BALTIMORE, May 5, 2015 /PRNewswire/ -- Adams Diversified
Equity Fund, Inc. (NYSE: ADX) previously named The Adams Express
Company, announced today the voting results from its annual meeting
of stockholders in Charleston, SC,
on April 30. The stockholders voted
in agreement with the recommendations of the Board of Directors on
all of the five proposals at the meeting.
All of the Fund's incumbent Directors were reelected and
stockholders also approved an amendment to the Fund's fundamental
investment policy on investments in commodities or commodities
contracts, approved the Fund's providing investment advisory
services to outside accounts, and ratified the selection of
PricewaterhouseCoopers LLP as the Fund's independent registered
public accounting firm for 2015.
In addition, a stockholder proposal recommending that the Board
of Directors consider causing the Fund to conduct a self-tender
offer for all of its outstanding shares was overwhelmingly
defeated. The Fund voluntarily put the stockholder proposal
to a vote after the stockholder who submitted the proposal failed
to appear at the meeting to present it. Of the votes cast on
the proposal, 74% voted against it and 23% (representing only 13%
of the Fund's outstanding shares) voted for it.
Adams Diversified Equity Fund, Inc. is a Baltimore-based closed-end investment
company. It trades on the New York Stock Exchange under the
ticker symbol ADX.
For further information please contact:
Lawrence L. Hooper,
Jr., Vice President, General Counsel &
Secretary
410-752-5900 or 800-638-2479
E-mail: contact@adamsfunds.com
Website: www.adamsfunds.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.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/adams-diversified-equity-fund-announces-voting-results-from-2015-annual-meeting-stockholder-proposal-for-self-tender-offer-is-defeated-300078081.html
SOURCE Adams Diversified Equity Fund, Inc.