The Adams Express Company Announces Issue Price of Shares for Year-End Distribution Payable December 27, 2008

Date: 
12/08/2008

BALTIMORE, MARYLAND - DECEMBER 8, 2008 - 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.

The Adams Express Company is a Baltimore-based closed-end investment company.

* * * * * * * * * * * * * * * * *

For further information, please contact:

Joseph M. Truta, President
Lawrence L. Hooper, Jr., Vice President, General Counsel & Secretary
at (410) 752-5900 or (800) 638-2479

E-mail: contact@adamsexpress.com
Website: www.adamsexpress.com

The Adams Express Company Announces Issue Price of Shares for Year-End Distribution Payable December 27, 2008

Stock and Distribution

Nav & Stock Price Per Share
Net Asset Value: $ 12.51
Closing Price:

$ 10.68

Discount: -14.6%

This is the closing price from the NYSE on 02/03/2012.

annual DISTRIBUTION Rate
2011 6.1%
5-Year Average 5.8%

The annual distribution rate is the total dividends and capital gain distributions during the year divided by the average month-end market price of the Company's Common Stock for the calendar year in years prior to 2011 and for the 12 months ended October 31 in 2011.  As of September 8, 2011, the Board of Directors committed to an annual distribution rate of at least 6%.