Adams Express Announces Year-to-Date Net Realized Capital Gains at Annual Meeting in Chicago

Date: 
03/26/2003

BALTIMORE, MARYLAND -- MARCH 26, 2003 - At its Annual Meeting in Chicago on March 25, The Adams Express Company announced that the net realized capital gains for the Company as of March 21, 2003 were $0.07 per share.

The Adams Express Company is a Baltimore-based closed-end investment company. It is traded on the New York Stock Exchange and Pacific Exchange, and its symbol is ADX.

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For further information, please contact:

Joseph M. Truta, President
Lawrence L. Hooper, Jr., Vice President, Secretary & General Counsel
(410) 752-5900 or (800) 638-2479

E-mail: contact@adamsexpress.com
Website: www.adamsexpress.com

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Adams Express Announces Year-to-Date Net Realized Capital Gains at Annual Meeting in Chicago

Stock and Distribution

Nav & Stock Price Per Share
Net Asset Value: $ 11.95
Closing Price:

$ 10.27

Discount: -14.1%

This is the closing price from the NYSE on 05/22/2012.

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%.