There may be some debate as to whether activist shareholders are good for the long-term health of companies, but there is no debating their results. In 2012, 2013, and 2014, activist investment strategies returned 9.3%, 19.2%, and 8.5% respectively per year. While new activist positions may not be moving the needle quite as much as they once were, the market still values activist involvement in companies. In this article, we reveal one of the latest activist filings, issued by Bulldog Investors, managed by Phillip Goldstein, Andrew Dakos and Steven Samuels, disclosing the latest information regarding the activist’s position in the Nuveen Global Equity Income Fund (NYSE:JGV). The filing is embedded in its entirety below and on the following pages.
You can access the original SEC filing by clicking here.
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Page 1 of 1 SEC Filing
SCHEDULE 13D/A
DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT
1/22/16
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
812,928
8. SHARED VOTING POWER
704,940
9. SOLE DISPOSITIVE POWER
812,928
_______________________________________________________
10. SHARED DISPOSITIVE POWER
704,940
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
1,517,868 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
7.97%
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
812,928
8. SHARED VOTING POWER
704,940
9. SOLE DISPOSITIVE POWER
812,928
_______________________________________________________
10. SHARED DISPOSITIVE POWER
704,940
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
1,517,868 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
7.97%
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
812,928
8. SHARED VOTING POWER
704,940
9. SOLE DISPOSITIVE POWER
812,928
_______________________________________________________
10. SHARED DISPOSITIVE POWER
704,940
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
1,517,868 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
7.97%
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
812,928
8. SHARED VOTING POWER
704,940
9. SOLE DISPOSITIVE POWER
812,928
_______________________________________________________
10. SHARED DISPOSITIVE POWER
704,940
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
1,517,868 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
7.97%
14. TYPE OF REPORTING PERSON
IN
_______________________________________________________
Item 1. SECURITY AND ISSUER
This statement constitutes Amendment #2 to the schedule 13d
filed December 14, 2015. Except as specifically set forth
herein, the Schedule 13d remains unmodified.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As per the N-CSRS filed on September 8, 2015, there were 19,036,709 shares
of common stock outstanding as of June 30, 2015. 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 January 22, 2016, Bulldog Investors, LLC is deemed to be the beneficial
owner of 1,517,868 shares of JGV (representing 7.97% of JGV’s outstanding
shares) solely by virtue of Bulldog Investors LLC’s power to direct the vote
of,and dispose of, these shares. These 1,517,868 shares of JGV include 812,928
shares (representing 4.27% of JGV’s outstanding shares) that are beneficially
owned by 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 Offshore Fund, Ltd.,
Opportunity Income Plus, Full Value Partners, LP, and MCM Opportunity
Partners, LP (collectively, “Bulldog Investors Group of Funds”). Bulldog
Investors Group of Funds may be deemed to constitute a group. All other shares
included in the aforementioned 1,517,868 shares of JGV 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 704,940 shares (representing 3.70% of JGV’s outstanding
shares).
(b)Bulldog Investors,LLC has sole power to dispose of and vote 812,928 shares.
Bulldog Investors, LLC has shared power to dispose of and vote 704,940 shares
Certain of Bulldog Investors, LLC’s clients (none of whom beneficially own more
than 5% of JGV’s shares) share this power with Bulldog Investors, LLC. Messrs.
Goldstein, Dakos and Samuels are control persons of Bulldog Investors, LLC.
c) Since the last filing on 1-14-16 the following shares of JGV were purchased:
Date: Shares: Price:
01/04/16 13,204 10.6756
01/05/16 14,882 10.7889
01/06/16 3,700 10.7696
01/14/16 25,000 10.1919
01/15/16 38,300 9.7953
01/19/16 63,384 9.7683
01/20/16 39,828 9.3114
01/21/16 9,649 9.5200
01/22/16 2,000 9.7450
01/22/16 6,529 9.7366
The following shares were sold:
01/12/16 (9,580) 10.5396
01/14/16 (7,972) 10.2000
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.
N/A
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None
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: 1/25/16
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.
