BALTIMORE, Oct. 17, 2018 /PRNewswire/ -- 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 4.0%. Comparable figures for the period were 0.3%
for the Lipper Global Natural Resources Funds Average and 6.2% for
the Fund's benchmark, which is comprised of the Dow Jones U.S. Oil
& Gas Index (80% weight) and the Dow Jones U.S. Basic Materials
Index (20% weight). The total return on the market price of the
Fund's shares for the period was 2.0%.
For the twelve months ended September
30th, the total return on Adams Natural
Resources' net asset value, with dividends and capital gains
reinvested, was 10.7%. Comparable figures for the period were 7.0%
for the Lipper Global Natural Resources Funds Average and 13.2% for
the Fund's benchmark. The total return on the market price of
the Fund's shares for the period was 7.8%.
NET ASSET
VALUE
|
|
9/30/2018
|
9/30/2017
|
Net assets
|
$690,335,277
|
$652,532,456
|
Shares
outstanding
|
28,995,647
|
28,550,279
|
Net asset value per
share
|
$23.81
|
$22.86
|
The Third Quarter Report to Shareholders is expected to be
released on or about October 26,
2018.
###
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: 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.