Mary Chris Jammet Joins the Boards of Directors of Adams Diversified Equity Fund and Adams Natural Resources Fund

Rhea-AI Summary

Mary Chris Jammet has been elected as an independent director of Adams Diversified Equity Fund (NYSE: ADX) and Adams Natural Resources Fund (NYSE: PEO), effective December 10, 2020. With over 30 years of experience in investment management, she previously managed $20 billion in client assets at Legg Mason, Inc. Jammet is recognized as an Audit Committee Financial Expert and holds a CERT Certificate in Cybersecurity Oversight. Adams Funds, established in 1929, is committed to providing an annual distribution rate of 6% or more, focusing on long-term investor income.

Positive

• Election of Mary Chris Jammet brings over 30 years of investment management experience.
• Adams Funds have a long history of paying dividends for over 80 years.
• The Funds commit to an annual distribution rate of 6% or more, providing reliable income to investors.

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• None.

BALTIMORE, Dec. 10, 2020 /PRNewswire/ -- The Boards of Directors of Adams Diversified Equity Fund (NYSE: ADX) and Adams Natural Resources Fund (NYSE: PEO), two of the nation's oldest closed-end funds, announce the election of Mary Chris Jammet as an independent director of the Funds, effective December 10, 2020.

Ms. Jammet is a seasoned investment management professional and experienced corporate board member who brings more than 30 years of experience to Adams Funds.  Currently a Principal with Bristol Partners, Ms. Jammet served as Senior Vice President and Portfolio Manager at global asset management firm Legg Mason, Inc. (now Franklin Templeton), where she was responsible for $20 billion in client assets before retiring in 2013.  In 2014, Ms. Jammet was elected to the Board of Directors of MGM Resorts International (MGM).  Ms. Jammet is an Audit Committee Financial Expert and, in July 2020, she received a CERT Certificate in Cybersecurity Oversight from Carnegie Mellon University's Software Engineering Institute. Ms. Jammet is a former Corporate Director for Payless.  She currently serves as an Advisor to Loyola University Maryland's Finance Department and is a member of the National Association of Corporate Directors, as well as the Women Corporate Directors Foundation.  Ms. Jammet received her undergraduate degree in Finance from Towson University and her graduate degree in Finance from Loyola University Maryland.

"Mary Chris brings a wealth of experience in investment management to Adams Funds," said Mark Stoeckle, CEO of the Funds. "We look forward to her insights and contributions."

"I am honored and excited to join the Boards of Directors for Adams Funds," said Ms. Jammet.  "Adams Funds has two of the most well-respected closed-end funds in the market today.  I am grateful for the opportunity to be a steward for these historic Funds and I look forward to working with the Boards and contributing to the Funds' growth and success."

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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:
Lyn Walther
Director of Shareholder Communications
Adams Funds
410.752.5900 or 800.638.2479
investorrelations@adamsfunds.com

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SOURCE Adams Funds

FAQ

Who is Mary Chris Jammet in relation to Adams Funds?

Mary Chris Jammet is an independent director elected to the Boards of Directors of Adams Diversified Equity Fund (NYSE: ADX) and Adams Natural Resources Fund (NYSE: PEO) effective December 10, 2020.

What is the background of Mary Chris Jammet?

Mary Chris Jammet has over 30 years of experience in investment management and previously managed $20 billion in client assets at Legg Mason, Inc.

What are the distribution goals of Adams Funds?

Adams Funds are committed to paying an annual distribution rate of 6% or more to long-term investors.

How long has Adams Funds been operating?

Adams Funds has been helping investors since 1929, focusing on consistent dividend payments across market cycles.