Adams Express Is Committed to Staying a Closed-end Fund

Date: 
12/23/2009

Recent articles in the online press have implied that the Board of Directors of Adams Express is actively considering converting the Fund to an ETF. This is not correct - - no such plan is on the drawing boards. As Doug Ober, Chairman and CEO, has pointed out to the publications, while we are keeping tabs on what is going on in the fund industry for new and innovative ideas, as any prudent investment manager would do, we remain committed to our closed-end fund structure. We strongly believe that it has been a key contributor to our long-term investment strategy, long history of distributing dividends and capital gains, and low expenses.

Adams Express Is Committed to Staying a Closed-end Fund

Stock and Distribution

Nav & Stock Price Per Share
Net Asset Value: $ 11.46
Closing Price:

$  9.65

Discount: -15.8%

This is the closing price from the NYSE on 07/30/2010.

annual Rate of Distribution
2009 5.2%
5-Year Average 6.3%

*The annual rate of distribution is the total dividends and capital gain distributions during the year divided by the average daily market price of the Company's Common Stock.