ADAMS NATURAL RESOURCES FUND overview

Adams Natural Resources Fund Announces Tender Offer PR Newswire BALTIMORE, July 29, 2020 BALTIMORE , July 29, 2020 /PRNewswire/ -- Adams Natural Resources Fund, Inc. (NYSE: PEO) announced today that its Board of Directors has approved a tender offer to acquire in exchange for cash up to 20 percent of the Fund's outstanding shares at a price equal to 95 percent of the Fund's net asset value per share as of the close of regular trading on the New York Stock Exchange ("NYSE") on the day the offer...

Adams Natural Resources Fund Announces First-Half Performance And Declares Distribution PR Newswire BALTIMORE, July 16, 2020 BALTIMORE , July 16, 2020 /PRNewswire/ -- The Board of Directors of Adams Natural Resources Fund, Inc. (NYSE: PEO) today declared a distribution of $.10 per share from net investment income payable September 1, 2020 , to shareholders of record August 18 , 2020. This represents the third payment this year toward the Fund's annual 6% minimum distribution rate commitment....

The Bulldog-Ancora Group, an entity formed by Bulldog Investors, LLC (“Bulldog”) and Ancora Advisors, LLC (“Ancora”), today announced that it is commencing a tender offer to acquire up to $40 million worth of shares of Adams Natural Resources Fund, Inc. (NYSE:PEO), for cash at a price per share of 90% of 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 (the “Pricing Date”) of August 7, 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...

Board Of Directors Believes The Amended Bulldog-Ancora Tender Offer Is Not In Shareholders' Best Interests PR Newswire BALTIMORE, June 16, 2020 BALTIMORE , June 16, 2020 /PRNewswire/ -- The Board of Directors of Adams Natural Resources Fund, Inc. (NYSE: PEO) has reviewed the tender offer amendments ("Offer") made on June 15 and 16 by Bulldog Investors, LLC and Ancora Advisors, LLC (the "Group"), and remains confident that the Offer is not in long-term shareholders' best interests. To remain a...

The Bulldog-Ancora Group, an entity formed by Bulldog Investors, LLC (“Bulldog”) and Ancora Advisors, LLC (“Ancora”), today announced that it has amended its tender offer to acquire up to $70 million worth of shares of Adams Natural Resources Fund, Inc. (NYSE: PEO) in order to remove the condition that at least 4,481,187 Shares, representing 15% of Shares outstanding, be validly tendered and not withdrawn. The Offer and withdrawal rights are scheduled to expire at midnight (one minute...

The Bulldog-Ancora Group, an entity formed by Bulldog Investors, LLC (“Bulldog”) and Ancora Advisors, LLC (“Ancora”), today announced that it has amended its modified Dutch auction tender offer to acquire up to $70 million worth of shares of Adams Natural Resources Fund, Inc. (NYSE: PEO) in order to set a fixed price of 88% of net asset value per share (“NAV”) at the close of the regular trading session of the New York Stock Exchange on the expiration date and to eliminate any...

The Bulldog-Ancora Group, an entity formed by Bulldog Investors, LLC (“Bulldog”) and Ancora Advisors, LLC (“Ancora”), today announced that it is amending its tender offer to acquire up to $70 million worth of shares of Adams Natural Resources Fund, Inc. (NYSE: PEO), for cash at a price per share not less than 83% of net asset value per share (“NAV”) and not more than 88% of NAV of PEO at the close of the regular trading session of the New York Stock Exchange on June 12, 2020, unless...