Adams Natural Resources Fund Announces $22.75 Issue Price of Shares and Sources of Distribution for Third Quarter Distribution Payable August 30, 2024
Adams Natural Resources Fund (NYSE: PEO) has announced its third quarter distribution details. The Fund set the issue price at $22.75 per share for the $0.54 distribution payable on August 30, 2024. This is part of the Fund's new managed distribution policy, which commits to an 8% annual rate of average net asset value (NAV) distributed quarterly.
The distribution sources are: 59% from net investment income and 41% from net realized long-term gains. The Fund's 5-year average annual total return on NAV is 14.4%, with a current annualized distribution rate of 7.8%. Adams Natural Resources Fund has maintained a consistent record of paying dividends for over 90 years and capital gains for more than 73 consecutive years.
Il Fondo Adams Natural Resources (NYSE: PEO) ha annunciato i dettagli della distribuzione del terzo trimestre. Il Fondo ha fissato il prezzo di emissione a $22.75 per azione per una distribuzione di $0.54 che sarà pagata il 30 agosto 2024. Questo fa parte della nuova politica di distribuzione gestita del Fondo, che si impegna a un tasso annuo dell'8% del valore netto degli attivi (NAV) distribuito trimestralmente.
Le fonti di distribuzione sono: il 59% da reddito netto da investimenti e il 41% da guadagni netti realizzati a lungo termine. Il rendimento totale medio annuo del fondo su base quinquennale è del 14.4%, con un attuale tasso di distribuzione annualizzato del 7.8%. Il Fondo Adams Natural Resources vanta una storia costante di pagamento di dividendi da oltre 90 anni e di guadagni di capitale per più di 73 anni consecutivi.
El Fondo Adams Natural Resources (NYSE: PEO) ha anunciado los detalles de la distribución del tercer trimestre. El Fondo ha establecido el precio de emisión en $22.75 por acción para una distribución de $0.54 que se pagará el 30 de agosto de 2024. Esto es parte de la nueva política de distribución gestionada del Fondo, que se compromete a un tasa anual del 8% del valor neto de los activos (NAV) distribuido trimestralmente.
Las fuentes de distribución son: 59% de ingresos netos por inversiones y 41% de ganancias netas realizadas a largo plazo. El rendimiento total anual promedio del fondo durante cinco años es del 14.4%, con una tasa de distribución anualizada actual del 7.8%. El Fondo Adams Natural Resources ha mantenido un registro consistente de pago de dividendos durante más de 90 años y de ganancias de capital durante más de 73 años consecutivos.
아담스 자연 자원 펀드(뉴욕 증권 거래소: PEO)는 3분기 배당 세부 사항을 발표했습니다. 이 펀드는 2024년 8월 30일에 지급될 $0.54의 배당을 위해 주당 발행 가격을 $22.75로 설정했습니다. 이는 펀드의 새로운 관리 배당 정책의 일환으로, 분기마다 평균 순 자산 가치(NAV)의 8% 연간 비율을 배당할 것을 약속하고 있습니다.
배당 출처는 다음과 같습니다: 59%는 순 투자 수익에서, 41%는 실현된 장기 이익에서 발생합니다. 이 펀드의 5년 평균 연간 총 수익률은 14.4%이며, 현재 연간화된 배당률은 7.8%입니다. 아담스 자연 자원 펀드는 90년 이상 배당금을 지급해 온 일관된 기록을 가지고 있으며, 73년 이상 연속적인 자본 이익을 유지하고 있습니다.
Le Fonds Adams Natural Resources (NYSE: PEO) a annoncé les détails de la distribution du troisième trimestre. Le Fonds a fixé le prix d'émission à $22.75 par action pour une distribution de $0.54 payable le 30 août 2024. Cela fait partie de la nouvelle politique de distribution gérée du Fonds, qui s'engage à un taux annuel de 8% de la valeur nette des actifs (NAV) distribuée trimestriellement.
Les sources de distribution sont : 59% provenant des revenus nets d'investissement et 41% provenant des gains à long terme réalisés. Le rendement total annuel moyen du fonds sur cinq ans est de 14.4%, avec un taux de distribution annualisé actuel de 7.8%. Le Fonds Adams Natural Resources maintient un dossier cohérent de paiement de dividendes depuis plus de 90 ans et de gains en capital depuis plus de 73 années consécutives.
Der Adams Natural Resources Fund (NYSE: PEO) hat die Einzelheiten zur Ausschüttung im dritten Quartal bekannt gegeben. Der Fonds hat den Emissionspreis auf $22.75 pro Aktie für eine Ausschüttung von $0.54 festgelegt, die am 30. August 2024 ausgezahlt wird. Dies ist Teil der neuen verwalteten Ausschüttungspolitik des Fonds, die sich zu einer jährlichen Rate von 8% des durchschnittlichen Nettovermögenswerts (NAV) verpflichtet, die vierteljährlich ausgeschüttet wird.
Die Ausschüttungsquellen sind: 59% aus Nettoerträgen aus Investitionen und 41% aus realisierten langfristigen Gewinnen. Die durchschnittliche jährliche Gesamtrendite des Fonds über fünf Jahre beträgt 14.4%, mit einer aktuellen annualisierten Ausschüttungsrate von 7.8%. Der Adams Natural Resources Fund hat über 90 Jahre lang eine konsistente Dividendenzahlung vorzuweisen und erzielt seit mehr als 73 aufeinander folgenden Jahren Kapitalgewinne.
- New managed distribution policy committing to an 8% annual rate of average NAV
- Strong 5-year average annual total return on NAV of 14.4%
- Consistent dividend payment history of over 90 years
- Distribution fully covered by net investment income and realized gains, with no return of capital
- None.
Insights
The announcement of Adams Natural Resources Fund's $22.75 issue price for its third quarter distribution is a neutral development. This price, based on the average of high and low sales prices, reflects market dynamics but doesn't significantly impact the fund's performance. The $0.54 per share distribution aligns with the fund's new managed distribution policy, targeting an 8% annual rate of average NAV. This policy aims to provide consistent income to investors, which could be attractive in the current market environment.
The fund's 14.4% average annual total return over the past 5 years and 12.9% cumulative total return for the fiscal year are solid performances, indicating effective management of natural resource investments. The 7.8% annualized current distribution rate is competitive, potentially appealing to income-focused investors. However, investors should note that 41% of the current distribution comes from realized long-term gains, which may have tax implications.
Adams Natural Resources Fund's commitment to a minimum 8% annual distribution rate is a strategic move in the current market landscape. This policy could attract yield-seeking investors, particularly given the fund's long history of consistent dividends and capital gains distributions. The fund's focus on natural resources provides a specialized investment option, which can be beneficial for portfolio diversification.
The fund's performance metrics, including the 14.4% average annual total return over 5 years, suggest it has navigated the volatile natural resources sector effectively. However, investors should be aware that past performance doesn't guarantee future results, especially in a sector subject to commodity price fluctuations and geopolitical factors. The fund's ability to maintain its distribution policy without resorting to return of capital is a positive sign of sustainable income generation from its portfolio.
BALTIMORE, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE: PEO) 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 | ||||
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 73 consecutive years and has paid dividends for more than 90 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:
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800.638.2479
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