Steven G. Chambers Joins the Boards of Directors of Adams Diversified Equity Fund and Adams Natural Resources Fund
BALTIMORE, Feb. 12, 2026 (GLOBE NEWSWIRE) -- The Boards of Directors of Adams Diversified Equity Fund (NYSE: ADX) and Adams Natural Resources Fund (NYSE: PEO), two of the nation’s oldest closed-end funds, announce the election of Steven G. Chambers as an independent director of the Funds, effective February 12, 2026.
Dr. Chambers is a seasoned leader and innovator in the educational technology space, leading a range of companies from start-ups to large tech company operations for more than 25 years. He brings broad experience in corporate leadership and governance to the Board, as well as deep understanding of AI and AI-supported developing technologies. As CEO of Jibo, Inc., Dr. Chambers developed the first social robot for the home, named Time Magazine’s Innovation of the Year for 2017. He is an experienced Board member and advisor, currently serving on the Boards of CallMiner, a conversation analytics company, Snorble, developer of a smart sleep assistant for children, and a Board advisor for several AI and language-driven technology companies.
“Steve’s experience complements the core strengths of the Board,” said James P. Haynie, CEO of the Funds. “We look forward to his contributions to Adams Funds and the benefit of his long experience in executive leadership.”
“I am honored to serve on the Board of Directors of Adams Funds,” said Dr. Chambers. “I am mindful that as they approach their one-hundredth year of operations, the Adams Funds remain two of the most well-respected closed-end funds in the market today. I look forward to working with my fellow Board members to ensure the continued growth and success of these historic Funds.”
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: .
For further information please contact: adamsfunds.com/about/contact │800.638.2479
