Filing Details

Accession Number:
0001504304-19-000019
Form Type:
13D Filing
Publication Date:
2019-09-30 14:49:15
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Bulldog Investors 26,518 1,010,141 26,518 1,010,141 4.94%
Phillip Goldstein 26,518 1,236,611 26,518 1,236,611 6.02%
Andrew Dakos 26,518 1,236,611 26,518 1,236,611 6.02%
Steven Samuels 26,518 1,010,141 26,518 1,010,141 4.94%
Filing

SCHEDULE 13D DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT 9/20/19 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 1,010,141 9. SOLE DISPOSITIVE POWER 26,518 _______________________________________________________ 10. SHARED DISPOSITIVE POWER 1,010,141 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 1,036,659 (Footnote 1) 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] ___________________________________________________________ 13. PERCENT OF CLASS REPRESENTED BY ROW 11 4.94% 14. TYPE OF REPORTING PERSON IA ___________________________________________________________ 1. NAME OF REPORTING PERSON Phillip Goldstein 2. CHECK THE BOX IF MEMBER OF A GROUP a[X] 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 1,236,611 9. SOLE DISPOSITIVE POWER 26,518 _______________________________________________________ 10. SHARED DISPOSITIVE POWER 1,236,611 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 1,263,129 (Footnote 1) 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] ___________________________________________________________ 13. PERCENT OF CLASS REPRESENTED BY ROW 11 6.02% 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 1,236,611 9. SOLE DISPOSITIVE POWER 26,518 _______________________________________________________ 10. SHARED DISPOSITIVE POWER 1,236,611 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 1,263,129 (Footnote 1) 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] ___________________________________________________________ 13. PERCENT OF CLASS REPRESENTED BY ROW 11 6.02% 14. TYPE OF REPORTING PERSON IN ___________________________________________________________ 1. NAME OF REPORTING PERSON Steven Samuels 2. CHECK THE BOX IF MEMBER OF A GROUP a[X] 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 1,010,141 9. SOLE DISPOSITIVE POWER 26,518 _______________________________________________________ 10. SHARED DISPOSITIVE POWER 1,010,141 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 1,036,659 (Footnote 1) 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] ___________________________________________________________ 13. PERCENT OF CLASS REPRESENTED BY ROW 11 4.94% 14. TYPE OF REPORTING PERSON IN _______________________________________________________ Item 1. SECURITY AND ISSUER This Schedule 13D relates to the shares of Common Stock of BrandywineGLOBAL-Global Income Opportunities Fund Inc ("BWG" or the "Issuer"). The principal executive offices of BWG are located at 620 EIGHTH AVENUE 49TH FLOOR NEW YORK NY 10018 Item 2. IDENTITY AND BACKGROUND (a) This statement is filed on behalf of Bulldog Investors,LLC, (a Delaware Limited Liability Company), Phillip Goldstein, Andrew Dakos and Steven Samuels. (b) The business address of the reporting persons is Park 80 West-Plaza Two, 250 Pehle Ave., Suite 708, Saddle Brook, NJ 07663. (c) Bulldog Investors,LLC is a registered investment adviser. Messrs. Goldstein, Dakos and Samuels are control persons of Bulldog Investors,LLC. (d) n/a (e) n/a (f) Each of Messrs. Goldstein, Dakos and Samuels is a citizen of the United States. ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATIONS Shares of the Issuer have been accumulated on behalf of clients of Bulldog Investors,LLC, and an account managed by Messrs. Goldstein and Dakos. ITEM 4. PURPOSE OF TRANSACTION On September 9, 2019, a member of the filing group sent a letter to the issuer. See Exhibit B. 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 September 27, 2019, Bulldog Investors, LLC is deemed to be the beneficial owner of 1,036,659 shares of BWG (representing 4.94% 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 1,036,659 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 1,036,659 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 1,010,141 shares (representing 4.81% of VCIF's outstanding shares). As of September 27,2019, each of Messrs. Goldstein and Dakos is deemed to be the beneficial owner of 1,263,129 shares of BWG (representing 6.02% 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 and Dakos have shared power to dispose of and vote 1,010,141 shares. Certain of Bulldog Investors, LLC's clients (none of whom beneficially own more than 5% of VCIF's shares) share this power with Bulldog Investors, LLC. Messrs.Goldstein, Dakos and Samuels are control persons of Bulldog Investors, LLC. Messrs. Goldstein and Dakos have shared power to dispose of and vote an additional 226,470 shares. c) During the past 60 days the following shares of BWG were purchased: Date: Shares: Price: 07/31/19 1,700 11.9000 08/05/19 1,442 11.9000 08/29/19 2,000 11.9200 08/30/19 10,000 11.9187 09/03/19 10,000 11.8908 09/04/19 1,595 11.9400 09/05/19 25,000 12.0247 09/06/19 2,154 12.0238 09/09/19 5,000 12.0720 09/09/19 49,000 12.0494 09/10/19 30,100 12.0195 09/12/19 5,136 11.9999 09/13/19 12,665 11.9149 09/16/19 3,135 11.8999 09/18/19 1,515 11.9500 09/19/19 400 11.8500 09/20/19 100,000 11.9447 09/23/19 1,000 11.9400 09/23/19 14,139 11.9487 09/24/19 300 11.9967 09/25/19 500 12.0135 09/25/19 66,692 12.0107 09/26/19 4,000 11.9830 09/26/19 30,500 12.0000 09/26/19 362 11.9800 09/27/19 5,615 12.0144 09/27/19 500 11.9900

