BALTIMORE, Dec. 9 /PRNewswire-FirstCall/ -- The price at which Petroleum & Resources Corporation common stock will be issued in payment of the $0.06 income dividend and $0.98 capital gain distribution to stockholders who have elected to receive the distributions in stock, payable December 28, 2009, is $22.54 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.
For further information please contact: Douglas G. Ober, Chief Executive Officer and President Lawrence L. Hooper, Jr., Vice President, General Counsel & Secretary (410) 752-5900 or (800) 638-2479 email: contact@peteres.com website: http://www.peteres.com/
Petroleum & Resources Corporation
CONTACT: Douglas G. Ober, Chief Executive Officer and President, or
Lawrence L. Hooper, Jr., Vice President, General Counsel & Secretary,
+1-410-752-5900, 800-638-2479, contact@peteres.com
Web Site: http://www.peteres.com/
