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Saba capital management sells Adams natural resources (PEO) shares

Published 24/06/2025, 14:44
Saba capital management sells Adams natural resources (PEO) shares
PEO
-0.50%

Saba Capital Management, a ten percent owner, reported selling 2,396 shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) common stock on June 23, 2025. The shares were sold at a price of $22.11, for a total transaction value of $52,975. The $565.64 million market cap company currently trades at $21.60, offering investors a substantial 9.57% dividend yield. InvestingPro analysis reveals the company has maintained dividend payments for an impressive 54 consecutive years.

Following the transaction, Saba Capital Management still owns 2,884,196 shares of the company.

Boaz Weinstein, also listed as a ten percent owner, signed the report.

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