reports
Adams Diversified Equity Fund Declares Year-End Distribution
Adams Diversified Equity Fund Declares Year-End Distribution BALTIMORE, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) declared today a year-end distribution of $1.96 per share. The total distributions by the Fund for 2024 will be $2.50 per share, including the distributions totaling $0.54 per share made in 2024 prior to today’s announcement. The annual distribution rate represented by these distributions is 10.9%. The Fund’s estimated sources for the distribution to be paid on December 23, 2024 and for all distributions declared in 2024 to date are...
Adams Diversified Equity Fund: 1 director
A director at Adams Diversified Equity Fund sold 9,500 shares at 21.927USD and the significance rating of the trade was 48/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two ...
Adams Diversified Equity Fund Reports Nine Month Results
Adams Diversified Equity Fund Reports Nine Month Results BALTIMORE, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) today announced the Fund’s results for the nine months ended September 30th. The total return on Adams Diversified Equity’s net asset value, with dividends and capital gains reinvested, was 21.3%. Comparable figures for the S&P 500 and the Morningstar U.S. Large Blend category were 22.1% and 20.4%, respectively. The total return on the market price of the Fund’s shares for the period was 24.9%. For the twelve months ended September 30th, th...
Adams Diversified Equity Fund Announces $21.29 Issue Price of Shares a...
Adams Diversified Equity Fund Announces $21.29 Issue Price of Shares and Sources of Distribution for Third Quarter Distribution Payable August 30, 2024 BALTIMORE, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) has determined that $21.29 per share is the issue price for the Fund’s third quarter distribution to shareholders. This price is the mean between the high and low sales prices of the Fund’s stock on the New York Stock Exchange on August 21, 2024, the valuation date. The shares of common stock will be issued in connection with payment of the $0.44 ...
Adams Diversified Equity Fund Announces Final Tender Offer Results
Adams Diversified Equity Fund Announces Final Tender Offer Results BALTIMORE, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) announced today the final results of its offer to purchase up to 12,405,174 of its common shares at $22.47, 98% of the $22.93 net asset value per share (“NAV”) at the close of regular trading on the New York Stock Exchange on August 2, 2024, the expiration date (“Offer”), which include an updated proration factor. No other information about the Offer results has changed. Based on the final count by Equiniti Trust Company, LLC (“EQ...
Adams Diversified Equity Fund Announces Tender Offer Results
Adams Diversified Equity Fund Announces Tender Offer Results BALTIMORE, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) announced today the final results of its offer to purchase up to 12,405,174 of its common shares at $22.47, 98% of the $22.93 net asset value per share (“NAV”) at the close of regular trading on the New York Stock Exchange on August 2, 2024, the expiration date. Based on the final count by Equiniti Trust Company, LLC (“EQ”), the depositary for the tender offer, a total of 41,882,825 common shares of ADX were validly tendered and not wit...
Adams Diversified Equity Fund Announces Preliminary Tender Offer Resul...
Adams Diversified Equity Fund Announces Preliminary Tender Offer Results BALTIMORE, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) announced today the preliminary results of its offer to purchase up to 12,405,174 of its common shares at $22.47, 98% of the $22.93 net asset value per share (“NAV”) at the close of regular trading on the New York Stock Exchange on August 2, 2024, the expiration date. The tender offer expired at 5:00 p.m. (ET) on August 2, 2024 and was not extended. Based on the preliminary count by Equiniti Trust Company, LLC (“EQ”), the de...
Adams Diversified Equity Fund Declares Distribution and Announces Firs...
Adams Diversified Equity Fund Declares Distribution and Announces First Half Performance BALTIMORE, July 18, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Adams Diversified Equity Fund, Inc. (NYSE: ADX) today declared a distribution of $.44 per share, payable August 30, 2024 in newly issued shares unless shareholders elect to receive cash, to shareholders of record August 5, 2024. This distribution represents the initial payment under the Fund’s Managed Distribution Policy to pay at least 2% of average net asset value each quarter. You should not draw any conclusions about the Fund’...
Adams Diversified Equity Fund Announces Commencement of Tender Offer
Adams Diversified Equity Fund Announces Commencement of Tender Offer BALTIMORE, July 05, 2024 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) announced today the commencement of the Fund’s previously announced tender offer to acquire in exchange for cash up to 10%, or 12,405,174 shares, of its issued and outstanding Common Stock, at a price equal to 98% of net asset value per share as of the close of ordinary trading on the New York Stock Exchange (“NYSE”) on August 2, 2024, or, if the tender offer is extended, the day the offer expires (the “Tender Offer”). Register...
Adams Funds Announce Governance Updates
Adams Funds Announce Governance Updates BALTIMORE, June 03, 2024 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX), and Adams Natural Resources Fund, Inc. (NYSE: PEO) announced today that the Board of Directors of each Fund has unanimously approved several governance updates: election of a classified board structure and adoption of certain bylaws amendments. The Funds have each elected to be subject to Maryland Corporations Code Section 3-803, which provides for a classified board structure consisting of three director classes of three years each. These elections streng...
Adams Diversified Equity Fund Announces Initiatives to Enhance Shareho...
