Baltimore, Maryland, November 10, 2022 – Adams Natural Resources Fund, Inc. (NYSE: PEO) declared today a year-end distribution of $1.33 per share. The total distributions by the Fund for 2022 will be $1.63, including the distributions totaling $0.30 per share made prior to today’s announcement. The annual distribution rate represented by these distributions is 8.1%.

The year-end distribution consists of the following:

  • $0.53 per share from 2022 net investment income; and
  • $0.80 per share from net capital gains realized during 2022, of which $0.15 was short-term gain and $0.65 was long-term gain.

This marks the 71st consecutive year that the Fund has paid out capital gains and the 88th consecutive year it has paid out dividends to its shareholders.

Commenting on the year-end distribution, Mark E. Stoeckle, CEO of Adams Natural Resources Fund, said: "Once again, energy’s strong performance over the year contributed positively to our long history of providing a substantial distribution to our shareholders. While future market conditions are uncertain, we are pleased to announce our 2022 distribution rate of 8.1%. This exceeds our commitment to distribute at least 6% of the Fund’s trailing 12-month average month-end market price to shareholders.”

The payable date for the distribution is December 16, 2022, the record date is November 21, 2022, and the ex-dividend date is November 18, 2022. The year-end distribution is payable in stock and/or cash at the option of each shareholder.

Details regarding the annual distribution rates and the Fund’s 6% minimum distribution commitment can be found at


About Adams Funds

Since 1929, Adams Funds has 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:

For further information contact us:  800.638.2479  │