Sec Form 13G Filing - MINNESOTA LIFE INSURANCE CO filing for BRANDYWINEGLOBAL GOBAL INCOME (BWG) - 2020-02-12

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No.     )*

 

BrandywineGLOBAL – Global Income Opportunities Fund Inc.

(Name of Issuer)

 

Series D Mandatory Redeemable Preferred Stock

(Title of Class of Securities)

 

10537L3*3

(CUSIP Number)

 

December 31, 2019

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

x Rule 13d-1(b)
o Rule 13d-1(c)
o Rule 13d-1(d)

 

*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 the disclosures provided in a prior cover page.

 

The information required in 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).

 

 

 

 

 

CUSIP No. 10537L3*3

 

 
  1. Names of Reporting Persons
Minnesota Life Insurance Company
 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
    (b) ¨
 
  3. SEC Use Only
 
  4. Citizenship or Place of Organization
Minnesota, United States of America

 

     
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5. Sole Voting Power
1,040,000
 
6. Shared Voting Power
 
7. Sole Dispositive Power
1,040,000
 
8. Shared Dispositive Power

 

 
  9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,040,000 shares
 
  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ¨
 
  11. Percent of Class Represented by Amount in Row (9)
20.8%
 
  12. Type of Reporting Person (See Instructions)
IC

 

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Item 1.
  (a) Name of Issuer:
BrandywineGLOBAL – Global Income Opportunities Fund Inc.
  (b) Address of Issuer’s Principal Executive Offices:
c/o Legg Mason Inc., 620 Eighth Avenue, 49th Floor, New York, NY 10018
 
Item 2.
  (a) Name of Person F iling:
Minnesota Life Insurance Company
  (b) Address of Principal Business Office or, if none, Residence:
Attn: Securian Asset Management, Inc., 400 Robert Street North, St. Paul, MN 55101
  (c) Citizenship:
Minnesota, United States of America
  (d) Title of Class of Securities:
Mandatory Redeemable Preferred Stock
  (e) CUSIP Number:
10537L3*3
 
Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
  (a) ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
  (b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
  (c) x Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
  (d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
  (e) ¨ An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
  (f) ¨ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
  (g) ¨ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
  (h) ¨ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
  (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
  (j) ¨ A non-U.S. institution in accordance with § 240.13d–1(b)(1)(ii)(J);
  (k) ¨ Group, in accordance with § 240.13d–1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d–1(b)(1)(ii)(J), please specify the type of institution:____________________________

 

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Item 4. Ownership
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
  (a)

Amount beneficially owned:

 

1,040,000 shares 

  (b)

Percent of class:

 

20.8% 

  (c)

Number of shares as to which the person has:

 

1,040,000 

    (i)

Sole power to vote or to direct the vote

 

1,040,000 shares

    (ii)

Shared power to vote or to direct the vote

 

 

    (iii)

Sole power to dispose or to direct the disposition of

 

1,040,000 shares 

    (iv)

Shared power to dispose or to direct the disposition of

 

 

 
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following   ¨.
 
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not Applicable
 
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
Not Applicable
 
Item 8. Identification and Classification of Members of the Group
Not Applicable
 
Item 9. Notice of Dissolution of Group
Not Applicable

 

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Item 10. Certification
   
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

Signature

 

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.

 

  February 11, 2020
  Date
   
  /s/ Jennifer L. Wolf
  Signature
   
  Second Vice President
  Name/Title

 

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