BALTIMORE, Dec. 8, 2017 /PRNewswire/ -- Adams
Diversified Equity Fund, Inc. (NYSE: ADX) has determined that
$14.83 per share is the issue price
for the Fund's year-end distribution for shareholders who have
elected to receive the distribution in the form of stock. This
price is the mean between the high and low sales prices of the
Fund's stock on the New York Stock Exchange on December 8, 2017.
The shares of common stock will be issued in payment of the
$1.23 year-end distribution,
consisting of $0.08 in net investment
income and $1.15 in net realized
capital gains. The year-end distribution is payable on December 22, 2017.
The Fund has committed to distributing each year an amount equal
to at least 6% of the Fund's trailing 12-month average month-end
market price. This year, the Fund is distributing an amount that
results in a 9.8% annual distribution rate, exceeding the 6%
commitment. Please see the information posted on our website,
www.adamsfunds.com, for more details concerning the annual 6%
minimum distribution rate commitment.
The Fund has paid out capital gains to its shareholders for 53
consecutive years and has paid dividends for 82 consecutive
years.
Management plans to hold a conference call to discuss the Fund's
2017 performance on January 31, 2018
at 2:00 P.M. EST. The dial in number
is 1-877-270-2148. Please ask to be joined to the Adams Funds call.
The call will also be simultaneously broadcast at
www.adamsfunds.com. A recording of the call will be
available shortly after its conclusion and until February 21, 2018 by dialing 1-877-344-7529. The
replay ID is 10112238.
About Adams Funds
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), formerly named The Adams Express Company, and Adams Natural
Resources Fund, Inc. (NYSE: PEO), formerly named Petroleum &
Resources Corporation. The Funds are actively managed by an
experienced team with a disciplined approach that has 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.
For further information, please contact:
Lyn Walther
Director of Shareholder Communications
800.638.2479
investorrelations@adamsfunds.com
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SOURCE Adams Diversified Equity Fund, Inc.