The 15th Annual Robert M. Clinger III Invitational Golf Tournament At The Dunes Golf & Beach Club

Myrtle Beach, South Carolina, February 22, 2021—The 15th Annual Robert M. Clinger III Invitational was contested on Monday, February 15, 2021 at The Dunes Golf & Beach Club in Myrtle Beach, South Carolina.  The event was preceded by three days of torrential rain, high winds, and frigid temperatures which left the course waterlogged and closed for several days.  Luckily, the rain subsided Sunday night and the course drained sufficiently for the tournament to proceed on time with a noon shotgun start.  Though the weather remained cold and windy, the field of 53 players was undaunted.      

When the results were in, three teams were tied at 62 (-10).  With daylight running short and insufficient to accommodate The Invitational’s sudden death format (a three-hole cumulative playoff contested on holes 10, 11 and 13), the Executive Committee, professional staff and the competitors agreed to a chip off on the oceanfront lawn.  The rest of the field watched from the warmth of the Dunes Golf & Beach Club ballroom as the teams attempted to negotiate the 75 yard shot directly into the wind whipping off the ocean.  Following the chip off, the winners were announced:

First Place Team:  Michael Groce, Jimmy Gilliam, Will Wireman, Jason Dalton

Second Place Team: Dennis Nicholl, Joel Boulanger, Holden Patterson, Erik Golden

Third Place Team:  Brian Davenport, Seth Davenport, Bill White

The Executive Committee certified these results shortly after 7:00 PM local time.  The participants and guests celebrated the 15th Anniversary of the event with a brief champagne toast.  The projected date of the 16th Annual Robert M. Clinger III Invitational was announced as Monday, February 21, 2022.  The event disbanded at 7:40 PM.   

More information regarding the Invitational can be found on the tournament website, www.ClingerInvitational.com.

About Mr. Clinger—Robert M. Clinger III is the founder of Highland Global Business Valuations, a strategic advisory and business valuation consultancy. He has strong experience in the fields of business valuation, financial analysis, and mergers and acquisitions of privately-held enterprises.  Mr. Clinger earned a Bachelor of Science degree in Business Administration/Finance, summa cum laude, from Coastal Carolina University and received the distinguished President’s award.  Mr. Clinger has also earned the Certified Valuation Analyst (CVA) designation from the National Association of Certified Valuators and Analysts (NACVA), the Certified Business Appraiser (CBA) designation from the Institute of Business Appraisers (IBA), and the Licensed International Financial Analyst (LIFA) for the International Research Association. 

About The Dunes Golf & Beach Club—The Dunes Golf & Beach Club is a private golf club built in 1948.  It is recognized as one of Robert Trent Jones’ finest designs. Since its inception, it has proved to be a world class course, offering the best in golf and member services.  The course has a rating of 75.7 and a slope rating of 144.  Each hole has its own descriptive name to give golfers an idea of what to expect before they tee off. “Waterloo”, hole 13, is the signature hole of the Dunes Club. “Waterloo” has received many accolades and awards as one of the greatest golf holes in the world. 

Press Contact:

The Robert M. Clinger III Invitational Executive Committee

www.ClingerInvitational.com

###

The 14th Annual Robert M. Clinger III Invitational Golf Tournament At The Dunes Golf & Beach Club

Myrtle Beach, South Carolina, February 27, 2020—The Executive Committee of The Robert M. Clinger III Invitational is pleased to announce the results of the 14th annual golf tournament contested on Monday, February 17, 2020 at The Dunes Golf & Beach Club in Myrtle Beach, South Carolina.  After a generally overcast morning, the sky cleared and the temperature climbed to the upper 60s for the second year in a row.  Most notably, there was an absence of wind and rain during the tournament.  These factors may have contributed to the 60 player turnout and the record setting low score for The Invitational.      

The tournament record 61 (-11) set in 2017and matched at the 2018 event was bested by the team of Dennis Nicholl, Joel Boulanger, Luis Ruiz and Morgan Deneen who posted a score of 59 (-13).  Second and third place was decided by a scorecard playoff as two teams posted a score of 64 (-8).  The Invitational’s sudden death format is a three hole cumulative scorecard playoff.  The first round of sudden death is contested on holes 10, 11 and 13.  After the first scorecard sudden death round, the second place team was announced:  Robert M. Clinger III, Steven Vogel, Larry Yarnell and Greg Brastow.  The team of Marshall Bryant, Chad Catoe, James Ebert and Art Niave took third place.

