Adams Diversified Equity Fund Declares Year-End Distribution; Exceeds Its Annual 6% Minimum Distribution Rate Commitment

BALTIMORE, Nov. 12, 2020 /PRNewswire/ -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) declared today a year-end distribution of $0.88 per share. The total distributions by the Fund for 2020 will be $1.03, including the distributions totaling $0.15 per share made prior to today's announcement. The annual distribution rate represented by these distributions is 6.8%.

The year-end distribution consists of the following:

• $0.07 per share from 2020 net investment income; and
• $0.81 per share from net capital gains realized during 2020, comprised all of long-term gain.

This marks the 56^th consecutive year that the Fund has paid out capital gains and the 85^th consecutive year it has paid out dividends to its shareholders.

Commenting on the year-end distribution, Mark E. Stoeckle, CEO of Adams Diversified Equity Fund, said: "In what has been a challenging year for everyone, we are proud to continue our long history of providing a substantial distribution to our shareholders. We are pleased to announce our 2020 distribution rate of 6.8%, which exceeds our commitment to distribute at least 6% of the Fund's trailing 12-month average month-end market price."

The payable date for the distribution is December 23, 2020, the record date is November 23, 2020, and the ex-dividend date is November 20, 2020. The year-end distribution is payable in stock and/or cash at the option of each shareholder.

Details regarding the annual distribution rates and the Fund's 6% minimum distribution commitment can be found at adamsfunds.com.

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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  │ [email protected]

SOURCE Adams Funds