ADAMN

Adamas Trust, Inc. operates as a closed-end management investment company focused on equity securities. Established in 1933, the trust is one of the oldest continuously operating investment companies in the United States. Adamas Trust maintains a concentrated portfolio strategy, typically investing in a limited number of domestic equity securities with an emphasis on long-term capital appreciation rather than income generation. The trust operates under the Investment Company Act of 1940 and is internally managed, distinguishing it from many investment trusts that employ external advisors. With total assets under management of approximately $45 million as of recent filings, Adamas Trust represents a small-cap investment vehicle that trades on the over-the-counter market. The trust's investment approach emphasizes fundamental analysis and selective position-building in companies the management believes offer significant appreciation potential. Adamas Trust does not have traditional employees beyond its board of trustees and officers, maintaining a lean operational structure that keeps overhead costs minimal. The trust's shares have historically traded at varying premiums or discounts to net asset value, a common characteristic of closed-end funds. Recent portfolio adjustments reflect the trust's ongoing strategy of concentrating holdings in a select group of securities while maintaining flexibility to adjust positions based on market conditions and individual company performance.