Adams Natural Resources Fund Reports Nine-Month Results

News provided by

Adams Natural Resources Fund, Inc.

Oct 17, 2018, 15:52 ET

BALTIMORE, Oct. 17, 2018 /PRNewswire/ -- Adams Natural Resources Fund, Inc. (NYSE: PEO) today announced the Fund's results for the nine months ended September 30th. The total return on Adams Natural Resources' net asset value, with dividends and capital gains reinvested, was 4.0%. Comparable figures for the period were 0.3% for the Lipper Global Natural Resources Funds Average and 6.2% for the Fund's benchmark, which is comprised of the Dow Jones U.S. Oil & Gas Index (80% weight) and the Dow Jones U.S. Basic Materials Index (20% weight). The total return on the market price of the Fund's shares for the period was 2.0%.

For the twelve months ended September 30th, the total return on Adams Natural Resources' net asset value, with dividends and capital gains reinvested, was 10.7%. Comparable figures for the period were 7.0% for the Lipper Global Natural Resources Funds Average and 13.2% for the Fund's benchmark.  The total return on the market price of the Fund's shares for the period was 7.8%.

NET ASSET VALUE

 

9/30/2018

9/30/2017

Net assets

$690,335,277

$652,532,456

Shares outstanding

28,995,647

28,550,279

Net asset value per share

$23.81

$22.86

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 Natural Resources Fund, Inc.

Related Links

https://www.adamsfunds.com

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