Adams Diversified Equity Fund Announces First-Half Performance, Declares Distribution, and Schedules Conference Call

BALTIMORE, MARYLAND, July 19, 2018 — 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 August 31, 2018, to shareholders of record August 17, 2018.  This represents the third payment this year toward the Fund’s annual 6% minimum distribution rate commitment.  In 2017, the Fund paid out distributions at an annual rate of 9.8%.  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 2.7%. Comparable figures for the S&P 500 and the Lipper Large-Cap Core Funds Average were 2.7% and 1.7%, respectively.  The total return on the market price of the Fund’s shares for the period was 3.3%.

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 15.8%.  Comparable figures for the S&P 500 and the Lipper Large-Cap Core Funds Average were 14.4% and 12.7%, respectively. The total return on the market price of the Fund’s shares for the period was 18.0%.

NET ASSET VALUE

The Fund repurchased 619,015 shares of its common stock during the six-month period for $9.5 million, at an average price per share of $15.36 and a weighted average discount to NAV of 14.4%.

The Semi-Annual Report to Shareholders is expected to be released on or about July 27, 2018.

The Fund will be holding a conference call on July 25, 2018 at 2:00 PM EDT to discuss first half 2018 performance.  The dial in number is 1-877-270-2148. Please ask to be joined to the Adams Funds call.

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 Since 1929, Adams Funds have consistently helped generations of investors reach their investment goals. Adams Funds is comprised of two closed-end funds, Adams Diversified Equity Fund, Inc. (NYSE:ADX) and Adams Natural Resources Fund, Inc. (NYSE:PEO). The Funds are actively managed by an experienced team with a disciplined approach and have paid dividends for more than 80 years across many market cycles. The Funds are committed to paying an annual distribution rate of 6% or more, providing reliable income to long-term investors. Shares can be purchased through our transfer agent or through a broker. For more information about Adams Funds, please visit: www.adamsfunds.com.

Contact:

Lyn Walther

Director of Shareholder Communications

800.638.2479 │ walther@adamsfunds.com