Petroleum & Resources Corporation is a non-diversified investment company. The Company is an internally managed fund, which focuses on petroleum and other natural resource investments. The investment objectives of the Company are preservation of capital, the attainment of reasonable income from investments, and an opportunity for capital appreciation. In order to conduct its business, the Company, through its transfer agent, American Stock Transfer & Trust Company, collects and maintains certain nonpublic personal information about its stockholders of record with respect to their transactions in shares of its securities.