[SCHEDULE 13G/A] Clough Global Opportunities Fund SEC Filing
RiverNorth Capital Management, LLC filed an amended Schedule 13G reporting a significant position in Clough Global Opportunities Fund (ticker GLO). The filing discloses that RiverNorth beneficially owns 3,591,285 shares, representing 8.4% of the outstanding class, and that it possesses sole voting and sole dispositive power over those shares.
The reporting person is identified as an investment adviser (IA) and certifies the securities were acquired and are held in the ordinary course of business and were not acquired to change or influence control of the issuer. The filing also states that other persons have rights to receive proceeds from the sale of the reported securities. This amended Schedule 13G supplies investors with a clear, regulatory disclosure of RiverNorth's material stake in GLO.
- Beneficial ownership disclosed: RiverNorth reports owning 3,591,285 shares, representing 8.4% of the class.
- Sole voting and dispositive power: The filer reports sole authority to vote and dispose of the reported shares.
- Investment adviser classification: Reporting person is identified as an IA (investment adviser), and certifies holdings are in the ordinary course of business.
- None.
Insights
TL;DR: RiverNorth reports an 8.4% (3.59M-share) stake in Clough Global Opportunities Fund, disclosed via an amended Schedule 13G.
The filing is materially significant because holdings above 5% require public disclosure and can affect shareholder composition. RiverNorth reports sole voting and dispositive power over 3,591,285 shares, indicating centralized control of its position. The classification as an investment adviser (IA) and the certification that the shares are held in the ordinary course of business suggest a passive reporting posture rather than an intent to influence control. For market participants, this disclosure clarifies ownership concentration but does not by itself signal an activist campaign.
TL;DR: Schedule 13G/A shows a substantial, disclosed position by an IA with a certification of ordinary-course holding and sole voting/dispositive power.
From a governance perspective, the report documents that RiverNorth has a sizable stake (8.4%) and sole authority to vote and dispose of the shares it reports. The issuer-level impact is informational: shareholders and boards gain transparency on a major holder. The certification in the filing explicitly states the securities were not acquired to change or influence control, aligning this disclosure with passive investor behavior under Rule 13d-1(b) reporting practices.