| Business Summary | | Adams
Express
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.
Net
assets
of
the
Company
at
June
30,
2000
were
$42.64
per
share
on
52.8
million
shares
outstanding,
compared
with
$40.28
per
share
at
December
31,
1999,
on
53.9
million
shares
outstanding. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ADX
is
registered
as
a
diversified
investment
company.
ADX
is
a
closed-end
equity
fund
whose
investment
objectives
are
preservation
of
capital,
reasonable
income,
and
an
opportunity
for
capital
appreciation.
For
the
six
months
ended
6/30/01,
dividend
and
interest
income
totaled
$11.8
million.
Net
investment
income
totaled
$9.7
million.
Net
loss
in
assets
resulting
from
operations
totaled
$309.9
million.
Net
asset
value
per
share
fell
from
$23.72
on
12/00
to
$19.79
on
6/01. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Douglas Ober, 53 | Chairman
and CEO | Joseph Truta, 55 | Pres
and Exec. VP - Petroleum | Richard Koloski, 55 | Exec.
VP and Pres - Petroleum | Maureen Jones, 52 | VP,
Treasurer | Lawrence Hooper, Jr., 47 | VP,
Sec., Gen. Counsel |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|