BALTIMORE, Dec. 12, 2016 /PRNewswire/ -- Adams Natural
Resources Fund, Inc. (NYSE: PEO) has determined that $20.66 per share is the issue price for the
closed-end 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 12, 2016.
The shares of common stock will be issued in payment of the
$0.84 year-end distribution,
consisting of $0.16 in net investment
income and $0.68 in net realized
capital gains. The year-end distribution is payable on December 23, 2016.
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 6.1% 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 65
consecutive years and has paid dividends for 82 consecutive
years.
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), 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.
Contact:
For Investor
Relations:
Nancy Floyd
Prue
Adams Funds
410.752.5900
Prue@adamsfunds.com
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SOURCE Adams Natural Resources Fund, Inc.