Adams Natural Resources Fund Declares Distribution

Rhea-AI Summary

Adams Natural Resources Fund (NYSE: PEO) declared a quarterly distribution of $0.49 per share payable December 19, 2025 to shareholders of record on November 21, 2025. Stockholders may elect cash by 4:00 p.m. ET on December 10, 2025; default is additional shares priced at the lower of NAV or closing NYSE price on the valuation date.

The Fund reports 2025 year-to-date distributions of $2.05 per share and an annual distribution rate of 8.4%. For the December 19 payout the Fund estimates 29% net investment income and 71% return of capital.

Positive

• Quarterly distribution declared of $0.49 per share
• YTD distributions of $2.05 per share in 2025
• Annual distribution rate of 8.4% reported for 2025
• Five-year annualized NAV return of 25.7%

Negative

• December distribution composed of 71% return of capital
• Distribution source amounts are estimates, not final tax allocations
• Cash election deadline is before valuation date: 4:00 PM ET on December 10, 2025

BALTIMORE, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE: PEO) declared today a quarterly distribution of $0.49 per share payable December 19, 2025 to shareholders of record on November 21, 2025. The distribution is optionally payable in additional shares of common stock (default) or in cash by specific stockholder election received before 4 p.m. (ET) on December 10, 2025, the valuation date. The issue price for shares will be the lower of the Fund’s closing NYSE market price or the Fund’s NAV per share on the valuation date.

The total distributions per share declared by the Fund in 2025 is $2.05. The annual distribution rate represented by these distributions is 8.4%.

The Fund’s estimated sources for the distribution to be paid on December 19, 2025 and for all distributions declared in 2025 to date are as follows:

	Distribution  per Share	Net Investment Income	Net Realized Short-Term Gains	Net Realized Long-Term Gains	Return of  Capital
December 19, 2025	$0.49	$0.14 (29%)	$0.00 (0%)	$0.35 (71%)	$0.00 (0%)
YTD 2025	$2.05	$0.61 (30%)	$0.00 (0%)	$1.44 (70%)	$0.00 (0%)

Fund Performance and Distribution Rate Information:

Average Annual Total  Return (on NAV for the 5-year period ended on October 31, 2025)1	Annualized Current Distribution Rate (expressed as a percentage of NAV as of October 31, 2025) 2	Cumulative Total Return (on  NAV for the fiscal year through October 31, 2025) 1	Cumulative Fiscal Year  Distribution Rate (as a percentage of NAV as of October 31, 2025) 3
25.7%	8.2%	6.2%	8.6%

¹  Total return is calculated assuming a purchase of a Fund share at the beginning of the period and a sale on the last day of the period at reported net asset value per share, excluding any brokerage commissions. Distributions are assumed to be reinvested at the lower of the net asset value per share or the closing NYSE market price on the distribution’s valuation date for those receiving shares for the distribution. For periods greater than one year, returns are presented on an annualized basis.

²  The Annualized Current Distribution Rate is the current quarter’s distribution rate per share annualized and expressed as a percentage of the Fund’s NAV per share as of October 31, 2025.

³  The Cumulative Fiscal Year Distribution Rate is the distributions per share for the current fiscal year period, expressed as a percentage of the Fund’s NAV per share as of October 31, 2025.

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 Distribution Policy. The amounts and sources of distributions reported herein are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

This marks the 74^th consecutive year that the Fund has paid out capital gains and the 91^st consecutive year it has paid out dividends to its shareholders.

"We are pleased to announce our 2025 annual distribution rate of 8.4% of NAV, which exceeds our commitment and continues our long history of providing meaningful dividend income and capital gains to our shareholders under all market conditions. This year’s distributions continue our unbroken distribution commitment to shareholders,” said the Fund’s CEO, James P. Haynie.

About Adams Funds

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 90 years across many market cycles. The Funds are committed to paying a minimum annual distribution rate of 8% of NAV paid evenly each quarter throughout the year, providing reliability for long-term shareholders. A portion of any distribution may be treated as paid from sources other than net income, including but not limited to short-term capital gain, long-term capital gain, and return of capital. The final determination of the source of all distributions for tax reporting purposes in a calendar year, including the percentage of qualified dividend income, will be made after year-end. Shares can be purchased through our transfer agent or through a broker. For more information about Adams Funds, please visit: adamsfunds.com.

For further information: adamsfunds.com/about/contact │800.638.2479 

FAQ

What distribution did Adams Natural Resources Fund (PEO) declare on November 14, 2025?

The Fund declared a quarterly distribution of $0.49 per share, payable December 19, 2025 to holders of record November 21, 2025.

How can PEO shareholders receive the December 19, 2025 distribution in cash?

Shareholders must elect cash by 4:00 p.m. ET on December 10, 2025; otherwise distributions default to additional shares.

What proportion of PEO's December 19, 2025 distribution is return of capital?

The Fund estimates the December 19 distribution is 71% return of capital and 29% net investment income.

What is PEO's reported year-to-date distribution and annual rate for 2025?

YTD distributions total $2.05 per share in 2025, representing an annual distribution rate of 8.4%.

Will the distribution sources on the press release be final for tax reporting for PEO?

No; the amounts are estimates and the Fund will send Form 1099-DIV for final federal tax reporting.

What NAV-based performance metrics did PEO report through October 31, 2025?

The Fund reported a 5-year annualized NAV return of 25.7% and a fiscal-year-to-date NAV return of 6.2% through October 31, 2025.