BALTIMORE, Jan. 22, 2018 /PRNewswire/ -- Adams Funds,
comprised of Adams Diversified Equity Fund, Inc. (NYSE: ADX) and
Adams Natural Resources Fund, Inc. (NYSE: PEO), two of the oldest
closed-end funds, today announced that, after 21 years with the
Funds, Lawrence (Laurie) L. Hooper,
Jr., will be retiring in July
2018. Laurie has served as Adams Funds' General Counsel and
Corporate Secretary since 1997, and as Chief Compliance Officer
since 2005.
"Laurie has served our companies incredibly well for over two
decades. He has been a trusted advisor and has had a distinguished
career at Adams Funds. Although his well-deserved retirement will
not begin until July, I will certainly miss his good counsel and
friendship," said Mark Stoeckle, CEO
of Adams Funds.
The Funds announced that Janis F.
Kerns joined the firm as Assistant General Counsel,
effective January 22, 2018. Upon Mr.
Hooper's retirement, Ms. Kerns will assume the offices of General
Counsel, Corporate Secretary, and Chief Compliance Officer.
Ms. Kerns has over 20 years of experience in the investment
management industry. Most recently, she worked for the law firm of
Nelson Mullins Riley &
Scarborough, where she spent seven years in its Financial Services
Practice Group. Her practice focused on the investment and asset
management industry. Ms. Kerns also spent three years as senior
counsel in the Securities and Exchange Commission's Division of
Investment Management. She holds a J.D. from the American University, Washington College of Law, and a B.A. in
Chemistry from Wake Forest
University.
"We are thrilled to welcome Janis to our team," said
Mark Stoeckle. "She brings a wealth
of expertise in investment management to the firm and we know she
will be an excellent addition to our company."
"I am excited to join Adams Funds," said Ms. Kerns. "I look
forward to working with the experienced and talented team at Adams,
building upon its success, and contributing to the Funds'
commitment to creating value for shareholders."
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
Adams Funds
410.752.5900 or 800.638.2479
walther@adamsfunds.com
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SOURCE Adams Diversified Equity Fund; Adams Natural Resources
Fund