BALTIMORE, MARYLAND – July 13, 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 September 1, 2016, to shareholders of record August 12, 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 Half Performance
For the six months ended June 30th, the total return on Adams Natural Resources’ net asset value, with dividends and capital gains reinvested, was 11.1%. Comparable figures for the Dow Jones U.S. Oil & Gas Index and the Dow Jones U.S. Basic Materials Index were 15.0% and 8.6%, respectively. The total return on the market price of the Fund’s shares was 14.6%.
For the twelve months ended June 30th, the total return on Adams Natural Resources’ net asset value, with dividends and capital gains reinvested, was -6.8%. Comparable figures for the Dow Jones U.S. Oil & Gas Index and the Dow Jones U.S. Basic Materials Index were -6.6% and -3.6%, respectively. The total return on the market price of the Fund’s shares for the period was -3.0%.
6/30/2016 | 6/30/2015 | |
---|---|---|
Net assets | $640,217,539 | $721,818,409 |
Shares outstanding | 28,092,864 | 27,393,658 |
Net asset value per share | $22.79 | $26.35 |
The Semi-Annual Report to Shareholders is expected to be released on or about July 22, 2016.
For further information, please contact:
Nancy J. Floyd Prue, CFA
Director of Shareholder Communications
410.752.5900 or 800.638.2479
email