Adams Natural Resources Fund, Inc. declared a year-end distribution of $1.33 per share. The total distributions by the Fund for 2022 will be $1.63, including the distributions totaling $0.30 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: · $0.53 per share from 2022 net investment income; and $0.80 per share from net capital gains realized during 2022, of which $0.15 was short-term gain and $0.65 was long-term gain. The payable date for the distribution is December 16, 2022, the record date is November 21, 2022, and the ex-dividend date is November 18, 2022. The year-end distribution is payable in stock and/or cash at the option of each shareholder.