PEO

Adams Natural Resources Fund, Inc. operates as a closed-end equity investment fund focused on energy and natural resources sectors. The fund invests primarily in publicly traded companies engaged in energy, metals and mining, and agriculture businesses, with particular emphasis on oil and gas exploration, production, and services companies. Headquartered in Baltimore, Maryland, Adams Natural Resources is internally managed and trades on the New York Stock Exchange under the ticker symbol PEO. The fund maintains a concentrated portfolio typically holding between 40 to 60 positions, seeking both capital appreciation and current income through dividend-paying stocks. As a closed-end fund, it issues a fixed number of shares that trade at market prices which may differ from the fund's net asset value per share. Adams Natural Resources distinguishes itself through an experienced investment team with deep sector expertise and a long-term investment approach focused on fundamental analysis. The fund regularly distributes income to shareholders through quarterly dividends and periodic capital gains distributions. With roots dating back to 1929 as part of the Adams Funds family, the fund reorganized into its current natural resources focus in 2011 to capitalize on long-term growth trends in global commodity demand. The fund provides investors with professionally managed exposure to the natural resources sector without the need to directly own and monitor individual commodity-related stocks.