Adams Natural Resources Fund Announces First-Half Performance and Declares Distribution
21 Juli 2022 - 10:10PM
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, 2022, to shareholders of
record August 18, 2022. This represents the third payment this year
toward the Fund’s annual 6% minimum distribution rate commitment.
Details regarding the Fund’s annual 6% minimum distribution rate
commitment can be found at adamsfunds.com.
FIRST-HALF PERFORMANCE
“In a period where most asset classes and equity sectors
declined, Energy was the exception and was the only one in the
S&P 500 to advance – providing positive return in an overall
bear market,” said Mark Stoeckle, CEO of Adams Funds.
For the six months ended June 30, 2022, the total return on
Adams Natural Resources’ net asset value, with dividends and
capital gains reinvested, was 17.9%. This compares to a total
return of 18.9% for the Fund’s benchmark, which is comprised of the
S&P 500 Energy Sector (74% weight) and the S&P 500
Materials Sector (26% weight) over the same period. Effective
January 1, 2022, the Fund’s benchmark weightings were changed from
S&P 500 Energy Sector (70%) and S&P 500 Materials Sector
(30%) to the current weightings. The total return on the market
price of the Fund’s shares for the period was 19.0%.
For the twelve months ended June 30, 2022, the total return on
Adams Natural Resources’ net asset value, with dividends and
capital gains reinvested, was 27.7%. Comparable return for the
Fund’s benchmark (using weightings as adjusted over the period) was
27.8%. The Fund’s total return on market price was 26.6%.
NET ASSET VALUE
|
6/30/2022 |
6/30/2021 |
Net assets |
$549,582,157 |
$445,829,119 |
Shares outstanding |
24,485,265 |
24,084,879 |
Net asset value per share |
$22.45 |
$18.51 |
The Semi-Annual Report to Shareholders is expected to be
released on or about July 27, 2022.
###
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: adamsfunds.com.
Contact:
800.638.2479 │
investorrelations@adamsfunds.com
Adams Natural Resources (NYSE:PEO)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
Adams Natural Resources (NYSE:PEO)
Historical Stock Chart
Von Apr 2023 bis Apr 2024