BALTIMORE, July 15, 2021 /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, 2021, to shareholders of record
August 18, 2021. This
represents the third payment this year toward the Fund's annual 6%
minimum distribution rate commitment. Details regarding the
Fund's annual 6% minimum distribution rate commitment can be found
at adamsfunds.com.
FIRST-HALF PERFORMANCE
"Energy has been the best performing sector in the S&P 500
in the first six months of 2021, outperforming by more than 30%.
Our Fund, with exposure to both Energy and Materials, rose 36.3%,
in line with its benchmark," said Mark
Stoeckle, CEO of Adams Funds.
For the six months ended June 30,
2021, the total return on Adams Natural Resources' net asset
value, with dividends and capital gains reinvested, was 36.3%. This
compares to a total return of 36.3% for the Fund's benchmark, which
is comprised of the S&P 500 Energy Sector (70% weight) and the
S&P 500 Materials Sector (30% weight) over the same
period. Effective January 1,
2021, the Fund's benchmark weightings were changed from
S&P 500 Energy Sector (80%) and S&P 500 Materials Sector
(20%) to the current weightings. The Fund's total return on the
market price was 44.4%.
For the twelve months ended June 30,
2021, the total return on Adams Natural Resources' net asset
value, with dividends and capital gains reinvested, was
50.9%. Comparable return for the Fund's benchmark (using
weightings as adjusted over the period) was 49.6%. The Fund's
total return on market price was 51.1%.
NET ASSET VALUE
|
6/30/2021
|
6/30/2020
|
Net assets
|
$445,829,119
|
$386,756,707
|
Shares
outstanding
|
24,084,879
|
29,778,381
|
Net asset value per
share
|
$18.51
|
$12.99
|
The Semi-Annual Report to Shareholders is expected to be
released on or about July 21,
2021.
###
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: adamsfunds.com.
Contact:
Lyn
Walther
Director of Shareholder Communications
800.638.2479 │ investorrelations@adamsfunds.com
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SOURCE Adams Funds