Baltimore, Maryland, November 15, 2018 – Adams Natural Resources Fund, Inc. (NYSE:PEO) declared today a year-end distribution of $0.87 per share. The total distributions by the Fund for 2018 will be $1.17, including the distributions of $0.30 per share made prior to today’s announcement. The annual distribution rate represented by these distributions is 6.0%.
The year-end distribution consists of the following:
- $0.17 per share from 2018 net investment income
- $0.35 per share from net capital gains realized during 2018, comprised all of long-term gain.
- $0.35 per share return of capital.
This marks the 67th consecutive year that the Fund has paid out capital gains and the 84th 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: "We remain committed to distributing at least 6% of the Fund’s trailing 12-month average month-end market price to shareholders. Our 2018 year-end distribution is comprised of dividend income, capital gains, and a non-taxable return of capital. Given the volatility in the Energy sector this year, we believe that incorporating a non-taxable return of capital component adds tax-efficiency in meeting our distribution commitment to shareholders.”
The payable date for the distribution is December 21, 2018, the record date is November 26, 2018, and the ex-dividend date is November 23, 2018. The year-end distribution is payable in stock and/or cash at the option of each shareholder.
Details regarding the annual 6% minimum distribution rate can be found at adamsfunds.com.
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: adamsfunds.com.
Director of Shareholder Communications
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