Adams Diversified Equity Fund Reports Nine Month Results

BALTIMORE, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) today announced the Fund’s results for the nine months ended September 30^th. The total return on Adams Diversified Equity’s net asset value, with dividends and capital gains reinvested, was 12.8%. Comparable figures for the S&P 500 and the Morningstar U.S. Large Blend category were 13.1% and 11.6%, respectively. The total return on the market price of the Fund’s shares for the period was 15.5%.

For the twelve months ended September 30^th, the total return on Adams Diversified Equity’s net asset value, with dividends and capital gains reinvested, was 21.5%. Comparable figures for the S&P 500 and the Morningstar U.S. Large Blend category were 21.6% and 20.6%, respectively. The total return on the market price of the Fund’s shares for the period was 22.3%.

The Third Quarter Report to Shareholders is expected to be available on or about October 25, 2023.

ANNUALIZED COMPARATIVE RETURNS (9/30/2023)

	1 Year		3 Year		5 Year		10 Year
Adams Diversified Equity Fund (NAV)	21.5	%	10.6	%	10.6	%	12.6	%
Adams Diversified Equity Fund (market price)	22.3	%	10.5	%	10.5	%	12.5	%
Morningstar U.S. Large Blend Category	20.6	%	9.5	%	9.0	%	10.7	%
S&P 500	21.6	%	10.2	%	9.9	%	11.9	%

NET ASSET VALUE ANNOUNCED