BALTIMORE, July 13, 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
September 1, 2016, to shareholders of
record August 12, 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 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 11.1%.
Comparable figures for the Dow Jones U.S. Oil & Gas Index and
the Dow Jones U.S. Basic Materials Index were 15.0% and 8.6%,
respectively. The total return on the market price of the
Fund's shares was 14.6%.
For the twelve months ended June
30th, the total return on Adams Natural Resources' net asset
value, with dividends and capital gains reinvested, was
-6.8%. Comparable figures for the Dow Jones U.S. Oil &
Gas Index and the Dow Jones U.S. Basic Materials Index were -6.6%
and -3.6%, respectively. The total return on the market price
of the Fund's shares for the period was -3.0%.
|
NET ASSET
VALUE
|
|
|
6/30/2016
|
6/30/2015
|
|
Net assets
|
$640,217,539
|
$721,818,409
|
|
Shares
outstanding
|
28,092,864
|
27,393,658
|
|
Net asset value per
share
|
$22.79
|
$26.35
|
The Semi-Annual Report to Shareholders is expected to be
released on or about July 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.