|
1996 AT A GLANCE
| The Company |
- a closed-end equity investment company emphasizing
natural resources stocks
- objectives:
-preservation of capital
- reasonable income
-opportunity for capital gain
- internally-managed
- low expense ratio
- low turnover
|
|
| Stock
Data |
| NYSE Symbol: |
PEO |
| Market Price as of 12/31/96: |
$34 3/4 |
| Discount: |
6.3% |
| 52-Week Range: |
$36 3/8 - $28 1/8 |
| Shares Outstanding: |
13,065,819 |
|
| Summary Financial
Information |
| |
|
Year Ended
December 31 |
| |
|
1996 |
 |
1995 |
|
| Net asset value per share |
$ |
37.09 |
$ |
31.51 |
| Total net assets |
|
484,588,990 |
|
401,404,971 |
| Unrealized appreciation |
|
191,783,672 |
|
119,875,293 |
| Net investment income |
|
10,048,674 |
|
10,592,549 |
| Total realized gain |
|
17,410,824 |
|
15,059,861 |
| Total return (based on market value) |
|
31.2% |
|
20.5% |
| Total return (based on net asset value) |
|
25.5% |
|
25.9% |
| Expense ratio |
|
0.63% |
|
0.57% |
| 1996 Dividends and
Distributions |
| |
Amount
(per share) |
|
Type |
|
| March 1, 1996 |
|
$0.03 |
|
Long-term capital gain |
| March 1, 1996 |
|
0.01 |
|
Short-term capital gain |
| March 1, 1996 |
|
0.16 |
|
Investment income |
| June 1, 1996 |
|
0.20 |
|
Investment income |
| September 1, 1996 |
|
0.20 |
|
Investment income |
| December 27, 1996 |
|
1.09 |
|
Long-term capital gain |
| December 27, 1996 |
|
0.19 |
|
Short-term capital gain |
| December 27, 1996 |
|
0.26 |
|
Investment income |
|
| |
|
$2.14 |
|
|
| 1997 Annual Meeting of Stockholders |
Location: Hotel Nikko, San Francisco, California
Date: March 25, 1997
Holders of Record: February 11, 1997 |
|
