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, 2022. This is the third payment towards the Fund's commitment to a 6% minimum annual distribution rate. Performance for the first half of 2022 showed a total return of 17.9% for net asset value, slightly below the benchmark's 18.9%. The market price return for the same period was 19.0%. As of June 30, 2022, net assets totaled $549.58 million, with a net asset value per share of $22.45, up from $18.51 a year prior.
- Declared $0.10 per share distribution, maintaining a commitment to a 6% minimum annual distribution rate.
- Achieved a total return of 19.0% on market price for the first half of 2022.
- Total return of 17.9% on net asset value underperformed against the benchmark of 18.9%.
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BALTIMORE, July 21, 2022 (GLOBE NEWSWIRE) -- 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, 2022, to shareholders of record August 18, 2022. This represents the third payment this year toward the Fund’s annual
FIRST-HALF PERFORMANCE
“In a period where most asset classes and equity sectors declined, Energy was the exception and was the only one in the S&P 500 to advance – providing positive return in an overall bear market,” said Mark Stoeckle, CEO of Adams Funds.
For the six months ended June 30, 2022, the total return on Adams Natural Resources’ net asset value, with dividends and capital gains reinvested, was
For the twelve months ended June 30, 2022, the total return on Adams Natural Resources’ net asset value, with dividends and capital gains reinvested, was
NET ASSET VALUE
6/30/2022 | 6/30/2021 | |
Net assets | ||
Shares outstanding | 24,485,265 | 24,084,879 |
Net asset value per share |
The Semi-Annual Report to Shareholders is expected to be released on or about July 27, 2022.
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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:
800.638.2479 │ investorrelations@adamsfunds.com
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