PEO - Adams Natural Resources Fund Updates Distribution Declaration
BALTIMORE, Feb. 13, 2020 /PRNewswire/ -- Adams Natural Resources Fund, Inc. (NYSE: PEO) has updated the composition of its $0.10 per share first quarter distribution. The total distribution amount of $0.10 per share is unchanged.
On January 16, 2020, Adams Natural Resources Fund announced that the $0.10 per share distribution consisted of $0.03 net investment income and $0.01 long-term capital gain, both realized in 2019, and $0.06 net investment income realized in 2020. The Fund has revised the $0.10 distribution to consist of $0.03 net investment income, $0.03 long-term capital gain, both realized in 2019, and $0.04 net investment income realized in 2020. The distribution is payable February 28, 2020 to shareholders of record February 14, 2020. This revision has no impact on the 1099 tax forms for 2019 recently distributed to shareholders.
Previous |
Current |
Net investment income, realized in 2019 |
$0.03 |
$0.03 |
Long-term capital gain, realized in 2019 |
$0.01 |
$0.03 |
Net investment income, realized in 2020 |
$0.06 |
$0.04 |
Total distribution |
$0.10 |
$0.10 |
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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 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
410.752.5900
investorrelations@adamsfunds.com
SOURCE Adams Funds