Adams Natural Resources Fund Declares Distribution

Rhea-AI Summary

Adams Natural Resources Fund (NYSE: PEO) declared a $0.49 per share distribution on Jan 15, 2026 payable Feb 25, 2026 to holders of record on Jan 26, 2026. Shareholders may receive the payment in additional shares (default) or cash if they elect cash by 4:00 PM ET on Feb 13, 2026, the valuation date. The issue price for share payments will be the lower of the Fund’s closing NYSE price or NAV on the valuation date.

The fund estimates the $0.49 distribution is sourced as 45% net investment income ($0.22), 27% long-term gains ($0.13) and 28% return of capital ($0.14). The fund reports a 5-year annualized NAV return of 20.4% and an annualized current distribution rate of 8.1% (as of Dec 31, 2025).

Positive

• Declared distribution of $0.49 per share payable Feb 25, 2026
• Shareholder choice to receive distribution in additional shares or cash (cash election by Feb 13, 2026 4:00 PM ET)
• Estimated sources include $0.22 net investment income (45% of distribution)
• 5-year annualized total return on NAV 20.4% through Dec 31, 2025
• Annualized current distribution rate of 8.1% (as of Dec 31, 2025)

Negative

• Estimated 28% return of capital component ($0.14), which may reduce tax basis
• Cash election requires timely election by Feb 13, 2026 4:00 PM ET, otherwise default is stock

BALTIMORE, Jan. 16, 2026 (GLOBE NEWSWIRE) -- On January 15, 2026, Adams Natural Resources Fund, Inc. (NYSE: PEO) declared a distribution of $0.49 per share payable February 25, 2026 to shareholders of record on January 26, 2026. 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 February 13, 2026, 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 Fund’s estimated sources for the distribution to be paid on February 25, 2026 and for all distributions declared in 2026 to date are as follows:

Date Paid	Distribution per Share		Net Investment Income	Net Realized Short-Term Gains	Net Realized Long- Term Gains	Return of Capital
February 25, 2026	$0.49		$0.22 (45%)	$0.00 (0%)	$0.13 (27%)	$0.14 (28%)
YTD 2026	$0.49		$0.22 (45%)	$0.00 (0%)	$0.13 (27%)	$0.14 (28%)

Fund Performance and Distribution Rate Information:

Average Annual Total Return on NAV for the 5-year period ended on December 31, 20251	Annualized Current Distribution Rate (expressed as a percentage of NAV as of December 31, 2025) 2	Cumulative Total Return on NAV for the fiscal year through December 31, 2025 1	Cumulative Fiscal Year Distribution Rate (expressed as a percentage of NAV as of December 31, 2025) 3
20.4%	8.1%	9.4%	2.0%

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 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 December 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 December 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.

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 please contact: adamsfunds.com/about/contact │800.638.2479

FAQ

What distribution did Adams Natural Resources Fund (PEO) declare on January 15, 2026?

The fund declared a $0.49 per share distribution payable on Feb 25, 2026 to shareholders of record on Jan 26, 2026.

How can PEO shareholders receive the Feb 25, 2026 distribution in cash instead of shares?

Shareholders must elect cash by submitting a valid election before 4:00 PM ET on Feb 13, 2026; otherwise distributions default to additional shares.

What are the estimated sources of the PEO $0.49 distribution for Feb 25, 2026?

Estimated sources are $0.22 net investment income (45%), $0.13 long-term gains (27%), and $0.14 return of capital (28%).

What was PEO’s reported 5-year annualized total return on NAV as of Dec 31, 2025?

The fund reported a 5-year annualized total return on NAV of 20.4% for the period ended Dec 31, 2025.

What is the annualized current distribution rate for Adams Natural Resources Fund (PEO)?

The Annualized Current Distribution Rate is reported as 8.1% expressed as a percentage of NAV as of Dec 31, 2025.