On July 7, 2020, Bulldog Investors, LLC announced that it has reached a settlement agreement with Legg Mason BW Global Income Opportunities Fund Inc. regarding shareholder approval of a new management agreement between the Company and Legg Mason Partners Fund Advisor, LLC. Bulldog Investors stated that the settlement agreement provides for, among other things, the Company to conduct a self-tender offer for 20% of its outstanding shares of common stock at a price of 99.5% of net asset value as soon as practicable as determined by the Board of Directors.