The Bulldog-Ancora Group Announces Results of Tender Offer for Adams Natural Resources Fund

Jun 29, 2020

The Bulldog-Ancora Group, an entity formed by Bulldog Investors, LLC (“Bulldog”) and Ancora Advisors, LLC (“Ancora”), today announced that its offer to purchase up to $70 million worth of shares of Adams Natural Resources Fund, Inc. (NYSE: PEO) at 88% of the net asset value per share (“NAV”) of PEO at the close of the regular trading session of the New York Stock Exchange on the expiration date expired at midnight Eastern time on June 26, 2020. Based on information provided by Computershare, the depository for the offer, a total of 1,445,144 shares were validly tendered and all such shares will be accepted for payment of $11.0264 per share (88% of $12.53).

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