PEO tangible book value per share history

Annual fiscal periods. Dates are reporting period ends; fiscal years can differ from calendar years.

Adams Natural Resources Fund, Inc. Common Stock Tangible Book Value Per Share — Annual fiscal periods
Period ending	Tangible Book Value Per Share
Dec 31, 2025	24.5557
Dec 31, 2024	24.2094
Dec 31, 2023	26.138
Dec 31, 2022	26.5307
Dec 31, 2021	19.2198
Dec 31, 2020	13.7611
Dec 31, 2019	18.8977
Dec 31, 2018	17.7082
Dec 31, 2017	23.6204
Dec 31, 2016	24.0236
Dec 31, 2015	20.7383
Dec 31, 2014	27.6102
Dec 31, 2013	32.3091
Dec 31, 2012	27.8432
Dec 31, 2011	28.5803
Dec 31, 2010	30.7261
Dec 31, 2009	26.7448
Dec 31, 2008	22.4917
Dec 31, 2007	42.9908
Dec 31, 2006	36.6096
Dec 31, 2005	35.2405
Dec 31, 2004	28.1574
Dec 31, 2003	24.0524
Dec 31, 2002	20.9809
Dec 31, 2001	24.8936
Dec 31, 2000	32.6936
Dec 31, 1999	26.3204
Dec 31, 1998	22.8709
Dec 31, 1997	27.6453
Dec 31, 1996	24.7245