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Adams Natural Resources Fund Declares Distribution And Announces First Quarter Performance

BALTIMORE, April 19, 2018 /PRNewswire/ -- The Board of Directors of Adams Natural Resources Fund, Inc. (PEO) today declared a distribution of $.10 per share from net investment income, payable June 1, 2018, to shareholders of record May 18, 2018. This distribution represents the second payment this year toward the Fund's annual 6% minimum distribution rate commitment. In 2017, the Fund paid out distributions at an annual distribution rate of 6.1%. Details regarding the Fund's annual 6% minimum distribution rate commitment can be found at www.adamsfunds.com.

FIRST QUARTER PERFORMANCE

For the three months ended March 31st, the total return on Adams Natural Resources' net asset value, with dividends and capital gains reinvested, was -6.4%. Comparable figures for the quarter were -4.1% for the Lipper Global Natural Resources Funds Average and -5.7% for the Fund's benchmark, which is comprised of the Dow Jones U.S. Oil & Gas Index (80% weight) and the Dow Jones U.S. Basic Materials Index (20% weight). The total return on the market price of the Fund's shares was -7.6%.

For the twelve months ended March 31st, the total return on Adams Natural Resources' net asset value, with dividends and capital gains reinvested, was -0.2%. Comparable figures for the period were 4.5% for the Lipper Global Natural Resources Funds Average and 1.4% for the Fund's benchmark. The total return on the market price of the Fund's shares was -0.1%.

NET ASSET VALUE





3/31/2018

3/31/2017

Net assets

$627,901,744

$659,362,650

Shares outstanding

28,994,104

28,551,804

Net asset value per share

$21.66

$23.09

The First Quarter Report to Shareholders is expected to be released on or about April 27, 2018.

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. (ADX) and Adams Natural Resources Fund, Inc. (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: www.adamsfunds.com.

Contact:
Lyn Walther
Director of Shareholder Communications
800.638.2479 │ walther@adamsfunds.com

 

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