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The Adams Express Company Announces $10.455 Issue Price Of Shares For Year-end Distribution Payable December 27, 2012

Stocks in this article: ADX

BALTIMORE, Dec. 10, 2012 /PRNewswire/ -- The Adams Express Company (NYSE: ADX), determined today the issue price for the closed-end fund's year-end distribution for shareholders who have elected to receive the distribution in the form of stock.

The price at which the common stock will be issued in payment of the $0.52 year-end distribution, consisting of $0.05 in net investment income and $0.47 in net realized capital gains, is $10.455 per share. This price is the mean between today's high and low sales prices of the Fund's stock on the New York Stock Exchange. The year-end distribution is payable on December 27, 2012.

The Fund has committed to distribute each year an amount equal to at least 6% of the Fund's trailing 12-month average month-end market price. Please see the information posted at our website, www.adamsexpress.com, for more details concerning the 6% minimum annual distribution rate commitment and how the annual distribution rate is calculated.

The Fund has paid out capital gains to its shareholders for 48 consecutive years and has paid dividends for 77 consecutive years.

For further information please contact:

Lawrence L. Hooper, Jr., Vice President, General Counsel and Secretary(410) 752-5900 or (800) 638-2479email: contact@adamsexpress.comwebsite: www.adamsexpress.com

SOURCE The Adams Express Company

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 This material may not be published, broadcast, rewritten or redistributed.

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