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Adams Diversified Equity Fund (ADX) isn't a closed-end fund that is covered too often. This is probably for the simple fact that it doesn't fit the 'mold' of a typical CEF that most investors are looking for. ADX pays a small quarterly distribution, then a significantly larger year-end special that includes all the capital gains and income that is required. This allows the fund to avoid income taxes on the fund level. It also allows them to maintain a regulated investment company, or RIC, status.