Overview
The Adams Express Company is a diversified equity investment company
with a conservative investment philosophy that we believe is suitable
as a core holding for long-term investors.
The investment objectives of Adams Express are preservation of capital,
the attainment of reasonable income from investments and an opportunity
for capital appreciation. The Company has paid dividends every year
for the last 70 years.
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 Company’s portfolio managers, Douglas Ober, Chairman, and
Joseph Truta, President, have been managing the fund together for over
19 years, and both brought several years of prior industry experience
to the fund. 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 Company 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. Adams Express is listed
on the New York Stock Exchange and the Pacific Exchange.
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.
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.
