Adams Natural Resources Fund Declares Year-End Distribution

BALTIMORE, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE: PEO) declared today a year-end distribution of $1.03 per share. The total distributions by the Fund for 2024 will be $1.77, including the distributions totaling $0.74 per share made in 2024 prior to today's announcement. The annual distribution rate represented by these distributions is 6.7%.

The Fund's estimated sources for the distribution to be paid on December 19, 2024 and for all distributions declared in 2024 to date are as follows:

	Distribution per Share	Net Investment Income	Net Realized Short-Term Gains	Net Realized Long-Term Gains	Return of Capital
December 19, 2024	$1.03	$0.14 (14%)	$0.00 (0%)	$0.89 (86%)	$0.00 (0%)
YTD 2024	$1.77	$0.65 (37%)	$0.00 (0%)	$1.12 (63%)	$0.00 (0%)

Fund Performance and Distribution Rate Information:

Average Annual Total Return (on NAV for the 5-year period ended on October 31, 2024) ¹	Annualized Current Distribution Rate (expressed as a percentage of NAV as of October 31, 2024) ²	Cumulative Total Return (on NAV for the fiscal year through October 31, 2024) ¹	Cumulative Fiscal Year Distribution Rate (as a percentage of NAV as of October 31, 2024) ³
15.0%	15.6%	9.8%	6.7%

¹ Total return is calculated assuming a purchase of a Fund share at the beginning of the period and a sale on the last day of the period at reported net asset value per share, excluding any brokerage commissions. Distributions are assumed to be reinvested at the price received in the Fund's dividend reinvestment plan. For periods greater than one year, returns are presented on an annualized basis.

² The annualized Current Distribution Rate is the current quarter's distribution rate per share annualized and expressed as a percentage of the Fund's NAV per share as of October 31, 2024.

³ The Cumulative Fiscal Year Distribution Rate is the distributions per share for the current fiscal year period, expressed as a percentage of the Fund's NAV per share as of October 31, 2024.

You should not draw any conclusions about the Fund's investment performance from the amount of the current distribution or from the terms of the Fund's Distribution Policy. The amounts and sources of distributions reported herein are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.