Adams Diversified Equity Fund Announces Initiatives to Enhance Shareholder Value
Adams Diversified Equity Fund Inc. (ADX)
US:NYSE Investor Relations:
adamsfunds.com/funds/diversified-equity/at-a-glance
Company Research
Source: GlobeNewswire
BALTIMORE, May 24, 2024 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) today announced two initiatives reflecting our ongoing commitment to long-term shareholder value creation: the implementation of a managed distribution policy (“Policy”) that will provide a higher annual distribution rate more evenly on a quarterly basis throughout the year and a tender offer expected to commence on July 5, 2024. These initiatives underscore our dedication to delivering long-term value, competitive performance, and stable, consistent distributions to our valued shareholders. MANAGED DISTRIBUTION POLICY Under the new Policy, the Fund commits to distribute a minimum 8% annual rate of the Fund’s average net asset value (“NAV”) to shareholders beginning with the third quarter distribution expected to be paid at the end of August 2024. The Fund expects to distribute 2% of average NAV for each quarterly distribution, with the fourth quarter distribution expected to be the greater
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- Adams Diversified Equity Fund Announces $21.29 Issue Price of Shares and Sources of Distribution for Third Quarter Distribution Payable August 30, 2024GlobeNewswire
ADX
Sec Filings
- 8/30/24 - Form N-PX
- 8/28/24 - Form NPORT-P
- 8/7/24 - Form SC
- ADX's page on the SEC website