Adams Diversified Equity Fund, Inc. Appoints Lauriann Kloppenburg as an Independent Director, Effective October 12, 2017
October 12, 2017 at 11:57 pm IST
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The Boards of Directors of Adams Diversified Equity Fund and Adams Natural Resources Fund announced the election of Lauriann C. Kloppenburg as an independent director of the Funds, effective October 12, 2017. Kloppenburg retired as Chief Strategy Officer from Loomis, Sayles & Company, a privately-owned investment manager, in 2013 after over 30 years with the company. She began her career as a research assistant and served in a number of roles of increasing responsibility at Loomis, including Director of Equity Research from 1997 to 2004.
She was Loomis' Equity Chief Investment Officer from 2004 to 2012, and was also a member of its Board of Directors from 2000 to 2013.
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.