Adams Natural Resources Fund, Inc. Announces Executive Changes
July 03, 2018 at 08:30 am EDT
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Adams Natural Resources Fund, Inc. (PEO) announced, that after 21 years with the company, and its sister fund, Adams Diversified Equity Fund, Inc. (ADX), Lawrence (Laurie) Hooper, Jr. has retired. He served as Adams Funds' General Counsel and Corporate Secretary since 1997, and as Chief Compliance Officer since 2005. He was also a member of the Funds' Management Committee. The Fund also announces that Janis Kerns, Assistant General Counsel, has been appointed General Counsel, Corporate Secretary, and Chief Compliance Officer, effective July 3, 2018. Ms. Kerns joined Adams Funds in January 2018 with over 23 years of experience representing the investment management industry.
Adams Natural Resources Fund, Inc. (the Fund) is a non-diversified investment company. The Fund is an internally managed closed-end fund specializing in energy and other natural resources stocks. The Fund's investment objectives are preservation of capital, the attainment of reasonable income from investments, and an opportunity for capital appreciation. The Fund invests at least 80% of its assets in petroleum or natural resources industries or industries connected with, serving and/or supplying the petroleum or natural resources industries. The Fund has broad flexibility to invest in stocks of varying capitalizations, and primarily invests in stocks found in the S&P 500 Energy and S&P 500 Materials sectors. The Fund invests at least 25% of its assets in petroleum and petroleum-related industries. The Fund may invest up to 25% of its assets in commodities related to petroleum, minerals and related products, including swaps. The Fund may invest up to 10% of its assets in real property.
ADAMS NATURAL RESOURCES FUND, INC. 