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

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Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Saba Capital Management 0 6,627,466 6,627,466 12.85%
Boaz R. Weinstein 0 6,627,466 6,627,466 12.85%

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Page 1 of 6 – SEC Filing


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934
(Amendment No. 5)

Clough Global Opportunities
Fund

(Name of Issuer)

Common Shares, no par value
(Title of
Class of Securities)

18914E106
(CUSIP Number)

Saba Capital Management, L.P.
405 Lexington
Avenue

58th Floor
New York, NY 10174
Attention:
Michael D’Angelo

(212) 542-4635
(Name, Address
and Telephone Number of Person
Authorized to Receive Notices and
Communications)

April 18, 2017
(Date of Event Which
Requires Filing of This Statement)

If the filing person has previously filed a statement on
Schedule 13G to report the acquisition that is the subject of this Schedule 13D,
and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule
13d-1(g), check the following box. [   ]

(Page 1 of 6 Pages)

______________________________
* The remainder of this
cover page shall be filled out for a reporting person’s initial filing on this
form with respect to the subject class of securities, and for any subsequent
amendment containing information which would alter disclosures provided in a
prior cover page.

The information required on the remainder of this cover page
shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities
of that section of the Act but shall be subject to all other provisions of the
Act (however, see the Notes).

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Page 2 of 6 – SEC Filing


CUSIP No. 18914E106 SCHEDULE 13D/A Page 2 of 6
Pages
1 NAME OF REPORTING PERSON
Saba Capital Management, L.P.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [   ]
(b) [   ]
3 SEC USE ONLY
4 SOURCE OF FUNDS
OO (see Item 3)
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
[   ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
7 SOLE VOTING POWER
         -0-
NUMBER
OF
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 6,627,466
OWNED BY
EACH 9 SOLE DISPOSITIVE POWER
REPORTING          -0-
PERSON WITH:
10 SHARED DISPOSITIVE POWER
         6,627,466
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
         6,627,466
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
 [   ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 12.85%1
14 TYPE OF REPORTING PERSON
         PN; IA

______________________________
1 The percentages
used in this Schedule 13D/A are calculated based upon 51,574,059 Common Shares
outstanding as of October 31, 2016 as reported in the Issuer’s Annual Report to
Shareholders on Form N-CSR filed on January 9, 2017.

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Page 3 of 6 – SEC Filing


CUSIP No. 18914E106 SCHEDULE 13D/A Page 3 of 6
Pages
1 NAME OF REPORTING PERSON
Boaz R. Weinstein
2 CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP
(a) [   ]
(b) [   ]
3 SEC USE ONLY
4 SOURCE OF FUNDS
OO (see Item 3)
5 CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
[   ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
7 SOLE VOTING POWER
         -0-
NUMBER OF
SHARES 8 SHARED VOTING POWER
BENEFICIALLY  6,627,466
OWNED BY
EACH 9 SOLE DISPOSITIVE POWER
REPORTING          -0-
PERSON WITH:
10 SHARED DISPOSITIVE POWER
 6,627,466
11 AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH PERSON
 6,627,466
12 CHECK IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES
 [   ]
  13 PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11)
 12.85%1
14 TYPE OF REPORTING PERSON
         IN

____________________________

1 The percentages used in this Schedule 13D/A are
calculated based upon 51,574,059 Common Shares outstanding as of October 31,
2016 as reported in the Issuer’s Annual Report to Shareholders on Form N-CSR
filed on January 9, 2017.

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Page 4 of 6 – SEC Filing


CUSIP No. 18914E106 SCHEDULE 13D/A Page 4 of 6
Pages
Item 1. SECURITY AND ISSUER

This Amendment No. 5 amends and supplements the statement
on Schedule 13D filed with the Securities and Exchange Commission (the
SEC) on 1/6/17, Amendment No. 1 filed on 1/27/17, Amendment No 2 filed
on 2/13/17, Amendment No 3 filed on 3/13/17, and Amendment No 4 filed on
4/10/17. Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No.
4, Amendment No. 5, and the Original Schedule 13D, with respect to the
shares of common stock, (the Shares), of Clough Global Opportunities
Fund (the Issuer). Capitalized terms used herein and not otherwise
defined in this Amendment No. 5 have the meanings set forth in the
Original Schedule 13D, Amendment No. 1, Amendment No. 2, Amendment No. 3,
and Amendment No. 4. This Amendment No. 5 amends Items 3 and 5 as set
forth below.

Item 3.

SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

Funds for the purchase of the Common Shares were derived
from the subscription proceeds from investors in SCMF, SCMF II, SCLMF,
SCS, SCEF 1 and SCEF 2 and the capital appreciation thereon and margin
account borrowings made in the ordinary course of business. In such
instances, the positions held in the margin accounts are pledged as
collateral security for the repayment of debit balances in the account,
which may exist from time to time. Since other securities are held in the
margin accounts, it is not possible to determine the amounts, if any, of
margin used to purchase the Common Shares reported herein. A total of
$62,709,505 was paid to acquire the Common Shares reported herein.

Item 5.

INTEREST IN SECURITIES OF THE ISSUER

(a)

See rows (11) and (13) of the cover pages to this
Schedule 13D/A for the aggregate number of Common Shares and percentages
of the Common Shares beneficially owned by each of the Reporting Persons.
The percentages used in this Schedule 13D/A are calculated based upon
51,574,059 Common Shares outstanding as of October 31, 2016 as reported in
the Issuer’s Annual Report to Shareholders on Form N-CSR filed on January
9, 2017.

(b)

See rows (7) through (10) of the cover pages to this
Schedule 13D/A for the number of Common 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.

(c)

The transactions in the Shares effected since the filing
of the Amendment No 4 by Saba Capital, which were all in the open market,
are set forth in Schedule A, and are incorporated herein by
reference.

(d)

No person other than the Reporting Persons and the Saba
Entities is known to have the right to receive, or the power to direct the
receipt of dividends from, or proceeds

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Page 5 of 6 – SEC Filing


CUSIP No. 18914E106 SCHEDULE 13D/A Page 5 of 6
Pages

from the sale of, such Common Shares.

(e)

Not applicable.

SIGNATURES

   After reasonable inquiry and to the best of his or its
knowledge and belief, each of the undersigned certifies that the information set
forth in this statement is true, complete and correct.

Date: April 19, 2017

SABA CAPITAL MANAGEMENT, L.P.
/s/
Michael D’Angelo
Name: Michael D’Angelo
Title: Chief Compliance Officer
BOAZ R. WEINSTEIN
/s/
Michael D’Angelo
Name: Michael D’Angelo
Title: Attorney-in-fact*

* Pursuant to a power of attorney dated as of November 16,
2015, which is incorporated herein by reference to Exhibit 2 to the Schedule 13G
filed by the Reporting Persons on December 28, 2015, accession number:
0001062993-15-006823

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Page 6 of 6 – SEC Filing


CUSIP No. 18914E106 SCHEDULE 13D/A Page 6 of 6
Pages

Schedule A

This Schedule sets forth information with respect to each purchase and sale of
Shares which were effectuated by a Reporting Person since the Schedule 13D/A
filing on 4/10/2017. All transactions were effectuated in the open market
through a broker.

Shares
Trade
Date
Purchased (Sold) Price
04/19/17 98,400      10.35
04/18/17 200,720      10.30
04/17/17 58,743      10.34
04/13/17 82,832      10.32
04/12/17 70,133      10.36
04/11/17 16,269      10.38
04/10/17 154,185      10.35

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