On a sad note, the Executive Committee announced that long-time participant, Chuck Fitch, passed away unexpectedly in December 2019.  Chuck was the only participant other than Mr. Clinger to have participated in all prior events.  This year also marked the first time where none of the original participants, other than Mr. Clinger, were present in any capacity at The Invitational.  

The Executive Committee certified the results shortly after 7:00 PM local time and the event disbanded at 7:15 PM.   

More information regarding the Invitational can be found on the tournament website, www.ClingerInvitational.com.

About Mr. Clinger—Robert M. Clinger III is the founder of Highland Global Business Valuations, a strategic advisory and business valuation consultancy, and Thinking Outside the Boxe, an independent think tank. He has strong experience in the fields of business valuation, financial analysis, and mergers and acquisitions of privately-held enterprises.  Mr. Clinger earned a Bachelor of Science degree in Business Administration/Finance, summa cum laude, from Coastal Carolina University and received the distinguished President’s award.  Mr. Clinger has also earned the Certified Valuation Analyst (CVA) designation from the National Association of Certified Valuators and Analysts (NACVA), the Certified Business Appraiser (CBA) designation from the Institute of Business Appraisers (IBA), and the Licensed International Financial Analyst (LIFA) for the International Research Association. 

About The Dunes Golf & Beach Club—The Dunes Golf & Beach Club is a private golf club built in 1948.  It is recognized as one of Robert Trent Jones’ finest designs. Since its inception, it has proved to be a world class course, offering the best in golf and member services.  The course has a rating of 75.7 and a slope rating of 144.  Each hole has its own descriptive name to give golfers an idea of what to expect before they tee off. “Waterloo”, hole 13, is the signature hole of the Dunes Club. “Waterloo” has received many accolades and awards as one of the greatest golf holes in the world. 

Press Contact:

The Robert M. Clinger III Invitational Executive Committee

www.ClingerInvitational.com

###

The 13th Annual Robert M. Clinger III Invitational Golf Tournament at The Dunes Golf & Beach Club

Myrtle Beach, South Carolina, February 22, 2019—The Executive Committee of The Robert M. Clinger III Invitational is pleased to announce the results of the 13th annual golf tournament held on Monday, February 20, 2019 at The Dunes Golf & Beach Club in Myrtle Beach, South Carolina. After a morning of rain and dark clouds, the weather cleared shortly before the noon shotgun start of the event. The afternoon brought moderate winds, sunny skies, and a high temperature of 70 degrees. The markedly different conditions from the prior year’s event came much to the satisfaction of the field of sixty competitors.

Despite the favourable weather and stiff competition, the tournament record 61 (-11) set in 2017and matched at the 2018 event was not threatened by this year’s competitors. However, for the first time in the event’s history, three teams posted scores of 63 (-9), requiring a sudden death playoff to decide the winners. The Invitational’s sudden death format is a three hole cumulative score playoff. The first round of sudden death is contested on holes 10, 11 and 13. Unfortunately, with daylight running short, the Executive Committee decided to follow the same sudden death format using the posted scorecards to determine the winners and the second and third place finishers. After the first scorecard sudden death round, the winning team was announced: Marshall Bryant, Chad Catoe, Bill King, and Lee Cornelius. To determine the second and third place teams, the second scorecard sudden death round consisting of holes 14, 15, and 16 resulted in another tie. The third scorecard sudden death round consisting of holes 2, 3, and 4 also resulted in a tie. However, the fourth scorecard sudden death round of holes 6, 7, and 18 resulted in the team of Rich Abraham, Chris Abraham, Tod Mallory and Patrick O’Brian securing a second place finish and the team of Josh Wright, Mike Marino, Lawrence Whitney and Tommy Brittain securing the third place finish.

The Executive Committee certified the results shortly after 6:30 PM local time and the event disbanded at 7:00 PM.

More information regarding the Invitational can be found on the tournament website, http://www.ClingerInvitational.com.

About Mr. Clinger—Robert M. Clinger III is the founder of Highland Global Business Valuations, a strategic advisory and business valuation consultancy, and Thinking Outside the Boxe, an independent think tank. He has strong experience in the fields of business valuation, financial analysis, and mergers and acquisitions of privately-held enterprises. Mr. Clinger earned a Bachelor of Science degree in Business Administration/Finance, summa cum laude, from Coastal Carolina University and received the distinguished President’s award. Mr. Clinger has also earned the Certified Valuation Analyst (CVA) designation from the National Association of Certified Valuators and Analysts (NACVA), the Certified Business Appraiser (CBA) designation from the Institute of Business Appraisers (IBA), and the Licensed International Financial Analyst (LIFA) for the International Research Association.

