Adams Diversified Equity Fund Reports Nine-Month Results

BALTIMORE, Oct. 17, 2018 /PRNewswire/ -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) today announced the Fund's results for the nine months ended September 30^th. The total return on Adams Diversified Equity's net asset value, with dividends and capital gains reinvested, was 11.3%. Comparable figures for the S&P 500 and the Lipper Large-Cap Core Funds Average were 10.6% and 8.8%, respectively.  The total return on the market price of the Fund's shares for the period was 12.0%.

For the twelve months ended September 30th, the total return on Adams Diversified Equity's net asset value, with dividends and capital gains reinvested, was 19.6%. Comparable figures for the S&P 500 and the Lipper Large-Cap Core Funds Average were 17.9% and 15.7%, respectively. The total return on the market price of the Fund's shares for the period was 19.8%.

"Strong returns from our investments in Technology, Consumer Discretionary, and Industrials enabled our Fund to exceed its benchmark over the past nine and 12 months," said Mark Stoeckle, CEO of Adams Funds. "We are pleased with our performance and remain focused on continuing to deliver consistent investment returns for our shareholders."

The Fund repurchased 855,556 shares of its common stock during the past nine months at an average price per share of $15.61 and a weighted average discount to NAV of 14.2%.

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 │ [email protected]

SOURCE Adams Diversified Equity Fund, Inc.

Related Links

http://adamsfunds.com

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED