BALTIMORE, Nov. 10, 2016 /PRNewswire/ -- Adams
Diversified Equity Fund, Inc. (NYSE: ADX) declared today a year-end
distribution of $0.84 per share. The
total distributions by the Fund for 2016 will be $0.99, including the distributions of
$0.15 per share made prior to today's
announcement. The annual distribution rate represented by these
distributions is 7.8%.
The year-end distribution consists of the following:
- $0.79 per share from net capital
gains realized during 2016, comprised all of long-term gain.
- $0.05 per share from 2016 net
investment income.
This marks the 52nd consecutive year that the Fund
has paid out capital gains and the 81st consecutive year
it has paid out dividends to its shareholders.
Commenting on the year-end distribution, Mark E. Stoeckle, CEO of Adams Diversified
Equity Fund, said: "Our 7.8% distribution rate for this year
exceeds the commitment we made to our shareholders that we will
distribute each year an amount equal to at least 6% of the Fund's
trailing 12-month average month-end market price. We are proud of
our long history of providing dividend income and capital gains to
our shareholders and this year's distributions add to that
exceptional track record."
The payable date for the distribution is December 28, 2016, the record date is
November 25, 2016, and the
ex-dividend date is November 22,
2016. The year-end distribution is payable in stock or cash
at the option of each shareholder.
Details regarding the annual 6% minimum distribution rate can be
found at www.adamsfunds.com.
Adams Diversified Equity Fund is a Baltimore-based closed-end fund that has been
operating as an investment company since 1929. Its stock trades on
the New York Stock Exchange under the ticker symbol
ADX.
For further information, please contact:
Nancy J. Floyd Prue
Executive Vice President
Director of Shareholder Communications
410.752.5900 or 800.638.2479
Email: contact@adamsfunds.com
adamsfunds.com
Logo - http://photos.prnewswire.com/prnh/20151103/283323LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/adams-diversified-equity-fund-declares-year-end-distribution-exceeds-its-annual-6-minimum-distribution-rate-commitment-300360828.html
SOURCE Adams Diversified Equity Fund, Inc.