Company Profile
Updated: 17-SEP-09Adams Express Co.
Public Company, Headquarters Location
7 St. Paul St., Ste. 1140, Baltimore, MD 21202-1655, United States
(800)638-2479, (410)752-5900, (410)659-0080 fax, http://www.adamsexpress.com
Primary SIC: Investors, Not Elsewhere Classified, Primary NAICS: Miscellaneous Financial Investment Activities
Description: The Adams Express Company was founded by Alvin Adams and incorporated on July 1, 1854. The company is based in Baltimore, Maryland and listed on the New York Stock Exchange. Adams Express is a diversified equity investment company with a conservative investment philosophy suitable as a core holding for long-term investors. Structured as a closed-end fund since 1929, the company's investment objectives are preservation of capital, the attainment of reasonable income from investments and an opportunity for capital appreciation. Adams Express has paid dividends every year for the last 74 years. The company's portfolio managers, Douglas Ober and Joseph Truta, have been managing the fund together for over 23 years. 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. Keeping expenses low serves to increase investment returns for shareholders. More
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Stephen Gately
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Recent News Articles
- Has added Adams Express Co. to their watch list.
M2 Presswire - January 25, 2008 - Webcast Alert: Adams Express Co. & Petroleum & Resources Corp. Presentation at Informed Investors Closed End Fund On-line Forum to be Webcast on Thursday, December 8, 2005, 9:30 am ET.
Business Wire - November 30, 2005 - Webcast Advisory: Adams Express Co. and Petroleum & Resources Corp. Present at Investor Forum.
Business Wire - December 03, 2004
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