BALTIMORE, July 13, 2017 /PRNewswire/ -- The Board of
Directors of Adams Natural Resources Fund, Inc. (NYSE: PEO) today
declared a distribution of $.10 per
share from net investment income payable September 1, 2017, to shareholders of record
August 11, 2017. This
distribution represents the third payment this year toward the
Fund's annual 6% minimum distribution rate commitment. In
2016, the Fund paid out distributions at an annual distribution
rate of 6.1%. Details regarding the Fund's annual 6% minimum
distribution rate commitment can be found at
www.adamsfunds.com.
FIRST HALF PERFORMANCE
For the six months ended June
30th, the total return on Adams Natural Resources' net asset
value, with dividends and capital gains reinvested, was -9.5%.
Comparable figures for the Dow Jones U.S. Oil & Gas Index, the
Dow Jones U.S. Basic Materials Index, and the Lipper Global Natural
Resources Funds Average were -13.4%, 8.6%, and -6.9%,
respectively. The total return on the market price of the
Fund's shares was -6.3%.
For the twelve months ended June
30th, the total return on Adams Natural Resources' net asset
value, with dividends and capital gains reinvested, was
-0.2%. Comparable figures for the Dow Jones U.S. Oil &
Gas Index, the Dow Jones U.S. Basic Materials Index, and the Lipper
Global Natural Resources Funds Average were -5.0%, 20.3%, and 1.7%,
respectively. The total return on the market price of the
Fund's shares for the period was -1.7%.
"The Energy sector was particularly challenging in the first
half of 2017 due to lower oil prices. The Fund was down 9.5%,
which, due to its diversified portfolio, was better than the 12.6%
decline of the Energy sector in the S&P 500," said Mark Stoeckle, CEO of Adams Funds.
|
NET ASSET
VALUE
|
|
6/30/2017
|
6/30/2016
|
|
Net assets
|
$614,725,670
|
$640,217,539
|
|
Shares
outstanding
|
28,551,049
|
28,092,864
|
|
Net asset value per
share
|
$21.53
|
$22.79
|
The Semi-Annual Report to Shareholders is expected to be
released on or about July 21,
2017.
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) and Adams Natural Resources Fund, Inc. (NYSE: PEO). The Funds
are actively managed by an experienced team with a disciplined
approach and have 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:
Lyn
Walther
Director of Shareholder Communications
410.752.5900 │ walther@adamsfunds.com
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SOURCE Adams Natural Resources Fund, Inc.