Baltimore, MD, July 3, 2018 – Adams Natural Resources Fund, Inc. (PEO) announces, that after 21 years with the Company, and its sister fund, Adams Diversified Equity Fund, Inc. (ADX), Lawrence (Laurie) Hooper, Jr. has retired. He served as Adams Funds’ General Counsel and Corporate Secretary since 1997, and as Chief Compliance Officer since 2005. He was also a member of the Funds’ Management Committee.
Before joining Adams Funds, he was a Partner at Tydings & Rosenberg and before that was an Assistant United States Attorney for the District of Maryland. Earlier in his career he was an Associate Attorney at Holland & Hart in Denver, Colorado.
Mark Stoeckle, CEO of Adams Funds, said, “I would like to thank Laurie for his outstanding service to Adams Funds and our shareholders over the past 21 years. He is a respected leader in the organization and his insights and thoughtful counsel will be greatly missed. We wish him all the best in retirement.”
Mr. Hooper received his Bachelor of Arts degree in Political Science from the University of North Carolina at Chapel Hill and his J.D., with honors, from the University of Maryland’s School of Law. He is a member of the Colorado and Maryland state bar associations. He is also a founding member of the Closed-end Fund Association and was an active representative of Adams Funds within the Investment Company Institute (ICI).
The Fund also announces that Janis Kerns, Assistant General Counsel, has been appointed General Counsel, Corporate Secretary, and Chief Compliance Officer, effective July 3, 2018. Ms. Kerns joined Adams Funds in January 2018 with over 23 years of experience representing the investment management industry.
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.
Director of Shareholder Communications
410.752.5900 or 800.638.2479