Adams Diversified Equity Fund Declares Year-End Distribution; Exceeds its Annual 6% Minimum Distribution Rate Commitment

BALTIMORE, Nov. 11, 2021

The year-end distribution consists of the following:

• $0.07 per share from 2021 net investment income; and

• $2.76 per share from net capital gains realized during 2021, of which $0.35 was short-term gain and $2.41 was long-term gain.

This marks the 57^th consecutive year that the Fund has paid out capital gains and the 86^th consecutive year it has paid out dividends to its shareholders.

Commenting on the year-end distribution, Mark E. Stoeckle, CEO of Adams Diversified Equity Fund, said: "The U.S. equity market continues to be in the longest bull market in history. Coupled with good stock selection, this created significant embedded gains that we realized while positioning for new opportunities.  We are pleased to announce our 2021 distribution rate of 15.7%, which far exceeds our commitment to distribute at least 6% of the Fund's trailing 12-month average month-end market price. While future market conditions are uncertain, we are proud of our long history of providing dividend income and capital gains to our shareholders under all market conditions, and this year's distributions add to that exceptional track record."

The payable date for the distribution is December 22, 2021, the record date is November 22, 2021, and the ex-dividend date is November 19, 2021. The year-end distribution is payable in stock and/or cash at the option of each shareholder.

Details regarding the annual distribution rates and the Fund's 6% minimum distribution commitment can be found at adamsfunds.com.