Adams Express Fund Announces $13.79 Issue Price Of Shares For Year-End Distribution Payable December 29, 2014

BALTIMORE, Dec. 9, 2014 /PRNewswire/ -- The Adams Express Company (NYSE: ADX) has determined that $13.79 per share is 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. This price is the mean between the high and low sales prices of the Fund's stock on the New York Stock Exchange on December 8, 2014.

The shares of common stock will be issued in payment of the $1.03 year-end distribution, consisting of $0.08 in net investment income and $0.95 in net realized capital gains. The year-end distribution is payable on December 29, 2014.

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. This year, the Fund is distributing an amount that results in an 8.8% annual distribution rate, exceeding the annual minimum 6% commitment. Please see the information posted at our website, www.adamsexpress.com, for more details concerning the annual minimum 6% distribution rate commitment.

The Fund has paid out capital gains to its shareholders for 50 consecutive years and has paid dividends for 79 consecutive years.

For further information please contact:
	Lawrence L. Hooper, Jr., Vice President, General Counsel and Secretary
	[phone] or [phone]
	email: [e-mail]
	website: www.adamsexpress.com To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/adams-express-fund-announces-1379-issue-price-of-shares-for-year-end-distribution-payable-december-29-2014-300007206.html

SOURCE Adams Express Company

Copyright 2014 PR Newswire