BALTIMORE, Dec. 10 /PRNewswire-FirstCall/ -- The price at which Petroleum & Resources Corporation common stock will be issued in payment of the $0.20 income dividend and $3.72 capital gain distribution to stockholders who have elected to receive the distributions in stock, payable December 27, 2007, is $37.825 per share. This price is the mean between today's high and low sales prices of the Corporation's stock on the New York Stock Exchange.
Petroleum & Resources Corporation is a Baltimore-based closed-end investment company. It is traded on the New York Stock Exchange.
For further information please contact:
Douglas G. Ober, President and Chief Executive Officer
Lawrence L. Hooper, Jr., Vice President, General Counsel & Secretary
(410) 752-5900 or (800) 638-2479
email:
