Adams Natural Resources Fund Inc V.PEO

Primary Symbol: PEO

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.

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Adams Natural Resources Fund Inc > Upcoming Q3 Results

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Comment by The6ixon Jul 20, 2020 8:37am

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Post# 31289451

RE:RE:RE:Upcoming Q3 Results

The Company realized revenue growth for the three months ended May 31, 2020, of $10.8 million (25.5%). Organic growth of $3.5 million (8.2%) is comprised of $1,869 (4.4%) which was recognized during the quarter and $1.6 million (3.8%) of certain revenues that were recognized in the second quarter of fiscal 2020 that were not included in the calculation of organic growth for the second quarter. The growth was primarily from launching new services, gaining new clients, increasing product and service penetration with existing clients and natural inflationary factors.

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