Adams Natural Resources Fund Inc

Adams Natural Resources Fund, Inc. is a closed-end equity investment fund, which specializes in energy and natural resources stocks. Its objectives include the preservation of capital, attainment of reasonable income from investments, and an opportunity for capital appreciation. The company was founded in 1929 and is headquartered in Baltimore, MD.

BALTIMORE, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE: PEO) declared today a year-end distribution of $1.03 per share. The total distributions by the Fund for 2024 will be $1.77, including the distributions totaling $0.74 per share made in 2024 prior to today's announcement. The annual distribution rate represented by these distributions is 6.7%.

Adams Natural Resources Fund Declares Year-End Distribution

Adams Natural Resources Fund (PEO) trades at a meaningful discount to NAV, offering a discount on energy exposure, with a specific concentration in major oil companies like Exxon and Chevron. PEO's announced a new distribution policy of 2% average NAV quarterly payouts earlier this year, helping to reduce the fund's discount as it is smoothing income for investors. The concentration in the portfolio exposure may concern some investors, but the fund is actually more diversified when compared to its ETF peer, XLE.

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For income investors, closed-end funds, or CEFs, remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. CEFs are generally characterized by higher volatility and deeper draw-downs than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer “excess” discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

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BALTIMORE, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE: PEO) today announced the Fund's results for the nine months ended September 30th. The total return on Adams Natural Resources' net asset value, with dividends and capital gains reinvested, was 10.2%. This compares to a total return of 9.5% for the Fund's benchmark, which is comprised of the S&P 500 Energy Sector (80% weight) and the S&P 500 Materials Sector (20% weight), over the same period. The total return on the market price of the Fund's shares for the period was 16.3%.

Adams Natural Resources Fund Reports Nine Month Results

Adams Natural Resources Fund offers concentrated exposure to large energy companies, with a consistent distribution policy and a low expense ratio of 0.6%. PEO trades at a discount to NAV, with potential for tightening due to improved distribution policies and activist investor Saba Capital's involvement. Despite past underperformance, PEO has outperformed its benchmarks over the last five years, and the energy sector outlook appears more promising.

PEO: Buy The Dip In This Resources Fund Before The Oil Price Rises

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For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

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There has been significant recent buying from closed-end fund activist Saba Capital. PEO recently implemented an 8% managed distribution policy, providing higher distributions on a quarterly basis. The fund has a 9.5% annual distribution yield and a 13.4% discount to NAV.

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For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper draw-downs than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer “excess” discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

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BALTIMORE, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE: PEO) has determined that $22.75 per share is the issue price for the Fund's third quarter distribution to shareholders. This price is the mean between the high and low sales prices of the Fund's stock on the New York Stock Exchange on August 21, 2024, the valuation date.

Adams Natural Resources Fund Announces $22.75 Issue Price of Shares and Sources of Distribution for Third Quarter Distribution Payable August 30, 2024

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BALTIMORE, July 18, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Adams Natural Resources Fund, Inc. (NYSE: PEO) today declared a distribution of $.54 per share, payable August 30, 2024, in newly issued shares unless shareholders elect to receive cash, to shareholders of record August 5, 2024. This distribution represents the initial payment under the Fund's Managed Distribution Policy to pay at least 2% of average net asset value each quarter. You should not draw any conclusions about the Fund's investment performance from the amount of the current distribution or from the terms of the Fund's MDP.

Adams Natural Resources Fund Declares Distribution and Announces First Half Performance

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NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (together with certain of its affiliates, “Saba” or “we”) today commented on the outcome of the appeal brought in the United States Court of Appeals for the Second Circuit (the “Appellate Court”) by the BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT), BlackRock Municipal Income Fund (NYSE: MUI), Royce Global Value Trust (NYSE: RGT), Tortoise Midstream Energy Fund (NYSE: NTG), Tortoise Energy Independence Fund (NYSE: NDP), Tortois.

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Adams Natural Resources Fund is undervalued, trading at a 14% discount to NAV, with a yield over 6%. The fund primarily invests in energy and natural resource stocks, providing diversification and reduced risks. The demand for energy, particularly from fossil fuels, is expected to increase due to AI, data centers, and global population growth.

PEO: Buy The Oil Majors At A 14% Discount And Prep Your Portfolio For AI Energy Demand

BALTIMORE, May 24, 2024 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE: PEO) today announced an initiative reflecting our ongoing commitment to long-term shareholder value creation – the implementation of a managed distribution policy (“Policy”) that will provide a higher annual distribution rate more evenly on a quarterly basis throughout the year. This initiative underscores our dedication to delivering long-term value, competitive performance, and stable, consistent distributions to our valued shareholders.

Adams Natural Resources Fund Announces Initiative to Enhance Shareholder Value

BALTIMORE, April 18, 2024 (GLOBE NEWSWIRE) -- 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 May 31, 2024, to shareholders of record May 17, 2024. This distribution represents the second payment this year toward the Fund's annual 6% minimum distribution rate commitment, which can be found at adamsfunds.com.

Adams Natural Resources Fund Declares Distribution and Announces First Quarter Performance

Adams Natural Resources Fund provides exposure to the world's largest energy companies at a discount. The fund provides a regular quarterly distribution along with a larger year-end distribution to meet its minimum 6% distribution policy. PEO puts an emphasis on a fairly narrow portfolio, with Exxon Mobil and Chevron as top holdings in significant allocations.

PEO: Deep Discount And Big Oil Exposure

PEO invests across energy and materials sector stocks. The fund has outperformed sector benchmarks over the past 5 years. PEO's diversified exposure sector large-caps are well-positioned to benefit from a pricing rebound in natural resources.

PEO: A Buy The Dip Opportunity In This 6% Yield Natural Resources CEF

BALTIMORE, Jan. 18, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Adams Natural Resources Fund, Inc. (NYSE: PEO) today declared a distribution of $0.10 per share, payable March 1, 2024 to shareholders of record February 9, 2024, consisting of $0.04 net investment income and $0.01 long-term capital gain, both realized in 2023, and $0.05 net investment income realized in 2024.

Adams Natural Resources Fund Declares Distribution

BALTIMORE, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE: PEO) announces the Fund's investment returns for 2023. “In a difficult year for the Energy market, our Fund's exposure to the Materials sector offset some of the weakness. Good stock selection enabled the Fund to outperform its benchmark,” said Jim Haynie, CEO of Adams Funds.

Adams Natural Resources Fund Announces 2023 Performance

BALTIMORE, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE: PEO) has determined that $19.96 per share is the issue price for the closed-end fund's year-end distribution to shareholders who have elected to receive all or a portion of the distribution in the form of stock. This price is the mean between the high and low sales prices of the Fund's stock on the New York Stock Exchange on December 6, 2023.

Adams Natural Resources Fund Announces $19.96 Issue Price of Shares for Year-End Distribution Payable December 15, 2023

BALTIMORE, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE: PEO) declared today a year-end distribution of $1.05 per share. The total distributions by the Fund for 2023 will be $1.35, including the distributions totaling $0.30 per share made prior to today's announcement. The annual distribution rate represented by these distributions is 6.2%.

Adams Natural Resources Fund Declares Year-End Distribution; Exceeds Its Annual 6% Minimum Distribution Rate Commitment

The Adams Natural Resources Fund is an equities closed-end fund focused on energy and materials equities. PEO aims for long-term capital appreciation rather than income, but fails to outperform a simple 80% energy / 20% materials portfolio. PEO doesn't effectively utilize CEF features like leverage or high dividend yields, which are common in CEFs.

News for Adams Natural Resources Fund Inc ETF (PEO)