BALTIMORE, MARYLAND – October 8, 2015 –
Adams Diversified Equity Fund, Inc. (NYSE:ADX) continued its outperformance, reporting a total return on net asset value of -4.9% for the nine months ended September 30, 2015, ahead of the S&P 500 return of -5.3% and the Lipper Large-Cap Core Mutual Funds Average (Lipper Peer Group) return of
-6.2% for the same period. The total return on Adams Diversified Equity’s market price was -5.8%.
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 -0.4%. Comparable figures for the S&P 500 and the Lipper Peer Group were -0.6% and -2.2%, respectively. The total return on Adams Diversified Equity’s market price was -0.6%.
NET ASSET VALUE
|Net asset value per share||$14.93||$16.29|
The Fund repurchased 883,800 shares of its common stock during the period at an average price per share of $14.00 and a weighted average discount to net asset value of 13.8%. The Fund realized a net capital gain of $0.66 per share from the securities transactions that it conducted during the period.
The Third Quarter Report to Shareholders is expected to be released on or about October 16, 2015.
Adams Diversified Equity Fund, Inc., formerly known as The Adams Express Company, is a Baltimore-based closed-end fund that has been operating as an investment company since 1929. Its stock trades on the New York Stock Exchange under the ticker symbol ADX.
For further information, please contact:
Nancy J. Floyd Prue, CFA
Director of Shareholder Communications
410.752.5900 or 800.638.2479