July 19, 2018 - 8:30 AM EDT
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Adams Natural Resources Fund Announces First-Half Performance And Declares Distribution

BALTIMORE, July 19, 2018 /PRNewswire/ -- The Board of Directors of Adams Natural Resources Fund, Inc. (NYSE: PEO) today declared a distribution of $.10 per share from net investment income payable August 31, 2018, to shareholders of record August 17, 2018.  This represents the third payment this year toward the Fund's annual 6% minimum distribution rate commitment.  In 2017, the Fund paid out distributions at an annual rate of 6.1%.  Details regarding the Fund's annual 6% minimum distribution rate commitment can be found at www.adamsfunds.com.

FIRST-HALF PERFORMANCE

Adams Funds (PRNewsFoto/Adams Funds)

For the six months ended June 30th, the total return on Adams Natural Resources' net asset value, with dividends and capital gains reinvested, was 3.3%. Comparable figures for the period were 0.9% for the Lipper Global Natural Resources Funds Average and 5.6% for the Fund's benchmark, which is comprised of the Dow Jones U.S. Oil & Gas Index (80% weight) and the Dow Jones U.S. Basic Materials Index (20% weight). The total return on the market price of the Fund's shares was 2.3%.

For the twelve months ended June 30th, the total return on Adams Natural Resources' net asset value, with dividends and capital gains reinvested, was 17.4%.  Comparable figures for the period were 16.7% for the Lipper Global Natural Resources Funds Average and 20.3% for the Fund's benchmark.  The total return on the market price of the Fund's shares for the period was 14.3%.

NET ASSET VALUE


6/30/2018

6/30/2017

Net assets

$689,145,570

$614,725,670

Shares outstanding

28,995,695

28,551,049

Net asset value per share

$23.77

$21.53

The Semi-Annual Report to Shareholders is expected to be released on or about July 27, 2018.

Since 1929, Adams Funds have 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 80 years across many market cycles. The Funds are committed to paying an annual distribution rate of 6% 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: www.adamsfunds.com.

Contact:
Lyn Walther
Director of Shareholder Communications
800.638.2479 | [email protected] 


 

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SOURCE Adams Natural Resources Fund, Inc.


Source: PR Newswire (July 19, 2018 - 8:30 AM EDT)

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