Adams Diversified Equity Fund Announces Initiatives to Enhance Shareholder Value 8% Annual Rate Managed Distribution Policy and a Tender Offer for 10% of Outstanding Shares at 98% of NAV BALTIMORE, May 24, 2024 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) today announced two initiatives reflecting our ongoing commitment to long-term shareholder value creation: the implementation of a managed distribution policy (“Policy”) that will provide a higher annual distribution rate more evenly on a quarterly basis throughout the year and a tender offer expected to commence...
William H. Reinhardt Elected Vice President – Research, Adams Diversif...
William H. Reinhardt Elected Vice President – Research, Adams Diversified Equity Fund BALTIMORE, Md., April 18, 2024 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund (NYSE: ADX) announced that William H. Reinhardt has been elected Vice President-Research, effective April 18, 2024. Mr. Reinhardt joined Adams Diversified Equity Fund in February 2023 as a senior equity analyst covering the Industrials sector. Prior to joining the Fund, Mr. Reinhardt worked at Monarch Partners and before that, at Columbia Threadneedle, as a senior equity analyst covering Industrials, Materials, and En...
Adams Diversified Equity Fund Declares Distribution and Announces Firs...
Adams Diversified Equity Fund Declares Distribution and Announces First Quarter Performance BALTIMORE, April 18, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Adams Diversified Equity Fund, Inc. (NYSE: ADX) today declared a distribution of $.05 per share from net investment income, payable May 31, 2024, to shareholders of record May 17, 2024. This distribution represents the second payment this year toward the Fund’s annual 6% minimum distribution rate commitment, which can be found at adamsfunds.com. FIRST QUARTER PERFORMANCE For the three months ended March 31st, the total return...
Adams Diversified Equity Fund Declares Distribution
Adams Diversified Equity Fund Declares Distribution BALTIMORE, Jan. 18, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Adams Diversified Equity Fund, Inc. (NYSE: ADX) today declared a distribution of $0.05 per share, payable March 1, 2024, to shareholders of record February 9, 2024, consisting of $0.03 net investment income and $0.01 long-term capital gain, both realized in 2023, and $0.01 net investment income realized in 2024. About Adams Funds Since 1929, Adams Funds has consistently helped generations of investors reach their investment goals. Adams Funds is comprised of two clo...
Adams Diversified Equity Fund Announces 2023 Performance
Adams Diversified Equity Fund Announces 2023 Performance BALTIMORE, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) announces the Fund’s investment returns for 2023. The total return on the Fund’s net asset value for 2023 was 27.5%, with dividends and capital gains reinvested. The comparable figures for the S&P 500 Index and Morningstar U.S. Large Blend Category were 26.3% and 24.1%, respectively. The total return on the Fund’s market price for the period was 31.2%. “We were pleased to generate a 27.5% return in 2023, outperforming our ...
Adams Diversified Equity Fund Announces $17.02 Issue Price of Shares f...
Adams Diversified Equity Fund Announces $17.02 Issue Price of Shares for Year-End Distribution Payable December 20, 2023 BALTIMORE, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) has determined that $17.02 per share is the issue price for the closed-end fund’s year-end distribution to shareholders who have elected to receive all or a portion of the distribution in the form of stock. This price is the mean between the high and low sales prices of the Fund’s stock on the New York Stock Exchange on December 6, 2023. The shares of common stock will be issue...
Adams Diversified Equity Fund Declares Year-End Distribution; Exceeds ...
Adams Diversified Equity Fund Declares Year-End Distribution; Exceeds Its Annual 6% Minimum Distribution Rate Commitment BALTIMORE, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) declared today a year-end distribution of $1.15 per share. The total distributions by the Fund for 2023 will be $1.30, including the distributions totaling $0.15 per share made prior to today’s announcement. The annual distribution rate represented by these distributions is 8.1%. The year-end distribution consists of the following: $0.02 per share from 2023 net investment inco...
Adams Diversified Equity Fund Reports Nine Month Results
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 30th. 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 30th, th...
Adams Natural Resources Fund Declares Distribution and Announces First...
Adams Natural Resources Fund Declares Distribution and Announces First Half Performance BALTIMORE, July 20, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Adams Natural Resources Fund, Inc. (NYSE: PEO) today declared a distribution of $.10 per share from net investment income, payable September 1, 2023, to shareholders of record August 18, 2023. This distribution represents the third payment this year toward the Fund’s annual 6% minimum distribution rate commitment, which can be found at adamsfunds.com. FIRST HALF PERFORMANCE For the six months ended June 30th, the total return on ...
Adams Diversified Equity Fund Declares Distribution and Announces Firs...
Adams Diversified Equity Fund Declares Distribution and Announces First Half Performance BALTIMORE, July 20, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Adams Diversified Equity Fund, Inc. (NYSE: ADX) today declared a distribution of $.05 per share from net investment income, payable September 1, 2023, to shareholders of record August 18, 2023. This distribution represents the third payment this year toward the Fund’s annual 6% minimum distribution rate commitment, which can be found at adamsfunds.com. FIRST HALF PERFORMANCE For the six months ended June 30th, the total ...
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