The year-end capital gain distribution and income dividend, payable December 27, 2008, to stockholders of record as of November 21, 2008, is $0.49 per share and consists of the following:

1) a capital gain distribution of $0.36 per share, representing the undistributed net capital gain realized during 2008, all of which was long-term; and

2) an income dividend of $0.13 per share, representing the undistributed net investment income for 2008.

Both payments are payable in stock or cash at the option of each stockholder. The payable date for the distribution is December 27, 2008, the record date is November 21, 2008, and the ex-dividend date is November 19, 2008.

Total distributions by the Company for 2008 will be $0.64, including distributions of $0.15 per share made previously in 2008, which consisted of $0.13 from investment income, $0.01 from short-term capital gain, and $0.01 from long-term capital gain. For comparison, in 2007, the Company paid total distributions of $1.03, consisting of $0.32 in dividends and $0.71 in capital gains.

The price at which The Adams Express Company (NYSE:ADX) common stock will be issued in payment of the $0.13 income dividend and $0.36 capital gain distribution to stockholders who have elected to receive the distributions in stock, payable December 27, 2008, is $8.01 per share. This price is the mean between today's high and low sales prices of the Company's stock on the New York Stock Exchange.

Download the Important Notice for further details on the year-end distribution and your options for receiving the distribution.

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