The Board of Directors of Petroleum & Resources Corporation PEO declared today a year-end distribution of $0.97 per share, consisting of the following:
1) a capital gains distribution of $0.88 per share from net capital gains realized during 2010, comprised of $0.14 short-term and $0.74 long-term capital gain; and
2) an income dividend of $0.09 per share from 2010 net investment income.
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