Adams Natural Resources Fund, Inc. declared a year-end distribution of $1.05 per share. The total distributions by the Fund for 2023 will be $1.35, including the distributions totaling $0.30 per share made prior to announcement. The annual distribution rate represented by these distributions is 6.2%.

The year-end distribution consists of the following: $0.40 per share from 2023 net investment income; and $0.65 per share from net capital gains realized during 2023, all of which is long-term gain. This marks the 72nd consecutive year that the Fund has paid out capital gains and the 89th consecutive year it has paid out dividends to its shareholders. The payable date for the distribution is December 15, 2023, the record date is November 20, 2023, and the ex-dividend date is November 17, 2023.

The year-end distribution is payable in stock and/or cash at the option of each shareholder.