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Adams Diversified Equity Fund Announces 2024 Performance

1. Adams Diversified Equity Fund's 2024 total returns were 23.6%. 2. The fund's market return outperformed its peers at 28.1%. 3. Paid $2.50 per share, achieving a 10.9% annual distribution rate. 4. Outperformed commitment to distribute 8% of NAV announced mid-year. 5. The fund's top holdings include major tech companies like Apple and Microsoft.

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FAQ

Why Bullish?

Strong performance and high dividends could attract more investors, similar to past successes.

How important is it?

Consistent returns and high distribution rates signify ADX’s financial health and attractiveness.

Why Short Term?

Immediate investor response expected due to reported returns and distributions.

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January 16, 2025 17:17 ET  | Source: Adams Diversified Equity Fund, Inc. BALTIMORE, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) announces the Fund’s investment returns for 2024. The total return on the Fund’s net asset value for 2024 was 23.6%, with dividends and capital gains reinvested. The comparable figures for the S&P 500 Index and Morningstar U.S. Large Blend Category were 25.0% and 22.7%, respectively. The total return on the Fund’s market price for the period was 28.1%. The Fund paid $2.50 per share in income dividends and realized capital gain distributions to shareholders in 2024, producing an annual distribution rate of 10.9% on net asset value. “In a year of increased volatility related to the presidential election, we were pleased to outperform our peers in 2024 and distribute 10.9% of NAV to shareholders, significantly more than our new commitment adopted mid-year to annually distribute 8% of NAV,” said Jim Haynie, CEO of Adams Funds. The 2024 Annual Report is expected to be released on or about February 19, 2025.  ANNUALIZED ONE, THREE, FIVE, AND TEN-YEAR COMPARATIVE RETURNS (12/31/24)  1 Year3 Year5 Year10 YearAdams Diversified Equity Fund  (NAV)23.6%9.2%15.0%13.7%Adams Diversified Equity Fund (market price)28.1%10.5%15.3%14.1%Morningstar U.S. Large Blend Category22.7%7.8%13.3%11.8%S&P 50025.0%8.9%14.5%13.1%          NET ASSET VALUE ANNOUNCED The Fund’s net asset value at the end of 2024, compared with the year earlier, was:  12/31/2412/31/23Net assets$2,662,523,552$2,550,393,350Shares outstanding117,585,976124,051,639Net asset value per share$22.64$20.56    TEN LARGEST EQUITY PORTFOLIO HOLDINGS (12/31/24)   % of Net Assets Apple Inc.8.0%Microsoft Corporation. 7.1%NVIDIA Corporation6.9%Amazon.com, Inc.4.8%Alphabet Inc. Class A3.9%Meta Platforms, Inc. Class A2.8%Broadcom Inc.2.5%Adams Natural Resources Fund, Inc.*1.9%JP Morgan Chase & Co.1.9%Tesla, Inc.1.8%     Total41.6%* Non-controlled affiliated closed-end fund.      SECTOR WEIGHTINGS (12/31/24)  % of Net AssetsInformation Technology32.4%Financials13.4%Consumer Discretionary11.4%Health Care9.9%Communication Services9.3%Industrials7.8%Consumer Staples5.7%Energy3.5%Utilities2.2%Real Estate2.0%Materials1.7%    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

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