Agreement. No Party to this Agreement may, directly or 	indirectly, assign its rights or delegate its obligations 	hereunder (whether voluntarily, involuntarily, or by operation 	of law) without the prior written consent of the other Party. 	Any such attempted assignment will be null and void. 6.9.	Amendments; Waivers. No provision of this Agreement may be 	amended other than by an instrument in writing signed by the 	Parties hereto, and no provision hereof may be waived other 	than by an instrument in writing signed by the Party against 	whom enforcement is sought. 6.10.	No Reliance. Each Party acknowledges that it has received 	adequate information to enter into this Agreement, that is 	has not relied on any promise, representation or warranty, 	express or implied not contained in this Agreement and that 	it has been represented by counsel in connection with this 	Agreement. Accordingly, any rule of law or any legal 	decision that would provide any Party with a defense to 	the enforcement of the terms of this Agreement against such 	Party shall have no application and is expressly waived. 	The provisions of the Agreement shall be interpreted in a 	reasonable manner to effect the intent of the Parties. 6.11.	Counterparts. This Agreement may be executed in 	counterparts, each of which will be deemed an original, 	but all of which together will constitute one and the same 	instrument. Delivery of an executed signature page of this 	Agreement by email or other electronic means shall be 	effective as delivery of a manually executed counterparty 	hereof. 		[Signatures appear on next page] 	IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first above written. 				 CLOUGH GLOBAL EQUITY FUND 				 By: /s/ Edmund J. Burke 				 Name: Edmund J. Burke 				 Title: President 				 BULLDOG INVESTORS, LLC 				 By: /s/ Phillip Goldstein 				 Name: Phillip Goldstein 				 Title: Member