The Adams Express Company Announces Issue Price of Shares for Year-End Distribution Payable December 27, 2010
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: |
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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 email: [email protected] website: www.adamsexpress.com |
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SOURCE Adams Express Company
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