"Some Closed-End Funds (CEF) hide under the radar successfully and quietly go about earning moderate returns for investors. Rare is the CEF that outpaces the S&P 500 without notice. Rarer still is a CEF that has gained over 100% in the past 5 years. The unicorn CEF might be one that not only generates those gains, but delivers an 8.12% yield and whose company has been in existence since before the Civil War!"
"Founded in 1854 as the Adams Express Company by entrepreneur Alvin Adams, it was originally a cargo and freight company sub-contractor to the Pony Express system. Adams Express stagecoach and rail delivery services were a critical part of the abolitionist movement, and delivered anti-slavery literature throughout the South. A slave named Harold "Box" Brown even escaped slavery by mailing himself in a wooden crate from Virginia to Philadelphia via Adams Express!"
Adams Diversified Equity Fund, Inc. (ADX) achieved notable stealth performance with over 100% gains in five years alongside an 8.12% yield. The firm began in 1854 as Adams Express Company, providing stagecoach and rail delivery and aiding abolitionist efforts by transporting anti-slavery literature. Adams transitioned to an investment company in 1929 and became one of the earliest and longest-standing closed-end funds on the NYSE. The company amassed significant stakes in railroads and American Express. The firm has paid annual dividends since 1935 and maintained an unbroken 54-year dividend streak.
Read at 24/7 Wall St.
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