The Adams Express Company and Petroleum & Resources Corp. Elects Brian S. Hook as Vice President, Effective March 19, 2013
March 20, 2013 at 04:26 pm EDT
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The Boards of Directors of The Adams Express Company and Petroleum & Resources Corporation elected Brian S. Hook as Vice President, effective March 19, 2013. Mr. Hook also serves as the Chief Financial Officer and Treasurer of the Companies. Prior to joining the CompanFies in 2008, Mr. Hook was a Vice President at T. Rowe Price Associates and a Senior Manager in its Investment Treasury Group.
Adams Natural Resources Fund, Inc. (the Fund) is a non-diversified investment company. The Fund is an internally managed closed-end fund specializing in energy and other natural resources stocks. The Fund's investment objectives are preservation of capital, the attainment of reasonable income from investments, and an opportunity for capital appreciation. The Fund invests at least 80% of its assets in petroleum or natural resources industries or industries connected with, serving and/or supplying the petroleum or natural resources industries. The Fund has broad flexibility to invest in stocks of varying capitalizations, and primarily invests in stocks found in the S&P 500 Energy and S&P 500 Materials sectors. The Fund invests at least 25% of its assets in petroleum and petroleum-related industries. The Fund may invest up to 25% of its assets in commodities related to petroleum, minerals and related products, including swaps. The Fund may invest up to 10% of its assets in real property.