Adams Diversified Equity Fund Announces Preliminary Tender Offer Results
2024年8月5日 - 10:00PM
Adams Diversified Equity Fund, Inc. (NYSE: ADX) announced today the
preliminary results of its offer to purchase up to 12,405,174 of
its common shares at $22.47, 98% of the $22.93 net asset value per
share (“NAV”) at the close of regular trading on the New York Stock
Exchange on August 2, 2024, the expiration date. The tender offer
expired at 5:00 p.m. (ET) on August 2, 2024 and was not extended.
Based on the preliminary count by Equiniti Trust Company, LLC
(“EQ”), the depositary for the tender offer, a total of 41,882,825
common shares of ADX were validly tendered and not
withdrawn. The total amount of shares tendered exceeded the
offer amount, and the Fund expects to purchase tendered shares on a
pro rata basis.
In accordance with the terms and conditions of the tender offer
and based on the preliminary count by EQ, ADX expects to accept for
payment all 12,405,174 common shares subject to the tender
offer.
The preliminary information contained in this press release is
subject to confirmation by EQ. The final proration factor will be
announced following completion by EQ of the confirmation process.
Payment for the shares accepted for purchase under the tender offer
and return of all other shares tendered and not purchased will
occur promptly thereafter.
EQ Fund Solutions, LLC is the information agent for the Offer.
Shareholders with questions may call EQ Fund Solutions, LLC at
(888) 886-4425.
About Adams Funds
Since 1929, Adams Funds has consistently helped generations of
investors reach their investment goals. Adams Funds is comprised of
two closed-end funds, Adams Diversified Equity Fund, Inc. (NYSE:
ADX) and Adams Natural Resources Fund, Inc. (NYSE: PEO). The Funds
are actively managed by an experienced team with a disciplined
approach and have paid dividends for more than 85 years across many
market cycles. The Funds are committed to paying a minimum annual
distribution rate of 8% of NAV or more, providing reliable income
to long-term investors. Shares can be purchased through our
transfer agent or through a broker. For more information about
Adams Funds, please visit: adamsfunds.com.
For further information please contact:
adamsfunds.com/about/contact or 800.638.2479
Statements in this press release that are not historical facts
are “forward-looking statements” as defined by the U.S. securities
laws. You should exercise caution in interpreting and relying on
forward-looking statements because they are subject to
uncertainties and other factors which are, in some cases, beyond
the Fund’s control and could cause actual results to differ
materially from those set forth in the forward-looking statements.
All forward-looking statements are as of the date of this release
only; the Fund undertakes no obligation to update or review any
forward-looking statements.
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