BALTIMORE, July 9, 2015 /PRNewswire/ -- The Board of Directors of Adams Natural Resources Fund, Inc. (NYSE:PEO) today declared an interim dividend of $0.10 per share, payable September 1, 2015, to shareholders of record August 12, 2015. This dividend represents the third payment toward this year's annual 6% minimum distribution rate commitment. In 2014, the Fund paid out distributions at an annual distribution rate of 6.6%. Details regarding the Fund's annual 6% minimum distribution rate commitment can be found at www.adamsfunds.com.
Performance
Reflecting sustained lower oil prices and well-supplied energy markets, the total return on Adams Natural Resources' net asset value for the six months ended June 30, 2015, with dividends and capital gains reinvested, was (3.6)%. The comparable figures for the Dow Jones U.S. Oil and Gas Index and the Dow Jones U.S. Basic Materials Index were (4.0)% and (1.4)%, respectively. The total return on Adams Natural Resources' market price was (5.6)%.
For the twelve months ended June 30th, the total return on Adams Natural Resources' net asset value, with dividends and capital gains reinvested, was (22.4)%. The comparable figure for Dow Jones U.S. Oil and Gas Index and the Dow Jones U.S. Basic Materials Index were (23.4)% and (5.9)%, respectively. The total return on Adams Natural Resources' market price was (22.8)%.
Net Asset Value
6/30/15 | 6/30/14 | |
Net assets | $721,818,409 | $976,456,224 |
Shares outstanding | 27,393,658 | 26,660,966 |
Net asset value per share | $26.35 | $36.62 |
The Fund realized a net capital loss of $(0.55) per share from the securities transactions that it conducted during the six-month period.
The Second Quarter Report to Shareholders is expected to be released on or about July 17, 2015.
Adams Natural Resources Fund, Inc., formerly known as Petroleum & Resources Corporation, is a Baltimore-based closed-end fund that has been operating as an investment company since 1929. Its stock trades on the New York Stock Exchange under the ticker symbol PEO.
For further information, please contact:
Nancy J. Floyd Prue
Executive Vice President
Director of Shareholder Communications
410.752.5900 or 800.638.2479
Email: contact@adamsfunds.com
adamsfunds.com
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SOURCE Adams Natural Resources Fund, Inc.
