BALTIMORE, MARYLAND – October 8, 2015 –
Performance
The performance of Adams Natural Resources Fund compared favorably with that of its benchmarks and its peer group despite weakness in the energy and materials markets. The total return on net asset value for the Adams Natural Resources Fund for the nine months ended September 30, 2015 was -20.6%. Comparable figures for the Dow Jones U.S. Oil and Gas Index and the Dow Jones U.S. Basic Materials Index were -21.6% and -20.3%, respectively, and for the Lipper Global Natural Resources Funds Index (Lipper Peer Group) was -22.5%. The total return on Adams Natural Resources Fund’s market price was -22.8%.
For the twelve months ended September 30th, the total return on Adams Natural Resources Fund’s net asset value was -31.2%. The Dow Jones U.S. Oil and Gas Index and the Dow Jones U.S. Basic Materials Index returned -31.5% and -23.0%, respectively, and the Lipper Peer Group returned -34.5%. The total return on Adams Natural Resources Fund’s market price was -31.9%.
Net Asset Value
| 9/30/15 | 9/30/14 | |
|---|---|---|
| Net assets | $591,256,907 | $902,617,273 |
| Shares outstanding | 27,392,910 | 26,652,593 |
| Net asset value per share | $21.58 | $33.87 |
The Fund realized a net capital loss of -$0.31 per share from the securities transactions that it conducted during the nine-month period.
The Third Quarter Report to Shareholders is expected to be released on or about October 16, 2015.
Adams Natural Resources Fund, Inc., formerly known as Petroleum & Resources Corporation, 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 PEO.
For further information, please contact:
Nancy J. Floyd Prue, CFA
Director of Shareholder Communications
410.752.5900 or 800.638.2479
email