BALTIMORE, Dec. 8, 2021 /PRNewswire/ -- Adams Natural
Resources Fund, Inc. (NYSE: PEO) has determined that $16.73 per share is the issue price for the
closed-end fund's year-end distribution to shareholders who have
elected to receive all or a portion of the distribution in the form
of stock. This price is the mean between the high and low sales
prices of the Fund's stock on the New York Stock Exchange on
December 8, 2021.
The shares of common stock will be issued in connection with
payment of the $0.61 year-end
distribution, consisting of $0.29 in
net investment income and $0.32 in
net realized capital gains. The year-end distribution is payable on
December 17, 2021.
The Fund has committed to distributing each year an amount equal
to at least 6% of the Fund's trailing 12-month average month-end
market price. This year, the Fund is distributing an amount that
results in a 6.3% annual distribution rate, exceeding the 6%
commitment. Please see the information posted on our website,
adamsfunds.com, for more details concerning the annual 6% minimum
distribution rate commitment.
The Fund has paid out capital gains to its shareholders for 70
consecutive years and has paid dividends for 87 consecutive
years.
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.
For further information please contact:
Shareholder Communications
800.638.2479
investorrelations@adamsfunds.com
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SOURCE Adams Funds