Adams Diversified Equity Fund Declares Distribution, Announces First Half Performance and July 28 Conference Call

BALTIMORE, MARYLAND – July 13, 2016 – The Board of Directors of Adams Diversified Equity Fund, Inc. (NYSE:ADX) today declared a distribution of $.05 per share from net investment income payable September 1, 2016, to shareholders of record August 12, 2016.  This distribution represents the second payment this year toward the Fund’s annual 6% minimum distribution rate commitment.  In 2015, the Fund paid out distributions at an annual distribution rate of 6.8%.  Details regarding the Fund’s annual 6% minimum distribution rate commitment can be found at www.adamsfunds.com.

First Half Performance

For the six months ended June 30th, the total return on Adams Diversified Equity’s net asset value, with dividends and capital gains reinvested, was 1.2%. Comparable figures for the S&P 500 and the Lipper Large-Cap Core Funds Average were 3.8% and 2.2%, respectively. The total return on the market price of the Fund’s shares for the period was -0.5%.

For the twelve months ended June 30th, the total return on Adams Diversified Equity’s net asset value, with dividends and capital gains reinvested, was 0.3%. Comparable figures for the S&P 500 and the Lipper Large-Cap Core Funds Average were 4.0% and 0.7%, respectively. The total return on the market price of the Fund’s shares for the period was -2.5%.

The Fund repurchased 533,660 shares of its common stock during the six-month period for $6.7 million, at an average price per share of $12.51 and a weighted average discount to NAV of 15.6%.

The Semi-Annual Report to Shareholders is expected to be released on or about July 22, 2016.

The Fund will be holding a conference call on July 28, 2016 at 10:00 AM EDT to discuss first half 2016 performance. The dial in number is 1-888-556-4997 and the conference ID code is 264394.

For further information, please contact:

Nancy J. Floyd Prue, CFA
Director of Shareholder Communications
410.752.5900 or 800.638.2479
email