Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

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

You can access the original SEC filing by clicking here.

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 7,279,528 7,279,528 14.11%
Boaz R. Weinstein 0 7,279,528 7,279,528 14.11%
Boaz Weinstein
Boaz Weinstein
Saba Capital

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. 6)

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 26, 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).

Follow Clough Global Opportunities Fund (NYSEMKT:GLO)
Trade (NYSEMKT:GLO) Now!

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 7,279,528
OWNED BY
EACH 9 SOLE DISPOSITIVE POWER
REPORTING          -0-
PERSON WITH:
10 SHARED DISPOSITIVE POWER
         7,279,528
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
       7,279,528
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
 [   ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.11%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.

Follow Clough Global Opportunities Fund (NYSEMKT:GLO)
Trade (NYSEMKT:GLO) Now!

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 7,279,528
OWNED BY
EACH 9 SOLE DISPOSITIVE POWER
REPORTING          -0-
PERSON WITH:
10 SHARED DISPOSITIVE POWER
 7,279,528
11 AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH PERSON
7,279,528
12 CHECK IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES
 [   ]
13 PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11)
14.11%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.

Follow Clough Global Opportunities Fund (NYSEMKT:GLO)
Trade (NYSEMKT:GLO) Now!

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. 6 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, Amendment No 4 filed on
4/10/17, and Amendment No 5 filed on 4/20/17. Amendment No. 1, Amendment
No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5, Amendment No. 6,
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. 6 have the meanings set forth in the Original Schedule 13D, Amendment
No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, and Amendment
No. 5. This Amendment No. 6 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, SCEF 2, and Saba Closed-End Funds ETF 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 $69,562,339 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 5 by Saba Capital, which were all in the open market,
are set forth in Schedule A, and are incorporated herein by
reference.

 

Follow Clough Global Opportunities Fund (NYSEMKT:GLO)
Trade (NYSEMKT:GLO) Now!

Page 5 of 6 – SEC Filing


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

 

(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 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 28, 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

Follow Clough Global Opportunities Fund (NYSEMKT:GLO)
Trade (NYSEMKT:GLO) Now!

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 4/20/2017. All transactions were effectuated in the open market
through a broker.

Shares
Trade
Date
Purchased (Sold) Price
04/27/17 82,130 10.59
04/26/17 147,646 10.57
04/25/17 144,857 10.55
04/25/17 20,000 10.51
04/24/17 60,061 10.49
04/21/17 56,744 10.40
04/20/17 20,000 10.40
04/20/17 120,624 10.41

 


Follow Clough Global Opportunities Fund (NYSEMKT:GLO)
Trade (NYSEMKT:GLO) Now!