BALTIMORE, April 14, 2016 /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
June 1, 2016, to shareholders of
record May 13, 2016. This
distribution represents the second payment this year toward the
Fund's annual 6% minimum distribution rate commitment. In
2015, the Fund paid out distributions at an annual distribution
rate of 6.2%. Details regarding the Fund's annual 6% minimum
distribution rate commitment can be found at
www.adamsfunds.com.
FIRST QUARTER PERFORMANCE
For the three months ended March
31st, the total return on Adams Natural
Resources' net asset value, with dividends and capital gains
reinvested, was 3.2%. 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 Index (Lipper Peer Group)
were 3.6%, 4.2%, and 7.8%, respectively. The total return on
the market price of the Fund's shares was 2.0%.
For the twelve months ended March
31st, the total return on Adams Natural
Resources' net asset value, with dividends and capital gains
reinvested, was -14.2%. 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 Index were
-17.5%, -8.5%, and -15.1%, respectively. The total
return on the market price of the Fund's shares for the period
was -16.4%.
NET ASSET
VALUE
|
|
3/31/2016
|
3/31/2015
|
Net assets
|
$597,530,566
|
$730,854,522
|
Shares
outstanding
|
28,092,821
|
27,392,919
|
Net asset value per
share
|
$21.27
|
$26.68
|
The First Quarter Report to Shareholders is expected to be
released on or about April 22,
2016.
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:
Nancy J. Floyd
Prue
Executive Vice President
Director of Shareholder Communications
410.752.5900 │ prue@adamsfunds.com
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SOURCE Adams Natural Resources Fund, Inc.