The Adams Express Company Announces Issue Price of Shares for Year-End Distribution Payable December 27, 2010

Dec 08, 2010, 17:54 ET from Adams Express Company

BALTIMORE, Dec. 8, 2010 /PRNewswire-FirstCall/ -- The price at which The Adams Express Company (NYSE: ADX) common stock will be issued in payment of the $0.36 year-end distribution, made up of $0.02 income dividend and $0.34 realized capital gains, to stockholders who have elected to receive the distribution in stock, payable December 27, 2010, is $10.445 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 and Chief Executive Officer

Lawrence L. Hooper, Jr., Vice President, General Counsel and Secretary

(410) 752-5900 or (800) 638-2479



SOURCE Adams Express Company