Adams Natural Resources Fund Reports Nine Month Results

BALTIMORE, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE: PEO) today announced the Fund’s results for the nine months ended September 30^th. The total return on Adams Natural Resources’ net asset value, with dividends and capital gains reinvested, was 6.3%. This compares to a total return of 5.5% for the Fund’s benchmark, which is comprised of the S&P 500 Energy Sector (83% weight) and the S&P 500 Materials Sector (17% weight), over the same period. The total return on the market price of the Fund’s shares for the period was 7.5%.

For the twelve months ended September 30^th, the total return on Adams Natural Resources’ net asset value, with dividends and capital gains reinvested, was 29.3%. Comparable return for the Fund’s benchmark was 28.2%. The total return on the market price of the Fund’s shares for the period was 28.0%.

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 Natural Resources Fund (NAV)	29.3	%	41.0	%	9.6	%	5.1	%
Adams Natural Resources Fund (market price)	28.0	%	41.4	%	10.0	%	5.2	%
S&P 500 Energy Sector	30.2	%	51.4	%	9.0	%	5.1	%
S&P 500 Materials Sector	18.1	%	9.5	%	8.6	%	8.7	%

NET ASSET VALUE ANNOUNCED