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 direct
8% Annual Rate Managed Distribution Policy and a Tender Offer for 10% of Outstanding Shares at 98% of NAVBALTIMORE, 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
8% Annual Rate Managed Distribution PolicyBALTIMORE, May 24, 2024 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE: PEO) today announced an initiative 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. This initiative underscores our dedication to delivering long-term value, competitive perfor