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Security Profile
- Security Type
- Closed-End Fund
- CUSIP
- 006212104
- Market Cap
- Large Cap · $1 Billion
- IPO
- 5/28/1976
- Previous Name
- Adams Express Co. (The)
Fund Description: The Adams Express Co. is diversified closed-end investment company. The Company is an internally-managed equity fund whose investment policy is essentially based on the primary objectives of preservation of capital, the attainment of reasonable income from investments and, in addition, an opportunity for capital appreciation. Adams Diversified Equity Fund is one of the nation’s oldest and most respected closed-end funds. It is one of only five closed-end funds that continues to operate since 1929. The Fund has made distributions every year for over 79 years and stockholders can count on receiving a 6% annual distribution, or more, for the foreseeable future in both up and down markets. 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.
Company Contact
- CEO
- Mark E. Stoeckle
- CFO
- Brian S. Hook
- Headquarters
- 500 East Pratt Street, Suite 1300, Baltimore, MD 21202
- Phone
- 410-752-5900 · Toll-Free 800-638-2479
- Fax
- 410-659-0080
- Investor Relations
- Lawrence L. Hooper, Jr. · 410-752-5900 · contact@adamsexpress.com