Adams Natural Resources Fund Declares Year-End Distribution

BALTIMORE, Nov. 15, 2018 /PRNewswire/ -- Adams Natural Resources Fund, Inc. (NYSE: PEO) declared today a year-end distribution of $0.87 per share. The total distributions by the Fund for 2018 will be $1.17, including the distributions of $0.30 per share made prior to today's announcement. The annual distribution rate represented by these distributions is 6.0%.

The year-end distribution consists of the following:

• $0.17 per share from 2018 net investment income
• $0.35 per share from net capital gains realized during 2018, comprised all of long-term gain.
• $0.35 per share return of capital.

This marks the 67^th consecutive year that the Fund has paid out capital gains and the 84^th consecutive year it has paid out dividends to its shareholders.

Commenting on the year-end distribution, Mark E. Stoeckle, CEO of Adams Natural Resources Fund, said: "We remain committed to distributing at least 6% of the Fund's trailing 12-month average month-end market price to shareholders. Our 2018 year-end distribution is comprised of dividend income, capital gains, and a non-taxable return of capital. Given the volatility in the Energy sector this year, we believe that incorporating a non-taxable return of capital component adds tax-efficiency in meeting our distribution commitment to shareholders."

The payable date for the distribution is December 21, 2018, the record date is November 26, 2018, and the ex-dividend date is November 23, 2018. The year-end distribution is payable in stock and/or cash at the option of each shareholder.

Details regarding the annual 6% minimum distribution rate can be found at adamsfunds.com.

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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 Natural Resources Fund, Inc.

Related Links

https://www.adamsfunds.com