Janis F. Kerns Elected Vice President Of Adams Diversified Equity And Adams Natural Resources Funds
The Board of Directors of Adams Diversified Equity Fund (NYSE: ADX) and Adams Natural Resources Fund (NYSE: PEO) has elected Janis F. Kerns as Vice President, effective April 15, 2021.
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Rhea-AI Summary
The Board of Directors of Adams Diversified Equity Fund (NYSE: ADX) and Adams Natural Resources Fund (NYSE: PEO) has elected Janis F. Kerns as Vice President, effective April 15, 2021. Kerns, who also serves as General Counsel, Corporate Secretary, and Chief Compliance Officer, brings over 20 years of legal and compliance experience in the investment management industry. CEO Mark Stoeckle praised her contributions to the Funds, which have a long history of stable dividend payments and are committed to a 6% annual distribution rate for investors.
Positive
- Janis F. Kerns has extensive experience in legal and compliance, enhancing the Funds' management.
- The Funds have a consistent history of paying dividends for over 80 years.
- Commitment to a 6% annual distribution rate provides reliable income to investors.
Negative
- None.
Details
News Market Reaction – ADX
The recorded move for ADX in the trading session of this news was -0.52%.
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BALTIMORE, April 20, 2021 /PRNewswire/ -- The Board of Directors of Adams Diversified Equity Fund, Inc. (NYSE: ADX) and Adams Natural Resources Fund, Inc. (NYSE: PEO) elected Janis F. Kerns as Vice President, effective April 15, 2021. Ms. Kerns also serves as General Counsel, Corporate Secretary, and Chief Compliance Officer of the Funds.
Prior to joining the Funds in 2018, Ms. Kerns represented closed-end funds and business development companies for over seven years in the Financial Services Practice Group at the law firm of Nelson, Mullins, Riley & Scarborough. Ms. Kerns also spent three years as senior counsel in the Securities and Exchange Commission's Division of Investment Management. Prior to that, she represented mutual funds for over six years in the Investment Management Practice Group at the law firm of Morrison & Foerster. Ms. Kerns began her legal career as an attorney for investment management firm PaineWebber, Inc. and has more than 20 years of legal and compliance experience in the investment management industry.
"We are pleased to recognize Janis' many contributions to our Funds. She serves as a valuable member of the Funds' senior management team," said Mark Stoeckle, CEO of Adams Funds.
Ms. Kerns holds a Bachelor of Arts degree in Chemistry from Wake Forest University and earned her Juris Doctor from the American University Washington College of Law. She is a member of the bar in Maryland and the District of Columbia, and actively represents the Funds within the closed-end fund industry and the Investment Company Institute.
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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
Contact:
Lyn Walther │Director of Shareholder Communications
800.638.2479 │ investorrelations@adamsfunds.com
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SOURCE Adams Funds
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