David D. Weaver, former Executive Vice President, resigned from the Fund last week. He served as Executive Vice President beginning in 2010 and was a member of the portfolio management team. "David contributed greatly to the success of the Fund during his tenure and is highly regarded by all of us. We wish him well in his future endeavors," said Mr. Stoeckle.
Petroleum & Resources is a Baltimore-based closed-end fund that has been operating as an investment company since 1929. Its stock trades on the New York Stock Exchange under the symbol PEO.
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