Petroleum & Resources Corporation Announces Issue Price of Shares for
Year-End Distribution Payable December 27, 2006
Petroleum & Resources Corporation
Baltimore, MD, December 11, 2006 -- The price at which Petroleum & Resources Corporation (NYSE: PEO) common stock will be issued in payment of the $0.18 income dividend and $3.23 capital gain distribution to stockholders who have elected to receive the distributions in stock, payable December 27, 2006, is $33.73 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. It is traded on the New York Stock Exchange.
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