Performance

Investment Returns

Return on Net Asset Value at January 31, 2012

Return on Market Price at January 31, 2012

Actual after-tax returns depend on your tax situation and may differ from those shown above. The calculation assumes the shareholder was in the highest federal marginal income tax bracket at the time of each distribution of income or capital gains. They do not reflect the impact of state and local taxes. After-tax returns reflect the reduced tax rates on qualified dividend income. Past performance - whether before or after taxes - does not indicate how the Company will perform in the future.

Dividends & Capital Gains

Annual Distribution Rate

* The dividend yield is the total income dividends 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.
** The annual distribution rate is the total income 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%.

Year-End Distribution

The year-end capital gain distribution and income dividend, payable December 27, 2011, to stockholders of record as of November 17, 2011, is $0.50 per share and consists of the following:

1. a capital gains distribution of $0.48 per share from net capital gains realized during 2011, comprised of $0.06 short-term and $0.42 long-term capital gain; and
2. an income dividend of $0.02 per share from 2011 net investment income.

The payable date for the distribution is December 27, 2011, the record date is November 21, 2011, and the ex-dividend date is November 17, 2011. Both payments are payable in stock or cash at the option of each stockholder.

This marks the 47th consecutive year in which the Company has paid out capital gains to its stockholders and the 76th consecutive year of paying dividends to its stockholders.

With this distribution, total distributions by the Company for 2011 will be $0.65, including distributions of $0.15 per share made prior to today’s announcement, which consisted of $0.13 from net investment income, $0.01 from short-term capital gain, and $0.01 from long-term capital gain.  The annual distribution rate represented by these distributions is 6.1%. The annual distribution rate is the total income dividends and capital gain distributions during the year divided by the average month-end market price of the Company's Common Stock on the NYSE for the twelve months ended October 31.

The price at which The Adams Express Company (NYSE:ADX) common stock will be issued in payment of the $0.50 year-end distribution, made up of $0.02 income dividend and $0.48 realized capital gains, to stockholders who have elected to receive the distribution in stock, payable December 27, 2011, is $9.745 per share.

Download the Important Notice for further details on the year-end distribution and your options for receiving the distribution.