RiverNorth Capital (GLQ) discloses 2.79% holding in Clough Global Equity Fund
Rhea-AI Filing Summary
RiverNorth Capital Management, LLC filed an amended Schedule 13G reporting beneficial ownership in Clough Global Equity Fund common shares. RiverNorth reports beneficial ownership of 523,377 shares, representing 2.79% of the class. It reports sole voting and dispositive power over all 523,377 shares, with no shared voting or dispositive power, and states that other persons have the right to receive proceeds from the sale of these securities.
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Key Figures
Beneficial ownership: 523,377 shares
Percent of class: 2.79%
Sole voting power: 523,377 shares
+3 more
6 metrics
Beneficial ownership
523,377 shares
Amount beneficially owned by RiverNorth Capital Management, LLC
Percent of class
2.79%
Percentage of GLQ common shares beneficially owned
Sole voting power
523,377 shares
Shares over which RiverNorth has sole power to vote
Shared voting power
0 shares
Shares over which RiverNorth has shared voting power
Sole dispositive power
523,377 shares
Shares over which RiverNorth has sole power to dispose
Shared dispositive power
0 shares
Shares over which RiverNorth has shared dispositive power
Key Terms
beneficially owned, Sole Voting Power, Sole Dispositive Power, Schedule 13G
4 terms
beneficially owned financial
"Item 4. | Ownership (a) | Amount beneficially owned: 523,377"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Sole Voting Power financial
"5 | Sole Voting Power 523,377.00 6 | Shared Voting Power 0.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
Sole Dispositive Power financial
"7 | Sole Dispositive Power 523,377.00 8 | Shared Dispositive Power 0.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Schedule 13G regulatory
"Ownership of more than 5 Percent on Behalf of Another Person."
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
FAQ
What stake does RiverNorth Capital Management hold in GLQ according to this Schedule 13G/A?
RiverNorth Capital Management reports beneficial ownership of 523,377 GLQ common shares, representing 2.79% of the class. RiverNorth has sole voting and sole dispositive power over these shares, with no shared voting or dispositive authority disclosed.
What percentage of Clough Global Equity Fund (GLQ) is beneficially owned by RiverNorth?
RiverNorth Capital Management reports beneficial ownership of 2.79% of the GLQ common share class. This percentage is based on 523,377 shares over which it has sole voting and dispositive power, as disclosed in the ownership section.
Is RiverNorth Capital Management reported as owning more than 5% of GLQ in this Schedule 13G/A?
No. The filing specifies ownership of 5 percent or less of the GLQ class, with a reported 2.79% beneficial ownership. This is reflected in Item 5, which is checked for ownership of 5 percent or less of the class.
AI-generated analysis. How Rhea-AI works. Not financial advice.