BALTIMORE, MARYLAND – DECEMBER 9, 2009 – The price at which Petroleum & Resources Corporation (NYSE: PEO) common stock will be issued in payment of the $1.04 year-end distribution, made up of $0.06 income dividend and $0.98 realized capital gains, to stockholders who have elected to receive the distribution 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.
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For further information, please contact:
Douglas G. Ober, Chairman, President & Chief Executive Officer
Lawrence L. Hooper, Jr., Vice President, General Counsel & Secretary
at (410) 752-5900 or (800) 638-2479
E-mail: contact@peteres.com
Website: www.peteres.com
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