The Adams Express Company and Petroleum & Resources Corporation to Present Live at RetailInvestorConferences.com on November 4th

11/04/2010
Location: 
Baltimore, MD

Better Investing, PRNewswire and MUNCmedia invite individual and institutional investors and analysts to attend new interactive virtual conference

Baltimore, MD, November 2, 2010  - The Adams Express Company (NYSE:ADX)  and Petroleum & Resources Corporation (NYSE:PEO), two closed-end funds, today announced that Douglas G. Ober, Chairman and Chief Executive Officer of both funds will present at RetailInvestorConfrences.com.

DATE:    November 4, 2010
TIME:     1 PM EST
LINK:      www.retailinvestorconferences.com 

The presentation will be a live, interactive online event where Mr. Ober will present an overview of Closed-End Funds and YTD results for ADX and PEO.  Mr. Ober will also discuss his outlook for the stock market and the energy sector over the next 6-12 months. Investors are invited to ask the portfolio manager questions in real-time during the presentation as well as in the companies’  “virtual trade booth.” If attendees are not able to join the event live an archive will be available for 90 days.

It is recommended that investors pre-register to save time and receive event updates at: 

www.retailinvestorconferences.com 

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About The Adams Express Company
The Adams Express Company (NYSE:ADX) is a publicly-traded diversified equity fund. The Company uses a conservative investment philosophy and the portfolio is managed with the expectation that it will generate solid returns with lower-than- market risk for long-term investors. Investments are made with a focus on protecting your original investment and generating dividends and capital gains that can be used as a source of income or reinvested to increase your holdings in the Company. One of the oldest companies listed on the New York Stock Exchange, Adams Express has been structured as a closed-end fund since 1929. The Company has paid dividends continuously since 1935.

About Petroleum & Resources Corporation
Petroleum & Resources Corporation (NYSE:PEO) is a publicly-traded equity investment fund for investors who seek a broadly diversified exposure to the energy and natural resources sectors in a conservatively-managed fund. Investments are made with a focus on protecting your original investment and generating dividends and capital gains that can be used as a source of income or reinvested to increase your holdings in the Corporation. Trading on the New York Stock Exchange since January 1929, the Corporation has paid dividends continuously since 1934.

About RetailInvestorConferences.com
RetailInvestorConferences.com, created by BetterInvesting (NAIC), PRNewswire and MUNCmedia, is the first monthly virtual investor conference series that provides an interactive forum for presenting companies to meet directly with retail investors using a graphically-enhanced online platform. Designed to replicate the look and feel of location-based investor conferences, Retail Investor Conferences unites PR Newswire’s leading-edge online conferencing and investor communications capabilities with BetterInvesting’s extensive retail investor audience network and MUNCmedia’s sophisticated retail investor targeting.

Presenting Company Contact
Geraldine H. Paré, Assistant Secretary
pare@adamsexpress.com
contact@adamsexpress.com 

RetailInvestorConferences.com
Bradley H. Smith+1.917.680.6011
Bradley.smith@muncmedia.com  

The Adams Express Company and Petroleum & Resources Corporation to Present Live at RetailInvestorConferences.com on November 4th

Stock and Distribution

Nav & Stock Price Per Share
Net Asset Value: $ 11.86
Closing Price:

$ 10.28

Discount: -13.3%

This is the closing price from the NYSE on 05/17/2012.

annual DISTRIBUTION Rate
2011 6.1%
5-Year Average 5.8%

The annual distribution rate is the total dividends and capital gain distributions during the year divided by the average month-end market price of the Company's Common Stock for the calendar year in years prior to 2011 and for the 12 months ended October 31 in 2011.  As of September 8, 2011, the Board of Directors committed to an annual distribution rate of at least 6%.