Adams Express Fund Announces Management Changes

BALTIMORE, Jan. 21, 2015 /PRNewswire/ -- The Board of Directors of The Adams Express Company elected Mark E. Stoeckle, Chief Executive Officer, to the additional position of President, succeeding James P. Haynie, who was elected President of Petroleum & Resources Corporation, Adams Express's non-controlled affiliate. Mr. Haynie will continue to serve Adams Express as an Executive Vice President and member of the Fund's portfolio management team.  In addition, D. Cotton Swindell has been elected an Executive Vice President of the Fund. He will join Mr. Stoeckle and Mr. Haynie on the portfolio management team. Nancy J. F. Prue, Executive Vice President, will be leaving the portfolio management team to assume the new role of Executive Vice President, Director of Shareholder Communications.

Mr. Swindell was Vice President-Research prior to becoming Executive Vice President and will continue to follow the industrials sector in his new position.  He joined Adams Express in 2002 as a research analyst covering the industrials sector.  He was promoted to Vice President-Research in 2004, covering the financials and industrials sectors.  Prior to joining Adams Express, he was a securities analyst with Wachovia Securities and with Alex. Brown & Sons. "Cotton has proven his ability as a talented analyst and exhibited the insight that Jim Haynie and I believe will make him a valuable member of the portfolio management team," said Mr. Stoeckle.

Ms. Prue will become Executive Vice President, Director of Shareholder Communications for both Adams Express and Petroleum & Resources.  In this newly-formed role, she will report directly to Mr. Stoeckle.  "Nancy provided invaluable service to the Fund as a member of the portfolio management team. I am very pleased that she has agreed to take over this very important, new position with the Funds.  She will be responsible for the content and delivery of information about the Funds to our shareholders and the investment community, which we believe is essential.  Her extensive familiarity with the securities markets and the Funds will provide an added dimension to our shareholder communications," said Mr. Stoeckle.

The Adams Express Company is a Baltimore-based closed-end fund that has been operating as an investment company since 1929. Its stock trades on the New York Stock Exchange under the symbol ADX.

For further information please contact:

Lawrence L. Hooper, Jr., Vice President, General Counsel and Secretary
410-752-5900 or 800-638-2479
E-mail: [e-mail] 
Website: www.adamsexpress.com

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SOURCE Adams Express Company

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