d) Clients of Bulldog Investors, LLC 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 & B 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: 9/30/2019 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: Agreement to Make Joint Filing Agreement made as of the 30th day of September, 2019, by and among Bulldog Investors, LLC, Phillip Goldstein, Andrew Dakos, and Steven Samuels. WHEREAS, Rule 13d-1(k)(1) under the Securities Exchange Act of 1934 provides that whenever two or more persons are required to file a statement containing the information required by Schedule 13D with respect to the same securities, only one such statement need be filed, so long as, among other things, such filing includes as an exhibit an agreement among such persons that such a statement is filed on behalf of each of them; WHEREAS, in connection with certain holdings of BrandywineGLOBAL-Global Income Opportunities Fund Inc (BWG), each of the parties to this Agreement is required to file a statement containing the information required by Schedule 13D with respect to the same holdings of BWG; NOW THEREFORE, the parties hereby agree that one statement containing the information required by Schedule 13D shall be filed on behalf of each party hereto. IN WITNESS WHEREOF, this Agreement has been duly executed by the parties hereto as of the day and year first written above. By:/s/ Phillip Goldstein By:/s/ Andrew Dakos Phillip Goldstein Andrew Dakos BULLDOG INVESTORS, LLC By: /s/ Steven Samuels By: /s/ Andrew Dakos Steven Samuels Andrew Dakos, Member Exhibit B: Special Opportunities Fund, Inc. 615 East Michigan Street, Milwaukee, WI 53202 September 9, 2019 BrandywineGLOBAL - Global Income Opportunities Fund Inc. c/o Legg Mason 100 First Stamford Place, 6th Floor, Stamford, CT 06902 Attn: Robert I. Frenkel, Secretary Dear Mr. Frenkel: Special Opportunities Fund, Inc. is the beneficial owner of shares in BrandywineGLOBAL - Global Income Opportunities Fund Inc. with a value in excess of $2,000.00. We have held these shares for over 12 months and plan to continue to hold them through the next meeting of stockholders. We hereby submit the following proposal and supporting statement pursuant to rule 14a-8 of the Securities Exchange Act of 1934 for inclusion in management's proxy materials for the next meeting of stockholders for which this proposal is timely submitted. If you would like to discuss this proposal, please contact me at (914) 747-5262 or pgoldstein@bulldoginvestors.com. ******* RESOLVED: The shareholders of BrandywineGLOBAL - Global Income Opportunities Fund Inc. (the Fund) request that the Board of Directors authorize a self-tender offer for all outstanding common shares of the Fund at or close to net asset value (NAV). If more than 50% of the Fund's outstanding common shares are submitted for tender, the tender offer should be cancelled and the Fund should be liquidated or converted into an exchange traded fund (ETF) or an open-end mutual fund. SUPPORTING STATEMENT Over the past five years, the Fund's common stock has traded at an average discount of more than 14% to NAV and the discount is currently greater than 15%, one of the widest discounts in the closed-end find universe. We think the Board of Directors should authorize a self-tender offer for the Fund's common shares at or close to NAV to afford shareholders an opportunity to receive a price closer to NAV for their shares. If a majority of the Fund's outstanding common shares are tendered, that would demonstrate that there is insufficient shareholder support for continuing the Fund in its closed-end format. In that case, the tender offer should be cancelled and the Fund should be liquidated or converted into an ETF or an open-end mutual fund. If you agree that it is time to address the Fund's persistent double-digit discount, please vote for this (non-binding) proposal. Very truly yours, Phillip Goldstein Chairman