Petroleum & Resources Corporation Announces Issue Price of Shares for Year-End Distribution Payable December 27, 2010
BALTIMORE, Dec. 8, 2010 /PRNewswire-FirstCall/ -- The price at which Petroleum & Resources Corporation (NYSE: PEO) common stock will be issued in payment of the $0.97 year-end distribution, made up of $0.09 income dividend and $0.88 realized capital gains, to stockholders who have elected to receive the distribution in stock, payable December 27, 2010, is $26.18 per share. This price is the mean between today's high and low sales prices of the Corporation's stock on the New York Stock Exchange.
Petroleum & Resources Corporation is a Baltimore-based closed-end investment company.
For further information please contact: |
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Douglas G. Ober, Chairman, Chief Executive Officer and President |
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Lawrence L. Hooper, Jr., Vice President, General Counsel and Secretary |
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(410) 752-5900 or (800) 638-2479 |
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email: [email protected] |
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website: www.peteres.com |
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SOURCE Petroleum & Resources Corporation
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