BALTIMORE, MARYLAND – October 13, 2016 –
Performance
Adams Diversified Equity Fund, Inc. (NYSE:ADX) today announced the Fund’s results for the nine months ended September 30th. The total return on Adams Diversified Equity’s net asset value, with dividends and capital gains reinvested, was 5.3%. Comparable figures for the S&P 500 and the Lipper Large-Cap Core Funds Average were 7.8% and 6.0%, respectively. The total return on the market price of the Fund’s shares for the period was 3.7%.
For the twelve months ended September 30th, the total return on Adams Diversified Equity’s net asset value, with dividends and capital gains reinvested, was 12.7%. Comparable figures for the S&P 500 and the Lipper Large-Cap Core Funds Average were 15.4% and 12.5%, respectively. The total return on the market price of the Fund’s shares for the period was 10.9%.
| 9/30/2016 | 9/30/2015 | |
|---|---|---|
| Net assets | $1,517,835,665 | $1,424,167,228 |
| Shares outstanding | 97,016,857 | 95,419,646 |
| Net asset value per share | $15.65 | $14.93 |
The Fund repurchased 875,663 shares of its common stock during the past nine months at an average price per share of $12.74 and a weighted average discount to NAV of 15.7%.
The Third Quarter Report to Shareholders is expected to be released on or about October 21, 2016.
For further information, please contact:
Nancy J. Floyd Prue, CFA
Director of Shareholder Communications
410.752.5900 or 800.638.2479
email