Adams Diversified Equity Fund Announces $21.29 Issue Price of Shares and Sources of Distribution for Third Quarter Distribution Payable August 30, 2024
Adams Diversified Equity Fund (NYSE: ADX) has announced its third quarter distribution details. The issue price is set at $21.29 per share, based on the mean of high and low sales prices on August 21, 2024. The $0.44 distribution, payable on August 30, 2024, is part of the fund's new managed distribution policy, which commits to an 8% annual rate of average net asset value (NAV).
The distribution sources are: 9% from net investment income and 91% from net realized long-term gains. The fund's 5-year average annual total return is 15.2%, with a current annualized distribution rate of 7.4%. ADX has a strong history, having paid dividends for over 89 consecutive years and capital gains for more than 60 years.
Il Fondo di Azioni Diversificate Adams (NYSE: ADX) ha annunciato i dettagli della distribuzione del terzo trimestre. Il prezzo di emissione è fissato a $21.29 per azione, basato sulla media dei prezzi massimi e minimi di vendita del 21 agosto 2024. La distribuzione di $0.44, pagabile il 30 agosto 2024, fa parte della nuova politica di distribuzione gestita del fondo, che si impegna a un tasso annuo dell'8% del valore medio degli attivi netti (NAV).
Le fonti della distribuzione sono: 9% proveniente da reddito netto da investimenti e 91% proveniente da guadagni netti realizzati a lungo termine. Il ritorno totale medio annuale del fondo negli ultimi 5 anni è 15.2%, con un tasso di distribuzione annualizzato attuale del 7.4%. ADX ha una storia solida, avendo pagato dividendi per oltre 89 anni consecutivi e guadagni di capitale per più di 60 anni.
El Fondo de Acciones Diversificadas Adams (NYSE: ADX) ha anunciado los detalles de la distribución del tercer trimestre. El precio de emisión se establece en $21.29 por acción, basado en la media de los precios de venta máximos y mínimos del 21 de agosto de 2024. La distribución de $0.44, que se pagará el 30 de agosto de 2024, es parte de la nueva política de distribución gestionada del fondo, que se compromete a una tasa anual del 8% del valor neto promedio de los activos (NAV).
Las fuentes de distribución son: 9% de ingresos netos por inversiones y 91% de ganancias netas realizadas a largo plazo. El retorno total promedio anual del fondo en los últimos 5 años es de 15.2%, con una tasa de distribución anualizada actual del 7.4%. ADX tiene una sólida historia, habiendo pagado dividendos durante más de 89 años consecutivos y ganancias de capital durante más de 60 años.
아담스 분산 주식 펀드(NYSE: ADX)가 제3 분기 배당금 세부사항을 발표했습니다. 발행가는 2024년 8월 21일의 최고 및 최저 판매 가격의 평균을 기준으로 $21.29로 설정되었습니다. $0.44의 배당금은 2024년 8월 30일에 지급되며, 이는 펀드의 새로운 관리 배당 정책의 일환으로 연 8%의 평균 순 자산 가치(NAV)를 약속합니다.
배당금의 출처는 9%는 순 투자 소득에서, 91%는 순 장기 이익에서 발생합니다. 펀드의 5년 평균 연간 총 수익률은 15.2%이며, 현재 연간 배당률은 7.4%입니다. ADX는 89년 이상 연속으로 배당금을 지급하고, 60년 이상 자본 이익을 지급한 강력한 역사를 가지고 있습니다.
Le Fonds d'Actions Diversifiées Adams (NYSE: ADX) a annoncé les détails de sa distribution pour le troisième trimestre. Le prix d'émission est fixé à $21.29 par action, basé sur la moyenne des prix de vente maximum et minimum du 21 août 2024. La distribution de $0.44, payable le 30 août 2024, fait partie de la nouvelle politique de distribution gérée du fonds, qui s'engage à un taux annuel de 8% de la valeur nette d'actif (NAV) moyenne.
Les sources de distribution sont : 9% provenant des revenus nets d'investissement et 91% provenant des gains réalisés à long terme. Le rendement total annuel moyen du fonds sur les 5 dernières années est de 15.2%, avec un taux de distribution annualisé actuel de 7.4%. ADX a une solide histoire, ayant payé des dividendes pendant plus de 89 années consécutives et des gains en capital pendant plus de 60 ans.
