BALTIMORE, July 9, 2015 /PRNewswire/ --
PERFORMANCE
Adams Diversified Equity Fund, Inc. (NYSE:ADX) continued its
recent outperformance, reporting a total return on net asset value
of 2.7% for the first six months of 2015, well ahead of the S&P
500 return of 1.2% and the Lipper Large-Cap Core Mutual Funds
Average (Lipper Peer Group) return of 1.0%. The total return on
Adams Diversified Equity's market price was 2.8%.
For the twelve months ended June
30th, the total return on Adams Diversified Equity's net
asset value, with dividends and capital gains reinvested, was 9.4%.
Comparable figures for the S&P 500 and the Lipper Peer Group
were 7.4% and 5.8%, respectively. The total return on Adams
Diversified Equity's market price was 10.3%.
DIVIDEND
The Board of Directors today declared an interim dividend of
$0.05 per share, payable September 1, 2015, to shareholders of record
August 12, 2015. This dividend
represents the third payment toward this year's annual 6% minimum
distribution rate commitment. In 2014, the Fund paid out
distributions at an annual distribution rate of 8.8%. Details
regarding the Fund's annual 6% minimum distribution rate commitment
can be found at www.adamsfunds.com.
NET ASSET VALUE
|
6/30/15
|
6/30/14
|
Net assets
|
$1,546,489,828
|
$1,507,502,245
|
Shares
outstanding
|
95,542,255
|
93,780,557
|
Net asset value per
share
|
$16.19
|
$16.07
|
The Fund repurchased 765,000 shares of its common stock during
six-month period at an average price per share of $14.05 and a weighted average discount to net
asset value of 13.8%.
The Fund realized a net capital gain of $0.52 per share from the securities transactions
that it conducted during the six-month period.
The Second Quarter Report to Shareholders is expected to be
released on or about July 17,
2015.
Adams Diversified Equity Fund, Inc., formerly known as The Adams
Express Company, is a Baltimore-based closed-end fund that has been
operating as an investment company since 1929. Its stock
trades on the New York Stock Exchange under the ticker symbol
ADX.
For further information, please contact:
Nancy J. Floyd Prue
Executive Vice President
Director of Shareholder Communications
410.752.5900 or 800.638.2479
Email: contact@adamsfunds.com
adamsfunds.com
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SOURCE Adams Diversified Equity Fund, Inc.