What was Adams Express Company?
Now known as Adams Diversified Equity Fund, it is – as the name suggests – a publicly traded diversified equity fund. Since 1929 it has been one of just five companies that continues to operate as a closed-end fund.
Where have you heard about Adams Express Company?
The name Adams Express Company is synonymous with stock exchange history. It is one of the oldest companies listed on the New York Stock Exchange, and the company is also responsible for Manhattan’s well-known Adams Express Building.
What you need to know about Adams Express Company.
The company uses a conservative investment philosophy. Clients hold the expectation that it will generate reliable returns with lower-than-market risk for long-term investors, and investments are made with the intention of protecting investors’ original investments and generating profit. Studies have shown that it has been a successful policy – the company has reported that it has been able to pay dividends every year since 1935.