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Saba Capital Sells 16,161 Shares in Adams Natural Resources Fund at $21.32/Share.
ByAinvest
Monday, Aug 4, 2025 12:03 pm ET1min read
ADAMS NATURAL RESOURCES FUND, INC.[PEO] has announced that Saba Capital Management, L.P., a 10% owner, has executed a transaction involving the sale of 5491 shares at a price of $21.54 per share on July 31, 2025, and an additional 11270 shares at a price of $21.09 per share on August 1, 2025.
Adams Natural Resources Fund, Inc. [PEO] has announced significant share transactions executed by Saba Capital Management, L.P., a 10% owner of the company. Saba Capital Management sold 5491 shares at a price of $21.54 per share on July 31, 2025, and an additional 11270 shares at a price of $21.09 per share on August 1, 2025 [1].The sale of 5491 shares at $21.54 per share and 11270 shares at $21.09 per share brings the total number of shares sold by Saba Capital Management to 16761. This transaction has been disclosed under Rule 8.3 of the Takeover Code, which mandates public disclosures by significant shareholders. The sale was executed at a slight decrease from the previous reported price, indicating a market adjustment.
Saba Capital Management held a total of 415 shares in Adams Natural Resources Fund, with no short positions reported. The sale of 16761 shares brings the total number of shares owned by Saba Capital Management to zero. 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, adhering to the disclosure requirements under the Takeover Code.
This announcement provides transparency to investors and stakeholders, ensuring they are aware of significant transactions involving the company's securities. 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.ainvest.com/news/saba-capital-management-sells-2701-shares-adams-natural-resources-fund-2508/
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