BALTIMORE, Feb. 6 /PRNewswire-FirstCall/ -- The Adams Express Company (NYSE:ADX) provides this update on portfolio holdings as of December 31, 2007. The Company will mail its 2007 Annual Report on or about February 19, 2008.
TOP TEN HOLDINGS The ten largest portfolio holdings were: Company % of Net Assets
Petroleum & Resources Corp.* 6.1
General Electric 3.7
Microsoft 3.1
Schlumberger 2.7
PepsiCo 2.2
Bank of America 2.2
American International Group 2.1
State Street 1.9
ConocoPhillips 1.9
Pfizer 1.9
27.8% * Non-controlled affiliate
SECTOR WEIGHTINGS The portfolio weightings for the major sectors that the Fund invests in were: Consumer 17.4%
Industrials 14.9%
Energy 14.2%
Financial 14.1%
Information Technology 11.4%
Health Care 10.7%
Short-Term Investments 6.6%
Materials 5.2%
Utilities 3.8%
Telecom Services 1.5%
The Adams Express Company is a Baltimore-based closed-end investment company. It is traded on the New York Stock Exchange under the symbol ADX.
For further information please contact:
Joseph M. Truta, President
Lawrence L. Hooper, Jr., Vice President, General Counsel and Secretary
410-752-5900 or 800-638-2479 E-mail:
Website: http://www.adamsexpress.com/ For your convenience, all press releases are posted to our website. If you would like to receive future press releases by fax or e-mail, please let us know. DATASOURCE: The Adams Express Company CONTACT: Joseph M. Truta, President, or Lawrence L. Hooper, Jr., Vice President, General Counsel and Secretary, both of The Adams Express Company, +1-410-752-5900 or 1-800-638-2479, Web site: http://www.adamsexpress.com/
|