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The Adams Express Company Announces Issue Price of Shares for Year-End Distribution Payable December 28, 2009
BALTIMORE, Dec. 9 /PRNewswire-FirstCall/ -- The price at which The Adams Express Company (NYSE: ADX) common stock will be issued in payment of the $0.30 year-end distribution, made up of $0.02 income dividend and $0.28 realized capital gains, to stockholders who have elected to receive the distribution in stock, payable December 28, 2009, is $9.84 per share. This price is the mean between today's high and low sales prices of the Company's stock on the New York Stock Exchange.
The Adams Express Company is a Baltimore-based closed-end investment company.
For further information please contact:
Douglas G. Ober, Chairman, Chief Executive Officer and President
Lawrence L. Hooper, Jr., Vice President, General Counsel & Secretary
(410) 752-5900 or (800) 638-2479
email: contact@adamsexpress.com
website: www.adamsexpress.com
SOURCE Adams Express Company
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