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Gregory W. Buckley Elected President of Adams Natural Resources Fund

1. Gregory W. Buckley elected President of Adams Natural Resources Fund. 2. Buckley has extensive experience in energy sector portfolio management. 3. PEO has paid distributions for over 90 years, ensuring shareholder reliability. 4. The Fund commits to a minimum annual distribution rate of 8% of NAV.

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FAQ

Why Bullish?

Buckley's leadership may enhance PEO's strategic direction and performance, similar to past management transitions that led to increased stock value.

How important is it?

Leadership changes in established funds often influence investor confidence and long-term strategies.

Why Long Term?

Improvements in leadership usually take time to reflect in stock performance, especially within the energy sector.

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ADX
April 17, 2025 18:56 ET  | Source: Adams Natural Resources Fund, Inc. BALTIMORE, April 17, 2025 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE: PEO), one of the nation’s oldest closed-end funds, today announced that Gregory W. Buckley has been elected President of the Fund. Mr. Buckley has been an Executive Vice President and a portfolio manager of ADX since April 20, 2023. He will continue to serve as a member of the portfolio management team that is currently headed by CEO James P. Haynie. Mr. Buckley joined Adams Natural Resources Fund in September 2013 as a senior equity analyst covering the energy and utilities sectors. He was promoted to Vice President-Research in April 2015. He is also a Vice President-Research of Adams Diversified Equity Fund, Inc., PEO’s affiliate, since 2019. “Greg has done an excellent job since joining the PEO portfolio management team and has exhibited the dedication and insight that I believe will make him valuable as President of the Fund,” said Mr. Haynie. Mr. Buckley began covering the energy sector in 1999 and prior to joining Adams Funds worked at BNP Paribas as an Equity Analyst and Portfolio Manager. His experience also includes managing a long/short Energy fund at Citadel LLC and working as an Energy Analyst at Pioneer Investments. Mr. Buckley holds a Bachelor of Science degree in Finance from Villanova University and an MBA from the Kenan-Flagler Business School at the University of North Carolina. Adams Natural Resources Fund, Inc. is one of the nation’s oldest and most respected closed-end funds and is the longest-tenured closed-end fund specializing in energy and natural resources stocks. About Adams FundsSince 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 distributions 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

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