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Article: $2 Billion Mark Achieved by The Adams Express Company And Petroleum & Resources Corporation
- Article from:
- PR Newswire
- Article date:
- September 24, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BALTIMORE, Sept. 24 /PRNewswire/ -- On September 22, 1997, the Adams Express Company (ADX) (NYSE: ADX) and its non-controlled affiliate, Petroleum & Resources Corporation (PEO) (NYSE: PEO), reached an all time high of combined assets of $2,001,311,371.48. The two closed-end funds, which have been investment companies since 1929, have passed two billion dollars in assets for the first time.
The Adams Express Company is a diversified equity fund. Petroleum & Resources Corporation focuses on energy and natural ...