0001504304-19-000026.txt : 20191223
0001504304-19-000026.hdr.sgml : 20191223
20191223144213
ACCESSION NUMBER: 0001504304-19-000026
CONFORMED SUBMISSION TYPE: SC 13D/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20191223
DATE AS OF CHANGE: 20191223
GROUP MEMBERS: ANDREW DAKOS
GROUP MEMBERS: BULLDOG INVESTORS, LLC
GROUP MEMBERS: PHILLIPGOLDSTEIN
GROUP MEMBERS: STEVEN SAMUELS
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: BrandywineGLOBAL-Global Income Opportunities Fund Inc
CENTRAL INDEX KEY: 0001504545
IRS NUMBER: 000000000
STATE OF INCORPORATION: MD
FISCAL YEAR END: 0131
FILING VALUES:
FORM TYPE: SC 13D/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-87255
FILM NUMBER: 191305248
BUSINESS ADDRESS:
STREET 1: 620 EIGHTH AVENUE
STREET 2: 49TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10018
BUSINESS PHONE: (888) 777-0102
MAIL ADDRESS:
STREET 1: 620 EIGHTH AVENUE
STREET 2: 49TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10018
FORMER COMPANY:
FORMER CONFORMED NAME: Legg Mason BW Global Income Opportunities Fund Inc.
DATE OF NAME CHANGE: 20101028
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: Bulldog Investors, LLC
CENTRAL INDEX KEY: 0001504304
IRS NUMBER: 270926182
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
BUSINESS ADDRESS:
STREET 1: PARK 80 WEST - PLAZA TWO
STREET 2: 250 PEHLE AVE. SUITE 708
CITY: SADDLE BROOK
STATE: NJ
ZIP: 07663
BUSINESS PHONE: 201 556-0092
MAIL ADDRESS:
STREET 1: PARK 80 WEST - PLAZA TWO
STREET 2: 250 PEHLE AVE. SUITE 708
CITY: SADDLE BROOK
STATE: NJ
ZIP: 07663
FORMER COMPANY:
FORMER CONFORMED NAME: Brooklyn Capital Management LLC
DATE OF NAME CHANGE: 20101026
SC 13D/A
1
thirda.txt
SCHEDULE 13D/A
DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT
12/23/19
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
26,518
8. SHARED VOTING POWER
1,013,141
9. SOLE DISPOSITIVE POWER
26,518
_______________________________________________________
10. SHARED DISPOSITIVE POWER
1,013,141
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
1,039,659(Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
4.95%
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
26,518
8. SHARED VOTING POWER
1,389,611
9. SOLE DISPOSITIVE POWER
26,518
_______________________________________________________
10. SHARED DISPOSITIVE POWER
1,389,611
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
1,416,129 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
6.75%
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
26,518
8. SHARED VOTING POWER
1,389,611
9. SOLE DISPOSITIVE POWER
26,518
_______________________________________________________
10. SHARED DISPOSITIVE POWER
1,389,611
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
1,416,129 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
6.75%
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
26,518
8. SHARED VOTING POWER
1,013,141
9. SOLE DISPOSITIVE POWER
26,518
_______________________________________________________
10. SHARED DISPOSITIVE POWER
1,013,141
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
1,039,659 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
4.95%
14. TYPE OF REPORTING PERSON
IN
_______________________________________________________
Item 1. SECURITY AND ISSUER
This statement constitutes Amendment #1 to the schedule 13d
filed September 30, 2019. Except as specifically set forth
herein, the Schedule 13d remains unmodified.
ITEM 4. PURPOSE OF TRANSACTION
See exhibit A - Letter to the Secretary.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As per the N-CSRS filed on June 26, 2019, there were 20,989,795 shares
of common stock outstanding as of April 30, 2019. 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 December 20, 2019, Bulldog Investors, LLC is deemed to be the beneficial
owner of 1,039,659 shares of BWG (representing 4.95% of BWG's outstanding
shares) solely by virtue of Bulldog Investors LLC's power to direct the vote
of,and dispose of, these shares. These 1,039,659 shares of BWG include 26,518
shares (representing 0.13% of BWG's outstanding shares) that are beneficially
owned by Mr. Goldstein and Mr.Samuels.
All other shares included in the aforementioned 1,039,659 shares of BWG
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 1,013,141 shares (representing 4.83% of
BWG's outstanding shares).
As of December 20,2019, each of Messrs. Goldstein and Dakos is deemed to be
the beneficial owner of 1,416,129 shares of BWG (representing 6.75% of BWG's
outstanding shares) by virtue of their power to direct the vote of, and
dispose of, these shares.
(b)Bulldog Investors,LLC has sole power to dispose of and vote 26,518 shares.
Bulldog Investors, LLC and Messrs. Goldstein, Samuels and Dakos have shared
power to dispose of and vote 1,013,141 shares. Certain of Bulldog Investors,
LLC's clients (none of whom beneficially own more than 5% of BWG's shares)
share this power with Bulldog Investors, LLC. Messrs.Goldstein, Dakos and
Samuels are members of Bulldog Investors, LLC. Messrs. Goldstein and Dakos
have shared power to dispose of and vote an additional 376,470 shares.
c) During the past 60 days the following shares of BWG were purchased:
Date: Shares: Price:
11/27/19 500 12.2700
12/03/19 500 12.2200
d) Clients of Bulldog Investors, LLC, Messrs. Goldstein and Samuels, and an
account managed by Messrs.Goldstein and Dakos 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
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: 12/23/2019
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:
Phillip Goldstein
60 Heritage Drive, Pleasantville, NY 10570
(914) 747-5262 // pgoldstein@bulldoginvestors.com
December 23, 2019
BrandywineGLOBAL - Global Income Opportunities Fund Inc.
