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Energy Fund Petroleum & Resources Commits To Annual 6% Minimum Payout

Stocks in this article: PEO

The Board of Directors will continue to monitor the Corporation's distribution commitment, taking into consideration the Corporation's net asset value and the market environment. The Corporation's distribution commitment is subject to modification by the Board of Directors at any time. The distribution rate should not be considered the dividend yield or total return on an investment in the Corporation.

For more information about the distribution, including frequently asked questions, go to www.peteres.com/quick-FAQs-minimum-distribution

About Petroleum & Resources Petroleum & Resources Corporation is a publicly-traded equity investment fund for investors who seek broadly diversified exposure to the energy and natural resources sectors in a conservatively-managed fund.  Internally managed, the Fund seeks to protect capital and generate dividends and capital gains that can be used as a source of income or reinvestment.

The Corporation has been trading on the New York Stock Exchange since January 1929. 

The portfolio: Petroleum & Resources invests in a diversified group of investments, including multi-national companies, as well as exploration, equipment, and service suppliers – all associated with petroleum and natural gas. In addition, the Fund invests in a variety of basic materials, including coal, precious and industrial metals, aggregates, and chemicals, as these also have attractive investment characteristics.  Top holdings (as of 6/30/12) include Exxon Mobil Corp.; Chevron Corp.; Schlumberger Ltd.; Occidental Petroleum Corp.; Anadarko Petroleum Corp.; Dow Chemical Co.; Freeport-McMoRan Copper & Gold Inc.; Praxair Inc., CF Industries Holdings, Inc.; and Noble Energy, Inc.

For further information, contact: Lawrence L. Hooper, Jr., Vice President, General Counsel & Secretaryat (410) 752-5900 or (800) 638-2479 e-mail: contact@peteres.com 

Geraldine LederLederMark Communications(443) 841-6650 e-mail: leder@ledermark.com 

SOURCE Petroleum & Resources Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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