BALTIMORE, Oct. 8, 2015 /PRNewswire/ --
PERFORMANCE
Adams Diversified Equity Fund, Inc. (NYSE:ADX) continued its
outperformance, reporting a total return on net asset value of
-4.9% for the nine months ended September
30, 2015, ahead of the S&P 500 return of -5.3% and the
Lipper Large-Cap Core Mutual Funds Average (Lipper Peer Group)
return of -6.2% for the same period. The total return on Adams
Diversified Equity's market price was -5.8%.
For the twelve months ended September
30th, the total return on Adams Diversified Equity's net
asset value, with dividends and capital gains reinvested, was
-0.4%. Comparable figures for the S&P 500 and the Lipper Peer
Group were -0.6% and -2.2%, respectively. The total return on Adams
Diversified Equity's market price was -0.6%.
NET ASSET VALUE
|
9/30/15
|
9/30/14
|
|
Net assets
|
$1,424,167,228
|
$1,523,281,729
|
|
Shares
outstanding
|
95,419,646
|
93,508,989
|
|
Net asset value per
share
|
$14.93
|
$16.29
|
The Fund repurchased 883,800 shares of its common stock during
the period at an average price per share of $14.00 and a weighted average discount to net
asset value of 13.8%.
The Fund realized a net capital gain of $0.66 per share from the securities transactions
that it conducted during the period.
The Third Quarter Report to Shareholders is expected to be
released on or about October 16,
2015.
Adams Diversified Equity Fund, Inc., formerly known as The Adams
Express Company, 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.
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SOURCE Adams Diversified Equity Fund, Inc.