| Abstrakt: |
BALTIMORE, June 15, 2012 /PRNewswire/ -- Douglas G. Ober, the Chairman of the Board, Chief Executive Officer, and long-time lead portfolio manager for The Adams Express Company (NYSE: ADX), has informed the Board of Directors that he plans to retire within the next eighteen months. Mr. Ober, 66, joined the Company as a research analyst in 1980 and has been the lead portfolio manager since April 1, 1991. During his 21-year tenure as the lead portfolio manager, the Company has provided to its stockholders, on an annual basis, a total return based on net asset value, with dividends and capital gains reinvested, of 7.89% and an annualized total return of 7.81% based on market value, through March 31, 2012. [ABSTRACT FROM PUBLISHER] |
