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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Adams Diversified Equity Fund Inc | NYSE:ADX | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 20.10 | 0 | 09:05:05 |
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
Photo - http://photos.prnewswire.com/prnh/20151103/283323LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/adams-natural-resources-fund-declares-distribution-and-announces-first-half-performance-300298393.html
SOURCE Adams Natural Resources Fund, Inc.
Copyright 2016 PR Newswire
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