BALTIMORE, Md., Sept. 30, 2014 /PRNewswire/ -- Michael E. Rega, CFA, joined Adams Express
(NYSE:ADX) and Petroleum & Resources (NYSE:PEO) as Vice
President – Research for the Funds on September 2, 2014.
Mr. Rega brings a diverse background and work experience to
Adams Express and Petroleum & Resources. He comes to the Funds
from the global investment management firm BNP Paribas Investment
Partners, in Boston, where he most
recently served as senior equity analyst and portfolio manager and
worked with Mark Stoeckle, the
Funds' Chief Executive Officer, and Jim Haynie, President of
Adams Express and Executive Vice President of Petroleum &
Resources. Mr. Rega has held portfolio management positions with a
number of asset management firms in Boston over the past 21 years. Earlier in his
career, among other positions, he was a computer systems manager
with Loral Aerospace at its MIT Lincoln Laboratory and a Special
Agent with the Federal Bureau of Investigation. "We are extremely
pleased to welcome Mike Rega as a
Vice President – Research of the Funds. I have worked with
Mike for many years and he brings a wide array of analytical
talents to the Funds. He is very familiar with our investment
philosophy, which includes a focus on risk management, and I know
he will be an excellent addition to our research analyst team,"
said Mr. Stoeckle.
Mr. Rega received his undergraduate degree from Holy Cross College in Worcester, MA. He also received an
M.B.A. from Boston College, with a dual
concentration in Finance and Computer Science. He is a Chartered
Financial Analyst.
The Adams Express Company and Petroleum & Resources
Corporation are Baltimore-based
closed-end investment companies. Adams Express is traded on
the New York Stock Exchange under the ticker symbol ADX and
Petroleum & Resources is traded on the New York Stock Exchange
under the ticker symbol PEO.
For further information, please contact
Lawrence L. Hooper,
Jr., Vice President, General Counsel & Secretary
410-752-5900 or 800-638-2479
E. Mail: contact@adamsexpress.com
Websites: www.adamsexpress.com
www.peteres.com
SOURCE Adams Express Company; Petroleum & Resources
Corporation