Adams Natural Resources Fund Announces First-Half Performance And Declares Distribution
The Board of Directors of Adams Natural Resources Fund (NYSE: PEO) declared a distribution of $0.10 per share, payable on September 1, 2021, to shareholders of record on August 18, 2021. This marks the third payment in line with the Fund's 6% minimum distribution rate commitment for the year. For the first half of 2021, the Fund's total return on net asset value reached 36.3%, matching its benchmark. The Fund's net assets rose to $445.8 million as of June 30, 2021, with a net asset value per share of $18.51.
- Declared a distribution of $0.10 per share.
- Third payment this year towards 6% minimum distribution commitment.
- Total return on net asset value increased by 36.3% in the first half of 2021.
- Net assets grew to $445.8 million from $386.8 million year-over-year.
- Net asset value per share increased to $18.51 from $12.99.
- Shares outstanding decreased from 29,778,381 to 24,084,879.
BALTIMORE, July 15, 2021 /PRNewswire/ -- The Board of Directors of Adams Natural Resources Fund, Inc. (NYSE: PEO) today declared a distribution of $.10 per share from net investment income payable September 1, 2021, to shareholders of record August 18, 2021. This represents the third payment this year toward the Fund's annual
FIRST-HALF PERFORMANCE
"Energy has been the best performing sector in the S&P 500 in the first six months of 2021, outperforming by more than
For the six months ended June 30, 2021, the total return on Adams Natural Resources' net asset value, with dividends and capital gains reinvested, was
For the twelve months ended June 30, 2021, the total return on Adams Natural Resources' net asset value, with dividends and capital gains reinvested, was
NET ASSET VALUE
6/30/2021 | 6/30/2020 | |
Net assets | ||
Shares outstanding | 24,084,879 | 29,778,381 |
Net asset value per share |
The Semi-Annual Report to Shareholders is expected to be released on or about July 21, 2021.
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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
Contact:
Lyn Walther
Director of Shareholder Communications
800.638.2479 │ investorrelations@adamsfunds.com
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SOURCE Adams Funds
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