|
1998 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 12/31/98: |
$30
5/8 |
| Discount: |
10.7% |
| 52-Week Range: |
$40
1/8-$27 3/4 |
| Shares Outstanding: |
13,841,375 |
|
| Summary Financial
Information |
|
|
Year Ended
December 31 |
|
|
1998 |
 |
1997 |
|
| Net asset value per share |
$ |
34.30 |
$ |
41.46 |
| Total net assets |
|
474,821,118 |
|
556,452,549 |
| Unrealized appreciation |
|
155,040,245 |
|
250,201,593 |
| Net investment income |
|
11,060,345 |
|
10,026,876 |
| Total realized gain |
|
20,532,408 |
|
20,397,716 |
| Total return (based on market value) |
|
(10.0)% |
|
11.7% |
| Total return (based on net asset value) |
|
(11.1)% |
|
18.9% |
| Expense ratio |
|
0.31% |
|
0.47% |
| 1998 Dividends and
Distributions |
| Paid |
Amount
(per share)
|
|
Type |
|
| March 1, 1998 |
|
$0.08 |
|
Long-term capital gain |
| March 1, 1998 |
|
0.12 |
|
Investment income |
| June 1, 1998 |
|
0.20 |
|
Investment income |
| September 1, 1998 |
|
0.20 |
|
Investment income |
| December 28, 1998 |
|
1.39 |
|
Long-term capital gain |
| December 28, 1998 |
|
0.04 |
|
Short-term capital gain |
| December 28, 1998 |
|
0.26 |
|
Investment income |
|
|
|
$2.29 |
|
|
| 1999 Annual Meeting of Stockholders |
Location: The Pierre, New York, New York
Date: March 30, 1999
Time: 11:00 a.m.
Holders of Record: February 12, 1999 |
|
