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Petroleum & Resources Declares Dividend

BALTIMORE, Jan. 10, 2013 /PRNewswire/ -- The Board of Directors of Petroleum & Resources Corporation (NYSE: PEO) declared a dividend of $0.10 per share, payable March 1, 2013, to shareholders of record February 15, 2013, consisting of $0.02 of net investment income, $0.03 short-term capital gain, and $0.04 long-term capital gain, all realized in 2012, and $0.01 net investment income realized in 2013.

About Petroleum & Resources
Based in Baltimore, Petroleum & Resources Corporation is a publicly-traded equity investment fund for investors who seek a broadly diversified exposure to the energy and natural resources sectors. Internally-managed, the Fund has been trading on the New York Stock Exchange since 1929 and has paid dividends continuously since 1934.

For further information please contact:
Lawrence L. Hooper, Jr. , Vice President, General Counsel and Secretary
410-752-5900 or 800-638-2479

E-mail: contact@peteres.com
Website: www.peteres.com

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SOURCE Petroleum & Resources Corporation