ADX - Adams Natural Resources Fund Declares Distribution And Announces First Quarter Performance
BALTIMORE, April 16, 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 May 31, 2019, to shareholders of record May 17, 2019. This distribution represents the second payment this year toward the Fund's annual 6% minimum distribution rate commitment, which can be found at adamsfunds.com. The Fund's distribution rate in 2018 was 6.0%.
FIRST QUARTER PERFORMANCE
For the three months ended March 31st, the total return on Adams Natural Resources' net asset value, with dividends and capital gains reinvested, was 14.5%. Comparable figures for the quarter were 12.7% for the Lipper Global Natural Resources Funds Average and 15.2% 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 15.8%.
For the twelve months ended March 31st, the total return on Adams Natural Resources' net asset value, with dividends and capital gains reinvested, was -0.4%. Comparable figures for the period were -6.8% for the Lipper Global Natural Resources Funds Average and 1.0% for the Fund's benchmark. The total return on the market price of the Fund's shares was -1.5%.
NET ASSET VALUE |
3/31/2019 |
3/31/2018 |
Net assets |
$595,056,145 |
$627,901,744 |
Shares outstanding |
29,534,199 |
28,994,104 |
Net asset value per share |
$20.15 |
$21.66 |
The First Quarter Report to Shareholders is expected to be released on or about April 26, 2019.
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.
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Contact:
Lyn Walther
Director of Shareholder Communications
800.638.2479 ? walther@adamsfunds.com
SOURCE Adams Natural Resources Fund, Inc.