Saba Capital Management Sells 2701 Shares in Adams Natural Resources Fund

Adams Natural Resources Fund, Inc.[PEO] hereby announces that Saba Capital Management, L.P., a 10% Owner of the Company, has executed a sale of 2701 shares at a price of $21.61 per share on 2025-07-30.

Adams Natural Resources Fund, Inc. [PEO] has recently announced that Saba Capital Management, L.P., a significant owner with a 10% stake in the company, has executed a sale of 2701 shares at a price of $21.61 per share on July 30, 2025 [1]. This transaction has been disclosed under Rule 8.3 of the Takeover Code, which requires public opening position disclosures and dealing disclosures by persons with interests in relevant securities representing 1% or more.

According to the disclosure, Saba Capital Management held a total of 415 shares in Adams Natural Resources Fund, with no short positions reported. The sale of 2701 shares brings the total number of shares owned by Saba Capital Management to zero. The sale was executed at a price of $21.61 per share, indicating a slight decrease from the previous reported price.

The disclosure also notes that Saba Capital Management does not have any rights to subscribe for new securities and has not entered into any agreements, arrangements, or understandings relating to options or derivatives. The transaction has been made without any additional information provided, keeping it in line with the disclosure requirements under the Takeover Code.

This announcement provides transparency to investors and stakeholders, ensuring that they are aware of the significant transactions involving the company's securities. As always, investors are encouraged to review the company's financial reports and other relevant disclosures for a comprehensive understanding of its financial health.

References:
[1] https://www.tradingview.com/news/reuters.com,2025-07-31:newsml_RSe4986Ta:0-reg-saba-capital-mgmt-apax-global-alpha-ld-form-8-3-apax-global-alpha-limited/