BALTIMORE, March 20, 2015 /PRNewswire/ -- The Adams Express
Company (NYSE: ADX) and Petroleum & Resources Corporation
(NYSE: PEO) today announced that the Funds have assumed new names
and become part of a newly-branded Adams Funds platform. As part of
the new branding, effective March 31,
2015, The Adams Express Company will be named Adams
Diversified Equity Fund. Similarly, Petroleum & Resources
Corporation will be named Adams Natural Resources Fund. The Funds'
ticker symbols will not change.
The two closed-end funds will continue to share a Board of
Directors and be managed by an experienced team of portfolio
managers and analysts, employing a disciplined approach to
identifying investment opportunities and carefully managing risk.
Since 1929, the Funds have consistently helped generations of
investors reach their investment goals, having paid dividends for
more than 80 years across many market cycles. Both Funds have lower
than average expense ratios and are committed to paying an annual
distribution rate of 6% or more, providing reliable income to
long-term investors.
"These Funds are two of the nation's oldest and most respected
closed-end funds. We are very excited to rebrand the Funds with
names that both highlight that proud history and more accurately
reflect what we offer to investors today," said Mark Stoeckle, Chief Executive Officer. "By
bringing the Funds together under the Adams Funds brand platform,
we are also more formally acknowledging the shared value
proposition they offer to shareholders through their longstanding
history, close relationship, consistently strong track records, and
unwavering commitment to helping generations of investors reach
their investment goals."
Adams Funds will be launching a new website reflecting the new
brand. In the interim, for further information please visit:
www.adamsfunds.com.
About Adams Funds
Since 1929, Adams Funds have consistently helped generations of
investors reach their investment goals. Adams Funds is comprised of
two closed-end funds, Adams Diversified Equity Fund (NYSE: ADX),
formerly named The Adams Express Company, and Adams Natural
Resources Fund (NYSE: PEO), formerly named Petroleum &
Resources Corporation. The Funds are actively managed by an
experienced team with a disciplined approach that has paid
dividends for more than 80 years across many market cycles. The
Funds are committed to paying an annual distribution rate of 6% or
more, providing reliable income to long-term investors. Shares can
be purchased through our transfer agent or through a broker. For
more information, please visit: www.adamsfunds.com.
Contacts:
For media relations:
Jen
Dowd
BackBay Communications
617.556.9982, x 225
Jen.Dowd@backbaycommunications.com
For investor relations:
Nancy
Floyd Prue
Adams Funds
410.752.5900
Prue@adamsfunds.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/the-adams-express-company-and-petroleum--resources-corporation-announce-name-changes-and-new-branding-300053264.html
SOURCE Adams Express Company; Petroleum & Resources
Corporation