United States

Adams Diversified Equity Fund Inc (ADX)

ADX on New York Consolidated

21 Oct 2016
Change (% chg)

$0.03 (+0.23%)
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Latest Key Developments (Source: Significant Developments)

Adams Express Co extends share repurchase program
Thursday, 11 Dec 2014 04:00pm EST 

Adams Express Co:Extend the Fund's share repurchase program and has authorized the Fund to repurchase up to five pct of its outstanding shares of common stock (about 4,667,000 shares).Such repurchases may be made in the open market from time to time, as determined by the portfolio management team, when market conditions and portfolio management considerations warrant and the shares are trading at a discount of at least 10 pct from net asset value (NAV).Fund's repurchase program is implemented on a discretionary basis under the direction of its portfolio management team.There can be no assurance that shares will be repurchased in any given amount going forward and repurchases may be discontinued at any time.  Full Article

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