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Article: Adams Express Board Declares Capital Gain Distribution and Investment Income Dividend
- Article from:
- PR Newswire
- Article date:
- November 13, 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, Nov. 13 /PRNewswire/ -- The Board of Directors of The Adams Express Company (NYSE: ADX) today declared the following year-end income dividend and capital gain distribution, payable December 27, 1997 to stockholders of record November 24, 1997:
-- $0.17 per share, representing the undistributed net investment income for the year 1997; and
-- $1.43 per share, representing the undistributed net capital gain realized during the year 1997, of which $1.26 was long-term and $0.17 was short-term.
Both payments are payable in stock or cash at the option of each stockholder.
Previous 1997 distributions made prior to today's ...