The Adams Express Company Announces Issue Price of Shares for Year-End Distribution Payable December 27, 2008

Dec 08, 2008, 17:42 ET from The Adams Express Company

BALTIMORE, Dec. 8 /PRNewswire-FirstCall/ -- The price at which The Adams Express Company (NYSE: ADX) common stock will be issued in payment of the $0.13 income dividend and $0.36 capital gain distribution to stockholders who have elected to receive the distributions in stock, payable December 27, 2008, is $8.01 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:

    Joseph M. Truta, President
    Lawrence L. Hooper, Jr., Vice President, General Counsel & Secretary
    (410) 752-5900 or (800) 638-2479


SOURCE The Adams Express Company