About The Dunes Golf & Beach Club—The Dunes Golf & Beach Club is a private golf club built in 1948. It is recognized as one of Robert Trent Jones’ finest designs. Since its inception, it has proved to be a world class course, offering the best in golf and member services. The course has a rating of 75.7 and a slope rating of 144. Each hole has its own descriptive name to give golfers an idea of what to expect before they tee off. “Waterloo”, hole 13, is the signature hole of the Dunes Club. “Waterloo” has received many accolades and awards as one of the greatest golf holes in the world.

Press Contact:

The Robert M. Clinger III Invitational Executive Committee
http://www.ClingerInvitational.com

###

Discount Statistics of Closed-End Funds Update for the 1st Quarter 2018

This article will update the Highland Global study, “Discount Statistics of Closed-end Funds,” (originally published in November 2005 and updated quarterly) for data relating to the first quarter of 2018. The original article with more details regarding discount statistics of closed-end funds is available at http://www.HighlandGlobal.com. Historic releases of our research can be accessed from our website.

All facts and data as set forth in this report were obtained from sources considered to be reliable. However, Highland Global assumes no liability for the accuracy of the information provided to us by others. Highland Global assumes no responsibility for any liability for damages of any kind resulting from reliance on this report by the reader or any other party. Although we have exerted considerable diligence and applied our best efforts in constructing this document, immaterial anomalies, if any, may arise. Even so, we are confident that our overall results would still fall within a materially consistent conclusion. This report is not to be construed, directly or indirectly, as a recommendation to invest, divest or to lend. Highland Global makes no representations or warranties that the result/research set forth in this report will be accepted by any other third party, including any regulatory or government body federal, state, or local.

Read the full article here

The 12th Annual Robert M. Clinger III Invitational Golf Tournament at The Dunes Golf & Beach Club

Myrtle Beach, South Carolina, February 26, 2018—The Executive Committee of the Robert M. Clinger III Invitational Golf Tournament released the results of the 12th annual tournament contested on Monday, February 19, 2018 at The Dunes Golf & Beach Club in Myrtle Beach, South Carolina. After a tournament-high temperature of 75 degrees and plenty of sunshine in 2017, the weather returned to tournament conditions in 2018 with plenty of rain and a high of only 60 degrees. Though the rain was contrary to all weather forecasts for the day, it did not deter the field of sixty-three competitors.

The tournament record 61 (-11) set in 2017 was matched at this year’s Invitational by the new champions O’Neil McCoy, Preston Brittain, Edward Benton, and Tyler Servant. The second place team consisting of Rich Abraham, Chris Abraham, Rich O’Brian and Patrick O’Brian carded a 63 (-9). The third place team, finishing at 66 (-6), consisted of Dunes Club Head Professional Dennis Nicholl, Paul Weddle, Erick Ficken, and David Gravely.

More information regarding the Invitational can be found on the tournament website, http://www.ClingerInvitational.com.

About Mr. Clinger—Robert M. Clinger III is the founder of Highland Global Business Valuations, a strategic advisory and business valuation consultancy, and Thinking Outside the Boxe, an independent think tank. He has strong experience in the fields of business valuation, financial analysis, and mergers and acquisitions of privately-held enterprises. Mr. Clinger earned a Bachelor of Science degree in Business Administration/Finance, summa cum laude, from Coastal Carolina University and received the distinguished President’s award. Mr. Clinger has also earned the Certified Valuation Analyst (CVA) designation from the National Association of Certified Valuators and Analysts (NACVA), the Certified Business Appraiser (CBA) designation from the Institute of Business Appraisers (IBA), and the Licensed International Financial Analyst (LIFA) for the International Research Association.

About The Dunes Golf & Beach Club—The Dunes Golf & Beach Club is a private golf club built in 1948. It is recognized as one of Robert Trent Jones’ finest designs. Since its inception, it has proved to be a world class course, offering the best in golf and member services. The course has a rating of 75.7 and a slope rating of 144. Each hole has its own descriptive name to give golfers an idea of what to expect before they tee off. “Waterloo”, hole 13, is the signature hole of the Dunes Club. “Waterloo” has received many accolades and awards as one of the greatest golf holes in the world.

Press Contact:

The Robert M. Clinger III Invitational Executive Committee
http://www.ClingerInvitational.com