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

Rhea-AI Summary

Adams Natural Resources Fund, Inc. (NYSE: PEO) has announced a year-end distribution of $0.61 per share, raising total distributions for 2021 to $0.91. This distribution reflects a 6.3% annual distribution rate. The year-end payout includes $0.29 from net investment income and $0.32 from realized capital gains. This achievement marks the 70th consecutive year of capital gains payouts and 87th consecutive year of dividend payments. The distribution is payable on December 17, 2021, with an ex-dividend date of November 19, 2021.

Positive

• Year-end distribution of $0.61 per share announced.
• Total distributions for 2021 amount to $0.91 per share.
• Annual distribution rate of 6.3% exceeds the 6% minimum commitment.
• 70th consecutive year of capital gains payouts.
• 87th consecutive year of dividend payments.

Negative

• None.

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 │ investorrelations@adamsfunds.com  

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SOURCE Adams Natural Resources Fund, Inc.

FAQ

What is the year-end distribution declared by Adams Natural Resources Fund (PEO)?

Adams Natural Resources Fund declared a year-end distribution of $0.61 per share.

What is the total distribution amount for Adams Natural Resources Fund in 2021?

The total distributions for Adams Natural Resources Fund in 2021 amount to $0.91 per share.

What is the annual distribution rate for Adams Natural Resources Fund (PEO) in 2021?

The annual distribution rate for Adams Natural Resources Fund in 2021 is 6.3%.

When is the payable date for the year-end distribution of Adams Natural Resources Fund?

The payable date for the year-end distribution is December 17, 2021.

How long has Adams Natural Resources Fund been paying dividends?

Adams Natural Resources Fund has paid dividends for 87 consecutive years.