The Bulldog-Ancora Group Amends Tender Offer for Adams Natural Resources Fund

Jun 04, 2020

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 extended. The Offer and withdrawal rights will now expire at midnight (one minute after 11:59 p.m.), New York City Time, on June 12, 2020, unless the Offer is extended.

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