BALTIMORE, Oct. 12, 2017 /PRNewswire/ --
PERFORMANCE
Adams Natural Resources Fund, Inc. (NYSE: PEO) today announced
the Fund's results for the nine months ended September 30th. The total return on
Adams Natural Resources' net asset value, with dividends and
capital gains reinvested, was -3.3%. Comparable figures for the Dow
Jones U.S. Oil & Gas Index and the Dow Jones U.S. Basic
Materials Index were -7.6% and 16.9%, respectively. The total
return on the market price of the Fund's shares for the period was
-1.0%.
For the twelve months ended September
30th, the total return on Adams Natural
Resources' net asset value, with dividends and capital gains
reinvested, was 3.7%. Comparable figures for the Dow Jones U.S. Oil
& Gas Index and the Dow Jones U.S. Basic Materials Index were
-1.0% and 23.8%, respectively. The total return on the market price
of the Fund's shares for the period was 4.2%.
"The Fund was down 3.3% for the first nine months of 2017, which
compares to a 7.6% decline in the Dow Jones U.S. Oil and Gas Index.
The outperformance was mainly a result of the Fund's
diversification and exposure to the Materials sector," said
Mark Stoeckle, CEO of Adams
Funds.
NET ASSET VALUE
|
9/30/2017
|
9/30/2016
|
Net assets
|
$652,532,456
|
$654,966,712
|
Shares
outstanding
|
28,550,279
|
28,092,075
|
Net asset value per
share
|
$22.86
|
$23.31
|
The Third Quarter Report to Shareholders is expected to be
released on or about October 20,
2017.
Since 1929, Adams Funds have 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
800.638.2479 │ walther@adamsfunds.com
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SOURCE Adams Natural Resources Fund, Inc.