620 Eighth Avenue, 49th Floor
New York, New York 10018
Attention: Robert I. Frenkel, Secretary and Chief Legal Officer
Dear Mr. Frenkel:
I beneficially own 20,783 shares of BrandywineGLOBAL - Global Income
Opportunities Fund Inc. (the "Fund"), which have been purchased from
time to time beginning on September 28, 2015, and of which 100 shares
are registered and the balance held in street name at StockCross, Schwab,
and Pershing. Pursuant to Section 5(a) of Article II of the Fund's
Amended and Restated Bylaws, I hereby give notice that I intend to
present the three nominees for Director listed below and one proposal
(in addition to the Rule 14a-8 proposal I submitted in September) at the
Fund's 2020 annual meeting of stockholders. Each nominee may be contacted
by writing to him c/o Bulldog Investors, LLC, 250 Pehle Avenue, Suite 708,
Saddle Brook, NJ 07663. No proposed nominee is an interested person of the
Fund or has any arrangements or understandings with any person, and there
is no family relationship between any proposed nominee and any affiliated
person of the Fund. In addition, no proposed nominee has a material
business or professional relationship with the Fund or any other fund with
the same investment adviser, the principal executive officer of the Fund or
of any other fund with the same investment adviser, the Fund's investment
adviser, or any controlling person of such investment adviser. Mr. Dakos
does not personally own any shares. Mr. Das beneficially owns 850 shares.
Bulldog's and my personal investment strategy is to earn a good risk-
adjusted rate of return.
Phillip Goldstein (born 1945) - Managing Member of Bulldog Investors,
LLC (and its predecessor), an SEC-registered investment adviser that
serves as the investment adviser to, among other clients, the Bulldog
Investors group of private investment funds and Special Opportunities
Fund, Inc., a registered closed-end investment company; Principal of
the general partner of several private investment partnerships in the
Bulldog Investors group of private funds; Chairman of the Mexico Equity
& Income Fund, Inc.; Secretary and Chairman of Special Opportunities
Fund, Inc.; Director of MVC Capital, Inc.; Director of Brookfield DTLA
Fund Office Trust Investor; Secretary, Chairman, and member of the
Transitional Investment Committee of High Income Securities Fund
(f/k/a Putnam High Income Securities Fund); Director of The Swiss
Helvetia Fund, Inc; Trustee of Crossroads Liquidating Trust; Chairman
of Emergent Capital, Inc. (until 2017).
Andrew Dakos (born 1966) - Managing Member of Bulldog Investors, LLC,
an SEC-registered investment adviser that serves as the investment
adviser to, among other clients, the Bulldog Investors group of private
investment funds and Special Opportunities Fund, Inc., a registered
closed-end investment company; Principal of the general partner of
several private investment partnerships in the Bulldog Investors group
of private funds; President and Director of Special Opportunities Fund;
President and Chairman of The Swiss Helvetia Fund, Inc; President,
Trustee and member of the Transitional Investment Committee of High
Income Securities Fund (f/k/a Putnam High Income Securities Fund);
Director of Brookfield DTLA Fund Office Trust Investor, Inc.; Trustee
of Crossroads Liquidating Trust; Director of Emergent Capital, Inc.
(until 2017); Director of the Mexico Equity & Income Fund (until 2015).
Rajeev Das (born 1968) - Principal of the general partner of several
private investment partnerships in the Bulldog Investors group of
private investment funds; Head Trader of Bulldog Investors, LLC, an
SEC-registered investment adviser that serves as the investment adviser
to, among other clients, the Bulldog investors group of private
investment funds and Special Opportunities Fund, Inc., a registered
closed-end investment company; Director and Chairman of the Audit
Committee of the Mexico Equity & Income Fund; Trustee and member of
the Transitional Investment Committee of High Income Securities Fund
(f/k/a Putnam High Income Securities Fund); Vice President of Special
Opportunities Fund, Inc.; Secretary of The Swiss Helvetia Fund, Inc.
The non-binding proposal I intend to present is as follows:
The Board should amend the bylaws to provide that in a contested
election, a majority of the votes cast in the election of directors
shall be required to elect a director. The purpose of this proposal
is to minimize the possibility of having a failed election and holdover
directors.
None of the actions mentioned in Section 5(a)(iii)(C) or (D) of Article II
are applicable and Sections 5(a)(v) and (vi) are not applicable. Bulldog
Investors, LLC, an investment adviser of which I am a Managing Member, and
its affiliated persons beneficially own a total of approximately 6.75% of
the Fund's shares.
Please advise me as soon as possible if you have any questions or concerns.
Thank you for your prompt attention to this matter.
Sincerely yours,
/S/Phillip Goldstein
Phillip Goldstein