We investigate convolution semigroups of probability measures with continuous densities on locally compact abelian groups, which have a discrete subgroup such that the factor group is compact. Two interesting examples of the quotient structure are the d-dimensional torus, and the adèlic circle. Our main result is to show that the Poisson summation formula for the density can be interpreted as a probabilistic trace formula, linking values of the density on the factor group to the trace of the associated semigroup on L2-space. The Gaussian is a very important example. For rotationally invariant α-stable densities, the trace formula is valid, but we cannot verify the Poisson summation formula. To prepare to study semistable laws on the adèles, we first investigate these on the p-adics, where we show they have continuous densities which may be represented as series expansions. We use these laws to construct a convolution semigroup on the adèles whose densities fail to satisfy the probabilistic trace formula
