ADX - Adams Natural Resources Fund Announces First-Half Performance And Declares Distribution
BALTIMORE, July 18, 2019 /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 30, 2019, to shareholders of record August 16, 2019. This represents the third payment this year toward the Fund's annual 6% minimum distribution rate commitment. Details regarding the Fund's annual 6% minimum distribution rate commitment can be found at adamsfunds.com.
FIRST-HALF PERFORMANCE
For the six months ended June 30th, the total return on Adams Natural Resources' net asset value, with dividends and capital gains reinvested, was 13.8%. Comparable figures for the period were 13.0% for the Lipper Global Natural Resources Funds Average and 14.0% for the Fund's benchmark, which is comprised of the S&P 500 Energy Sector (80% weight) and the S&P 500 Materials Sector (20% weight). The total return on the market price of the Fund's shares was 15.0%.
For the twelve months ended June 30th, the total return on Adams Natural Resources' net asset value, with dividends and capital gains reinvested, was -10.2%. Comparable figures for the period were -10.3% for the Lipper Global Natural Resources Funds Average and -10.0% for the Fund's benchmark. The total return on the market price of the Fund's shares for the period was -11.7%.
NET ASSET VALUE |
6/30/2019 |
6/30/2018 |
Net assets |
$587,698,608 |
$689,145,570 |
Shares outstanding |
29,534,297 |
28,995,695 |
Net asset value per share |
$19.90 |
$23.77 |
The Semi-Annual Report to Shareholders is expected to be released on or about July 29, 2019.
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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 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: adamsfunds.com.
Contact:
Lyn Walther
Director of Shareholder Communications
800.638.2479 ? walther@adamsfunds.com
SOURCE Adams Natural Resources Fund, Inc.