David D. Weaver Joins The Adams Express Company

Date: 
06/22/2004

BALTIMORE, MARYLAND -- JUNE 22, 2004 - David D. Weaver, CFA, recently joined The Adams Express Company as an equity securities research analyst. Prior to joining the Company, Mr. Weaver was an analyst with Legg Mason Wood Walker, Inc. in Baltimore. Mr. Weaver received his undergraduate degree from Western Maryland College (now McDaniel College) and a M.S. degree in Business/Finance from The Johns Hopkins University. He is a Chartered Financial Analyst and a member of the Baltimore Security Analysts Society.

The Adams Express Company is a Baltimore-based closed-end investment company. It is traded on the New York Stock Exchange and Pacific Exchange, and its symbol is ADX.

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For further information, please contact:

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

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

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David D. Weaver Joins The Adams Express Company

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%.