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13D Filing: Saba Capital and Clough Global Opportunities Fund (GLO)

Published on July 11, 2017 at 10:53 am by Insider Monkey Staff in Hedge Funds
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The Standstill Parties also agreed to abide by certain customary standstill provisions, such provisions to last until July 10, 2021 or such earlier time as such restrictions terminate pursuant to their terms.  In addition, the Reporting Persons have agreed to cause all Shares beneficially owned by them to be present for quorum purposes and to be voted consistent with the recommendation of the Board, subject to certain conditions based upon the completion of the Tender Offer.
The foregoing summary of the Standstill Agreement is qualified in its entirety by reference to the full text of the Standstill Agreement, the form of which is attached hereto as Exhibit 3 to this Schedule 13D and incorporated by reference herein.

 

Item 5. INTEREST IN SECURITIES OF THE ISSUER
Paragraphs (a) and (b) of Item 5 of the Schedule 13D are hereby amended and restated in their entireties:
(a) See rows (11) and (13) of the
cover pages to this Schedule 13D/A for the aggregate number of Shares and percentages of the Shares beneficially owned by
each of the Reporting Persons. The percentages used in this Schedule 13D/A are calculated based upon 51,559,059 Shares
outstanding as of July 10, 2017 as provided for in the Standstill Agreement, which is filed herewith as Exhibit 3.
(b) See rows (7) through (10) of the cover pages to this Schedule 13D/A for the number of Shares as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition.

 

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, Saba Capital is party to the Standstill Agreement, which is attached as Exhibit 3 to this Amendment No. 7 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: Form of Standstill Agreement, dated as of July 10, 2017.

Follow Clough Global Opportunities Fund (NYSEMKT:GLO)
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