BALTIMORE, MARYLAND – April 28, 2017 – Adams Diversified Equity Fund (NYSE: ADX) announced that Jeffrey R. Schollaert has been elected Vice President-Research, effective April 21, 2017.

Mr. Schollaert joined Adams Diversified Equity Fund in September 2015 as a senior equity analyst covering the financials and REIT sectors. Prior to joining the Fund, Mr. Schollaert worked at Wilmington Trust as a senior equity analyst and co-portfolio manager. His past experience also includes being a founding member of a financials-dedicated hedge fund at American Capital Strategies and a senior sell-side analyst at Wachovia Securities. “This is a well-deserved promotion for Jeff. He is a key contributor to the Fund. Jeff has a deep knowledge of financials and REITS and works well with our team to identify high-quality investments,” said Mark E. Stoeckle, CEO of the Fund.

Mr. Schollaert holds a Bachelor of Arts degree in Mathematics from Colgate University, as well as an MBA from the University of Maryland’s Robert H. Smith School of Business. He is a Chartered Financial Analyst.

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, please contact:

Nancy J. Floyd Prue, CFA
Director of Shareholder Communications
410.752.5900 or 800.638.2479