BALTIMORE, MARYLAND – DECEMBER 8, 2010 – The price at which Petroleum & Resources Corporation (NYSE: PEO) common stock will be issued in payment of the $0.97 year-end distribution, made up of $0.09 income dividend and $0.88 realized capital gains, to stockholders who have elected to receive the distribution in stock, payable December 27, 2010, is $26.18 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, Chief Executive Officer and President
Lawrence L. Hooper, Jr., Vice President, General Counsel & Secretary
at (410) 752-5900 or (800) 638-2479
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