Adams Diversified Equity Fund, Inc - ADX STOCK NEWS

Celularity Inc. has entered into an exclusive distribution agreement with AD Ports Logistics to distribute Halal-Certified regenerative medicines and wellness products across the Middle East, including UAE, Qatar, Bahrain, Oman, Kuwait, and Egypt. This partnership follows a prior agreement for Saudi Arabia and aims to enhance access to innovative healthcare solutions in the region. Celularity's commercial biomaterial products include various types derived from human placental tissue. The regenerative medicine market is expected to grow significantly, reaching $37.10 billion by 2030, highlighting the importance of this distribution deal for both companies.

Adams Diversified Equity Fund (NYSE: ADX) has announced the election of D. Cotton Swindell as President, effective after the retirement of current CEO and President Mark Stoeckle in April 2023. Swindell, who has been with the Fund since 2002, previously served as Executive Vice President and has extensive experience in investment analysis, covering industrials and consumer discretionary sectors. His leadership is expected to continue under the guidance of incoming CEO James Haynie. Adams Funds has a longstanding tradition of supporting investors with a focus on consistent annual distributions of 6% or more.

Adams Diversified Equity Fund (NYSE: ADX) reported a total net asset value return of -17.3% for 2022, slightly outperforming the S&P 500 Index (-18.1%) and the Morningstar U.S. Large Blend Category (-18.2%). The fund's market price return was -19.8%. The fund distributed $1.07 per share in dividends and capital gains, resulting in a 6.3% annual distribution rate, above the minimum commitment of 6.0%. Net assets declined to $2.1 billion from $2.65 billion year-over-year, with shares outstanding increasing to 120.9 million. The annual report is set for release on February 15, 2023.

BALTIMORE, Nov. 10, 2022—Adams Diversified Equity Fund (NYSE: ADX) announced a year-end distribution of $0.92 per share, totaling $1.07 for 2022. This represents a 6.3% annual distribution rate. The year-end distribution includes $0.06 per share from net investment income and $0.86 from long-term capital gains. This marks the 58th consecutive year of capital gains payouts and the 87th consecutive year of dividends. The payable date is December 21, 2022, with an ex-dividend date of November 18, 2022.

Adams Diversified Equity Fund (NYSE: ADX) reported total returns for the nine months ending September 30, 2022, with a net asset value decrease of -23.2%, compared to the S&P 500's -23.9% and the Morningstar U.S. Large Blend category's -24.0%. For the year, returns were -13.2% on net asset value and -14.8% on market price. As of September 30, 2022, the fund's net assets totaled $2.02 billion, down from $2.54 billion a year prior, with shares outstanding increasing to 117.87 million.

Adams Funds announces Mark E. Stoeckle's retirement as CEO in April 2023 after ten years of leadership, navigating through volatile markets and the COVID-19 pandemic. James P. Haynie, currently Executive Vice President and a member of the investment committee, is appointed as his successor. Under Stoeckle, the Funds achieved consistent performance, rebranded, and celebrated their 90th anniversary in 2019. Haynie brings over 35 years of financial services experience and is expected to maintain continuity in leadership and performance for shareholders.

The Board of Directors of Adams Diversified Equity Fund (NYSE: ADX) has declared a distribution of $0.05 per share, payable on September 1, 2022, to shareholders of record by August 18, 2022. This is the third payment of the Fund's annual minimum distribution rate of 6%. In the first half of 2022, the Fund reported a total return on net asset value of -19.7%, slightly better than the S&P 500's -20.0%. The total return on market price was -20.5%. As of June 30, 2022, net assets stood at approximately $2.12 billion, with a net asset value per share of $17.97.