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Adams Natural Resources Fund Announces 2024 Performance

1. PEO's 2024 total return was 5.3%, outperforming the Materials Sector. 2. Market price returned 13.8%, indicating strong performance compared to NAV. 3. Dividends totaled $1.77 per share, with a 6.7% annual distribution rate. 4. CEO highlighted disciplined stock selection amid energy market challenges. 5. Top holdings include Exxon Mobil and Chevron, influencing PEO's performance.

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Why Bullish?

Outperforming benchmarks and solid dividend payouts can attract investor interest.

How important is it?

Strong performance and dividends likely influence PEO's attractiveness to investors significantly.

Why Short Term?

Positive returns and dividends signal immediate investor confidence, impacting short-term price.

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January 16, 2025 17:16 ET  | Source: Adams Natural Resources Fund, Inc. BALTIMORE, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE: PEO) announces the Fund’s investment returns for 2024. The total return on the Fund’s net asset value for 2024 was 5.3%, with dividends and capital gains reinvested. The comparable figures for the S&P 500 Energy Sector and the S&P 500 Materials Sector were 5.7% and 0.0%, respectively.  Our benchmark, which is comprised of the S&P 500 Energy Sector (80%) and the S&P 500 Materials Sector (20%), returned 4.6%. The total return on the Fund’s market price for the same period was 13.8%. The Fund paid $1.77 per share in income dividends and realized capital gain distributions to shareholders in 2024, producing an annual distribution rate of 6.7% of net asset value. “The Energy market presented challenges in 2024. Our disciplined approach supported good stock selection that enabled the Fund to outperform its benchmark,” 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 Natural Resources Fund (NAV)5.3%16.1%12.5%5.5%Adams Natural Resources Fund (market price)13.8%17.8%13.0%5.8%S&P 500 Energy Sector5.7%20.0%12.1%4.9%S&P 500 Materials Sector0.0%-0.4%8.7%7.9%      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$636,334,398$633,446,941Shares outstanding26,284,55025,514,441Net asset value per share$24.21$24.83     TEN LARGEST EQUITY PORTFOLIO HOLDINGS (12/31/24)   % of Net AssetsExxon Mobil Corporation24.2%Chevron Corporation11.6%ConocoPhillips6.4%Linde plc4.6%EOG Resources, Inc.4.2%Williams Companies, Inc..3.1%ONEOK, Inc.3.0%Hess Corporation2.9%Baker Hughes Company2.8%Phillips 662.5%     Total65.3%   INDUSTRY WEIGHTINGS (12/31/24)   % of Net AssetsEnergy Integrated Oil & Gas35.8%Exploration & Production20.7%Storage & Transportation10.3%Refining & Marketing6.4%Equipment & Services6.3%Energy Related0.5%Materials Chemicals13.0%Metals & Mining  3.1%Containers & Packaging1.9%Construction Materials1.5%   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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