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13D Filing: Saba Capital and Adventaymore Enhanced Growth & Income Fund (LCM)

Published on May 15, 2017 at 12:57 pm by Insider Monkey Staff in Hedge Funds
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Page 4 of 7 – SEC Filing

This Amendment No. 4 (“Amendment No.
4”) amends and supplements the statement on Schedule 13D filed with the Securities and Exchange Commission (the “SEC”)
on April 26, 2016 (the “Original Schedule 13D”), Amendment No. 1 filed with the SEC on January 11, 2017 (“Amendment
No. 1”), Amendment No. 2 filed with the SEC on May 2, 2017 (“Amendment No. 2”), and Amendment No.
3 filed with the SEC on May 4, 2017 (“Amendment No. 3,” and together with this Amendment No. 4, Amendment No.
1, Amendment No. 2 and the Original Schedule 13D, the “Schedule 13D”) with respect to the
shares of common stock, $0.001 per share (the “Shares”), of Advent/Claymore
Enhanced Growth & Income Fund (the “Issuer”). This Amendment
No. 4 amends Items 4, 6 and 7 as set forth below.

 

Item 4. PURPOSE OF TRANSACTION
Item 4 of the Schedule 13D is hereby amended and supplemented by the addition of the following:
On May 12, 2017, the Reporting Persons entered into an amendment to the Standstill Agreement (the “Standstill Agreement Amendment No. 1”) with the Issuer whereby the parties agreed to amend and restate certain terms of Standstill Agreement related to the Tender Offer, such that (i) the consideration for the Tender Offer will be in cash and (ii) the Tender Offer will be completed on or before August 15, 2017 or else the Standstill Agreement will immediately terminate. The foregoing summary of the Standstill Agreement Amendment No. 1 is qualified in its entirety by reference to the full text of the Standstill Agreement No. 1, which is attached hereto as Exhibit 3 to this Schedule 13D and incorporated by reference herein.

 

Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER
Item 6 of the Schedule 13D is hereby amended and supplemented by the addition of the following:
As described further in Item 4 hereto, the Reporting Persons are party to the Standstill Agreement Amendment No. 1, which is attached as Exhibit 3 to this Amendment No. 4 and is incorporated by reference herein.

 

Item 7. EXHIBITS
 
  Item 7 of the Schedule 13D is hereby amended and supplemented by the addition of the following:
 
Exhibit Description
   
Exhibit 3: Standstill Agreement Amendment No. 1, dated as of May 12, 2017.

 

 

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