Baltimore, April 20, 2023 – Adams Funds, comprised of Adams Diversified Equity Fund, Inc. (NYSE: ADX) and Adams Natural Resources Fund, Inc. (NYSE: PEO), two of the nation’s oldest closed-end funds, today announced the election of Christine M. Sloan as Treasurer, effective immediately.

Ms. Sloan has served Adams Funds in a variety of capacities for the past 23 years. She joined Adams Funds in January 1999 as Assistant Treasurer. In 2018, Ms. Sloan was appointed as Director of Human Resources in addition to her role as Assistant Treasurer. “Christy has expanded her oversight of our Accounting functions and administration of our retirement plans in her capacity as Assistant Treasurer and demonstrated her qualification for this new role. She will also continue in her dual role as Director of Human Resources and continue to be an integral operations leader for our Funds,” said Chief Financial Officer Brian S. Hook.

Prior to joining Adams Funds, Ms. Sloan was a Business Assurance Manager with PricewaterhouseCoopers, L.L.P. serving investment management and private equity clients.

Ms. Sloan earned her B.S. in Accounting from the University of Delaware and her Master of Business Administration from Johns Hopkins University. She is a Certified Public Accountant.

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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 85 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.

For further information please contact:

adamsfunds.com/about/contact

800.638.2479