Adams Natural Resources Fund Declares Year-End Distribution
Adams Natural Resources Fund announced a year-end distribution of $1.03 per share, bringing total 2024 distributions to $1.77 per share, representing a 6.7% annual distribution rate. The December distribution comprises 14% from net investment income and 86% from net realized long-term gains. The Fund reported a 15.0% average annual total return on NAV for the 5-year period ended October 31, 2024, with a 9.8% cumulative total return for the fiscal year. This marks the Fund's 73rd consecutive year of paying capital gains and 90th year of dividend payments.
Adams Natural Resources Fund ha annunciato una distribuzione di fine anno di 1,03 $ per azione, portando il totale delle distribuzioni per il 2024 a 1,77 $ per azione, pari a un tasso di distribuzione annuale del 6,7%. La distribuzione di dicembre è composta per il 14% da reddito da investimenti netti e per l'86% da guadagni netti realizzati a lungo termine. Il Fondo ha riportato un rendimento totale medio annuale del 15,0% sul valore netto delle attività (NAV) per il periodo di 5 anni terminato il 31 ottobre 2024, con un rendimento totale cumulativo del 9,8% per l'anno fiscale. Questo segna il 73° anno consecutivo in cui il Fondo paga guadagni di capitale e il 90° anno di pagamenti di dividendi.
Adams Natural Resources Fund anunció una distribución de fin de año de 1,03 $ por acción, llevando el total de distribuciones para 2024 a 1,77 $ por acción, lo que representa una tasa de distribución anual del 6,7%. La distribución de diciembre está compuesta en un 14% por ingresos netos de inversiones y en un 86% por ganancias netas realizadas a largo plazo. El Fondo reportó un rendimiento total anual promedio del 15,0% sobre el valor neto de los activos (NAV) para el período de 5 años que terminó el 31 de octubre de 2024, con un rendimiento total acumulativo del 9,8% para el año fiscal. Este es el 73.º año consecutivo en que el Fondo paga ganancias de capital y el 90.º año de pagos de dividendos.
아담스 자연 자원 펀드는 연말 배당금으로 주당 1.03 달러를 발표하여 2024년 전체 배당금을 주당 1.77 달러로 증가시켰으며, 연간 배당률은 6.7%에 해당합니다. 12월 배당금은 14%가 순투자소득에서, 86%가 순확정 장기 이익에서 나옵니다. 이 펀드는 2024년 10월 31일 종료된 5년 기간 동안 순자산가치(NAV) 기준으로 평균 연간 총 수익률이 15.0%였으며, 회계 연도 동안 누적 총 수익률이 9.8%로 나타났습니다. 이는 펀드가 자본 이득을 지급한 73년째이며, 배당금 지급의 90년째를 의미합니다.
Adams Natural Resources Fund a annoncé une distribution de fin d'année de 1,03 $ par action, portant le total des distributions pour 2024 à 1,77 $ par action, ce qui représente un taux de distribution annuel de 6,7%. La distribution de décembre se compose de 14% de revenus nets d'investissement et de 86% de gains nets réalisés à long terme. Le Fonds a rapporté un rendement total annuel moyen de 15,0% sur la valeur nette d'inventaire (VNI) pour la période de 5 ans se terminant le 31 octobre 2024, avec un rendement total cumulatif de 9,8% pour l'année fiscale. Cela marque la 73e année consécutive de paiement de gains en capital par le Fonds et la 90e année de paiements de dividendes.
Adams Natural Resources Fund hat eine Jahresendverteilung von 1,03 $ pro Aktie bekannt gegeben, wodurch sich die gesamten Verteilungen für 2024 auf 1,77 $ pro Aktie erhöhen, was einer jährlichen Ausschüttungsrate von 6,7% entspricht. Die Dezember-Ausschüttung besteht zu 14% aus netto Investitionseinkommen und zu 86% aus netto realisierten langfristigen Gewinnen. Der Fonds berichtete für den Zeitraum von 5 Jahren bis zum 31. Oktober 2024 von einer durchschnittlichen jährlichen Gesamtrendite von 15,0% auf den NAV, mit einer kumulierten Gesamtrendite von 9,8% für das Haushaltsjahr. Dies markiert das 73. aufeinanderfolgende Jahr, in dem der Fonds Kapitalgewinne auszahlt, und das 90. Jahr der Dividendenauszahlungen.
- 15.0% average annual total return on NAV (5-year period)
- 9.8% cumulative total return for fiscal year
- 6.7% annual distribution rate
- Total distributions of $1.77 per share for 2024
- No return of capital in distributions (100% from earnings and gains)
- None.
Insights
The
The fund's 5-year average annual total return of
BALTIMORE, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE: PEO) declared today a year-end distribution of
The Fund's estimated sources for the distribution to be paid on December 19, 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 | |
| December 19, 2024 | |||||
| YTD 2024 |
Fund Performance and Distribution Rate Information:
| Average Annual Total Return (on NAV for the 5-year period ended on October 31, 2024) ¹ | Annualized Current Distribution Rate (expressed as a percentage of NAV as of October 31, 2024) ² | Cumulative Total Return (on NAV for the fiscal year through October 31, 2024) ¹ | Cumulative Fiscal Year Distribution Rate (as a percentage of NAV as of October 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 October 31, 2024.
³ The Cumulative Fiscal Year Distribution Rate is the distributions per share for the current fiscal year period, expressed as a percentage of the Fund's NAV per share as of October 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.
This marks the 73ʳᵈ consecutive year that the Fund has paid out capital gains and the 90ᵗʰ consecutive year it has paid out dividends to its shareholders.
"We are pleased to announce our 2024 annual distribution rate of
The payable date for the distribution is December 19, 2024, and the record/ex-dividend date is November 22, 2024. The year-end distribution is payable in stock (default) or cash at the election of each shareholder. The cash election cutoff and share valuation date will be December 11, 2024. The issue price for shares will be the Fund's closing NYSE market price on the share valuation date.
About 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 a minimum annual distribution rate of
For further information please contact: adamsfunds.com/about/contact │800.638.2479
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