The Adams Express Company is a diversified equity fund with a conservative investment philosophy. The Fund has been trading on the New York Stock Exchange since 1929 and has paid dividends continuously since 1935.
The portfolio is managed with the expectation that it will generate market returns with lower-than-market risk for shareholders. Investments are made with an eye towards protecting your original investment and generating dividends and capital gains that can be used as a source of income, or reinvested to increase your holdings in the Fund. The Fund's portfolio manager, Douglas Ober, Chairman, and CEO, has been managing the Fund for over 24 years, and brought several years of prior industry experience to the Fund. As of March 13, 2008, David Weaver joined the portfolio management team as Executive Vice President. They are supported by a team of research analysts that looks for investments that offer long-term earnings growth at a reasonable price. The analysts’ recommendations are presented to the portfolio managers and are reviewed by the Board of Directors.
Adams Express is internally managed, which means that additional expenses are not incurred to pay an outside investment adviser. This helps to keep our expenses low. Over time, such low expenses have served to increase investment returns for our shareholders. The Fund also features a low portfolio turnover. As a closed-end fund, the portfolio is managed independently of the supply and demand for its shares. This permits management to make decisions with a long-term investment horizon, working with a stable pool of capital, and allows the Fund to stay fully invested.
You can buy shares of Adams Express the same way you purchase any other stock. You may purchase shares through your broker or through the Investors Choice Stock Purchase & Sale Plan sponsored by our transfer agent, American Stock Transfer & Trust Co. (AST).
For information about the AST Plan, you may telephone them toll free at (877) 260-8188 or visit www.amstock.com. If you would like additional information, please call us at (800) 638-2479 or send e-mail to: contact@adamsexpress.com. You can also find more information by visiting our website, www.adamsexpress.com.