The Adams Express Company Announces Issue Price of Shares for Year-End Distribution Payable December 27, 2008

Date : 12/08/2008 @ 5:42PM
Source : PR Newswire
Stock : Adams Express CO. (ADX)
Quote : 9.83  -0.02 (-0.20%) @ 8:00PM
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The Adams Express Company Announces Issue Price of Shares for Year-End Distribution Payable December 27, 2008

BALTIMORE, Dec. 8 /PRNewswire-FirstCall/ -- The price at which The Adams Express Company (NYSE:ADX) common stock will be issued in payment of the $0.13 income dividend and $0.36 capital gain distribution to stockholders who have elected to receive the distributions in stock, payable December 27, 2008, is $8.01 per share. This price is the mean between today's high and low sales prices of the Company's stock on the New York Stock Exchange.

The Adams Express Company is a Baltimore-based closed-end investment company.

For further information please contact:

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

email: website: http://www.adamsexpress.com/

DATASOURCE: The Adams Express Company

CONTACT: Joseph M. Truta, President, or Lawrence L. Hooper, Jr., Vice

President, General Counsel & Secretary, +1-410-752-5900 or +1-800-638-2479,

both of The Adams Express Company

Web site: http://www.adamsexpress.com/

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