On July 11, 2017, Saba Capital Management, L.P. announced that it has entered into a standstill agreement with the Clough Global Opportunities Fund whereby the parties agreed, among other things, and subject to certain conditions, that the Board of Trustees of the Company will cause the Company to commence a tender offer to purchase for cash 37.5% of its outstanding shares at a price per share equal to 98.5% of the Company’s net asset value, subject to certain terms and conditions, with such tender offer to be completed not prior to November 5, 2017 and not later than November 27, 2017. In addition, pursuant to the terms of the standstill agreement, the Company will also commence a monthly managed distribution program beginning in August, 2017, and continuing through July, 2019 whereby the Company will pay monthly distributions (subject to certain limitations) in an annualized amount of not less than 10% of the Company’s average net asset value. In addition, Saba Capital agreed to withdraw its proposed nominees to serve as trustees of the Company as well as its proposal seeking a shareholder vote regarding the classified board structure of the Issuer and agreed to tender 100% of its then-owned shares of the Company in the tender offer.