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

BALTIMORE, Nov. 11, 2021 /PRNewswire/ -- Adams Natural Resources Fund, Inc. (NYSE: PEO) declared today a year-end distribution of $0.61 per share. The total distributions by the Fund for 2021 will be $0.91, including the distributions totaling $0.30 per share made prior to today's announcement. The annual distribution rate represented by these distributions is 6.3%.

The year-end distribution consists of the following:

• $0.29 per share from 2021 net investment income; and

• $0.32 per share from net capital gains realized during 2021, of which $0.29 was short-term gain and $0.03 was long-term gain.

This marks the 70^th consecutive year that the Fund has paid out capital gains and the 87^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: "Energy's strong performance this year contributed positively to our long history of providing a substantial distribution to our shareholders. We are proud to continue this history and are pleased to announce our 2021 distribution rate of 6.3%. This exceeds our commitment to distribute at least 6% of the Fund's trailing 12-month average month-end market price to shareholders."

The payable date for the distribution is December 17, 2021, the record date is November 22, 2021, and the ex-dividend date is November 19, 2021. 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:
Shareholder Communications
800.638.2479 │ [email protected]  

SOURCE Adams Natural Resources Fund, Inc.