), has informed the Board of Directors that he plans to retire within the next eighteen months. Mr. Ober, 66, joined the Corporation's management team in 1986, having been a research analyst at The Adams Express Company, the Corporation's non-controlling affiliate, since 1980. He has been the lead portfolio manager at Petroleum & Resources since April 1, 1991. During his 21-year tenure as the lead portfolio manager, the Corporation has provided to its stockholders, on an annual basis, a total return based on net asset value, with dividends and capital gains reinvested, of 9.76% and an annualized total return of 9.55% based on market value, through March 31, 2012.