Der Adams Diversified Equity Fund (NYSE: ADX) hat die Details zur Ausschüttung für das dritte Quartal bekannt gegeben. Der Ausgabepreis liegt bei $21.29 pro Aktie, basierend auf dem Durchschnitt der höchsten und niedrigsten Verkaufspreise am 21. August 2024. Die Ausschüttung von $0.44, die am 30. August 2024 zahlbar ist, gehört zur neuen verwalteten Ausschüttungspolitik des Fonds, die sich zu einer jährlichen Rate von 8% des durchschnittlichen Nettovermögenswerts (NAV) verpflichtet.
Die Quellen der Ausschüttung sind: 9% aus Nettoinvestitionseinkünften und 91% aus realisierten langfristigen Gewinnen. Die jährliche Gesamtrendite des Fonds über die letzten 5 Jahre beträgt 15.2%, mit einem aktuellen annualisierten Ausschüttungssatz von 7.4%. ADX hat eine starke Geschichte, da es über 89 aufeinanderfolgende Jahre Dividenden und mehr als 60 Jahre Kapitalgewinne gezahlt hat.
- New managed distribution policy committing to an 8% annual rate of average NAV
- Strong 5-year average annual total return of 15.2%
- Consistent dividend payment history of over 89 consecutive years
- Capital gains distributions for more than 60 consecutive years
- None.
Insights
The announcement of Adams Diversified Equity Fund's
The fund's policy to distribute
However, investors should note the relatively low
The shift to a managed distribution policy by Adams Diversified Equity Fund is a strategic move that could enhance its appeal to income-focused investors. By committing to a minimum
The fund's long-term performance metrics are impressive, with a
However, investors should be cautious. The heavy reliance on capital gains for distributions (
The tax implications of Adams Diversified Equity Fund's distribution are noteworthy. With
The fund's history of paying capital gains for over 60 consecutive years suggests a consistent ability to generate taxable events. While this indicates strong performance, it may not be ideal for tax-sensitive investors in higher brackets.
It's important to note that the fund provides estimates for tax reporting purposes, with actual figures potentially changing. The Form 1099-DIV will be the definitive document for tax reporting. Investors should consult with tax professionals to understand the impact on their specific situations, especially given the fund's long-term approach and potential for compounding tax events over time.
BALTIMORE, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) has determined that
The shares of common stock will be issued in connection with payment of the
The Fund’s estimated sources for the distribution to be paid on August 30, 2024 and for all distributions declared in 2024 to date are as follows:
| Distribution per Share | Net Investment Income | Net Realized Short-Term Gains | Net Realized Long-Term Gains | Return of Capital | ||
| August 30, 2024 | ||||||
| YTD 2024 | ||||||
Fund Performance and Distribution Rate Information:
| Average Annual Total Return (on NAV for the 5- year period ended on July 31, 2024)1 | Annualized Current Distribution Rate (expressed as a percentage of NAV as of July 31, 2024) 2 | Cumulative Total Return (on NAV for the fiscal year through July 31, 2024) 1 | Cumulative Fiscal Year Distribution Rate (as a percentage of NAV as of July 31, 2024) 3 | ||||
| 7.4 | % | 15.9 | % | 2.3 | % | ||
1 Total return is calculated assuming a purchase of a Fund share at the beginning of the period and a sale on the last day of the period at reported net asset value per share, excluding any brokerage commissions. Distributions are assumed to be reinvested at the price received in the Fund’s dividend reinvestment plan. For periods greater than one year, returns are presented on an annualized basis.
2 The annualized Current Distribution Rate is the current quarter’s distribution rate per share annualized and expressed as a percentage of the Fund’s NAV per share as of July 31, 2024.
3 The Cumulative Fiscal Year Distribution Rate is the distributions per share for the fiscal year period (January 1, 2024 to July 31, 2024), expressed as a percentage of the Fund’s NAV per share as of July 31, 2024.
You should not draw any conclusions about the Fund's investment performance from the amount of the current distribution or from the terms of the Fund's Distribution Policy. The amounts and sources of distributions reported herein are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
The Fund has paid out capital gains to its shareholders for more than 60 consecutive years and has paid dividends for more than 89 consecutive years.
Adams Funds
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 85 years across many market cycles. The Funds are committed to paying an annual distribution rate of
For further information please contact:
adamsfunds.com/about/contact
800.638.2479
FAQ
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