BALTIMORE, MARYLAND – April 14, 2016 – The Board of Directors of Adams Natural Resources Fund, Inc. (NYSE:PEO) today declared a distribution of $.10 per share from net investment income payable June 1, 2016, to shareholders of record May 13, 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 6.2%. Details regarding the Fund’s annual 6% minimum distribution rate commitment can be found at www.adamsfunds.com.
First Quarter Performance
For the three months ended March 31st, the total return on Adams Natural Resources’ net asset value, with dividends and capital gains reinvested, was 3.2%. Comparable figures for the Dow Jones U.S. Oil & Gas Index, the Dow Jones U.S. Basic Materials Index, and the Lipper Global Natural Resources Funds Index (Lipper Peer Group) were 3.6%, 4.2%, and 7.8%, respectively. The total return on the market price of the Fund’s shares was 2.0%.
For the twelve months ended March 31st, the total return on Adams Natural Resources’ net asset value, with dividends and capital gains reinvested, was -14.2%. Comparable figures for the Dow Jones U.S. Oil & Gas Index, the Dow Jones U.S. Basic Materials Index, and the Lipper Global Natural Resources Funds Index were -17.5%, -8.5%, and -15.1%, respectively. The total return on the market price of the Fund’s shares for the period was -16.4%.
| 3/31/2016 | 3/31/2015 | |
|---|---|---|
| Net assets | $597,530,566 | $730,854,522 |
| Shares outstanding | 28,092,821 | 27,392,919 |
| Net asset value per share | $21.27 | $26.68 |
The First Quarter Report to Shareholders is expected to be released on or about April 22, 2016.
For further information, please contact:
Nancy J. Floyd Prue, CFA
Director of Shareholder Communications
410.752.5900 or 800.638.2479
email