Articles from General American Investors Company, Inc.

The Board of Directors of General American Investors Company, Inc. (NYSE symbol – GAM), a closed-end management investment company, reported that Sarah M. Ward, an experienced attorney and financial services industry leader, has been appointed to the Board of Directors of the Company. Mr. Spencer Davidson, Chairman of the Company, commented, “We are pleased to welcome Ms. Ward to our Board given her breadth of experience as a senior partner at Skadden, Arps, Slate, Meagher & Flom LLP and service on numerous Boards of Directors.” Ms. Ward retired from Skadden in December 2021 and currently serves on the boards of CI Financial, Corient, Loblolly Inc., and the Settlement Housing Fund. She is a graduate of Princeton University and received her Doctor of Law degree from Fordham University School of Law.

The Board of Directors of General American Investors Company, Inc. (NYSE symbol – GAM), a closed-end investment company, declared on its 5.95% cumulative preferred stock, series B, a dividend and distribution of $0.371875 per share payable in cash on September 24, 2025 to holders of record on September 8, 2025. This quarterly dividend and distribution represents a payment for the accrual period from June 24, 2025 through September 23, 2025. Preferred shareholders will be informed in early 2026 of the taxable portions of the distribution.

The Board of Directors of General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM) authorized the repurchase of an additional 2,000,000 outstanding shares of common stock when the shares are trading at a discount from the underlying net asset value by at least 8%. This continues a repurchase program which began in March 1995. Through March 31, 2025, the Company has repurchased 33.6 million shares of common stock for a cost of $1.1 billion at an average discount of 14.2%.

General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), filed with the U.S. Securities and Exchange Commission (SEC) its Certified Shareholder Report (Form N-CSR) for the year ended December 31, 2024. The Form N-CSR, which contains the Company’s 2024 Annual Report, is available at the SEC’s website: www.sec.gov and the Company’s website: www.generalamericaninvestors.com.

The Board of Directors of General American Investors Company, Inc. (NYSE symbol – GAM), a closed-end investment company, declared a spill-over capital gain distribution on its common stock totaling $0.25 per share from net long-term profits on securities sold during the period November 1, 2024 through December 31, 2024. This is sourced from long-term capital gain income and is expected to be taxable as such. The dividend and distribution is payable in cash on March 7, 2025 to stockholders of record on February 24, 2025 and is to be included in stockholders’ federal income tax returns for 2025.

General American Investors Company, Inc. (NYSE: GAM), a closed-end investment company, announced that the price at which shares of its common stock will be issued to stockholders who elected to receive additional shares in payment of the 2024 year-end dividend and distribution on its common stock will be $52.26 per share. The issue price represents the average between the high and the low prices on the New York Stock Exchange on December 13, 2024, which was below the net asset value of $59.51 per share on that date. The dividend and distribution is payable on December 27, 2024. As announced on November 6, the dividend and distribution amounts to $4.50 per share in the aggregate and is estimated to consist of:

The Board of Directors of General American Investors Company, Inc., a closed-end investment company whose common and preferred shares are listed on the New York Stock Exchange (NYSE symbols - GAM and GAM Pr B, respectively), renewed authorization for the repurchase of up to 1,601,553 outstanding shares of 5.95% Cumulative Preferred Stock, Series B when the shares are trading at a market price below the liquidation preference of $25 per share. To date, a total of 398,447 shares of Preferred Stock have been repurchased and retired. This program is separate from, and in addition to, the common stock repurchase program.

Today, the Board of Directors of General American Investors Company, Inc. (NYSE symbol – GAM), a closed-end investment company, declared a combined dividend and distribution of $4.50 per share on its outstanding shares of common stock as follows:

General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), filed with the U.S. Securities and Exchange Commission (SEC) its Certified Shareholder Report (Form N-CSR) for the six month period ended June 30, 2024. The Form N-CSR contains the Company’s June 30, 2024 Semi-Annual Report and is available at the SEC’s website: www.sec.gov and the Company’s website: www.generalamericaninvestors.com. The Semi-Annual Report is expected to be mailed to stockholders shortly.

The Board of Directors of General American Investors Company, Inc. (NYSE symbol – GAM), a closed-end investment company, declared on its 5.95% cumulative preferred stock, series B, a dividend and distribution of $0.371875 per share payable in cash on September 24, 2024 to holders of record on September 9, 2024. This quarterly dividend and distribution represents a payment for the accrual period from June 24, 2024 through September 23, 2024. Preferred shareholders will be informed in early 2025 of the taxable portions of the distribution.

General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), reported net assets applicable to the Company’s common stock as of March 31, 2024 of $1,346,421,659 as compared with net assets applicable to its common stock of $1,233,031,938 at December 31, 2023. The value at March 31, 2024 reflects an increase in net assets resulting from operations for the three-month period then ended of $119,893,493 and a net decrease of $6,503,772 reflecting the net cost of repurchasing 147,831 shares of the Company’s common stock.

The Board of Directors of General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), declared on its 5.95% cumulative preferred stock, series B, a dividend and distribution of $0.371875 per share payable in cash on June 24, 2024 to holders of record on June 7, 2024. This quarterly dividend and distribution represents a payment for the accrual period from March 25, 2024 through June 23, 2024. Preferred shareholders will be informed in early 2025 of the taxable portions of the distribution.

General American Investors Company, Inc. (the “Company”), a closed-end investment company listed on the New York Stock Exchange (GAM), today announced that it provided its stockholders with notice of a change in date for its 2024 Annual Meeting of Stockholders (the “Meeting”) through the filing of additional proxy solicitation materials with the Securities and Exchange Commission.

General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), filed with the U.S. Securities and Exchange Commission (SEC) its Certified Shareholder Report (Form N-CSR) for the year ended December 31, 2023. The Form N-CSR, which contains the Company’s 2023 Annual Report, is available at the SEC’s website: www.sec.gov and the Company’s website: www.generalamericaninvestors.com.

The Board of Directors authorized the repurchase of an additional 1,000,000 outstanding shares of common stock when the shares are trading at a discount from the underlying net asset value by at least 8%. This continues a repurchase program which began in March 1995. Through December 31, 2023, the Company has repurchased 32.5 million shares of common stock for a cost of $1 billion at an average discount of 14.1%.

The Board of Directors of General American Investors Company, Inc. (NYSE symbol – GAM), a closed-end investment company, declared on its 5.95% cumulative preferred stock, series B, a dividend and distribution of $0.371875 per share payable in cash on March 25, 2024 to holders of record on March 7, 2024. This quarterly dividend and distribution represents a payment for the accrual period from December 26, 2023 through March 24, 2024. Preferred shareholders will be informed in early 2025 of the taxable portions of the distribution.

General American Investors Company, Inc. (NYSE: GAM), a closed-end investment company, announced that the price at which shares of its common stock will be issued to stockholders who elected to receive additional shares in payment of the 2023 year-end dividend and distribution on its common stock will be $42.44 per share. The issue price represents the average between the high and the low prices on the New York Stock Exchange on December 15, 2023, which was below the net asset value of $51.24 per share on that date. The dividend and distribution is payable on December 28, 2023. As announced on November 1, the dividend and distribution amounts to $2.65 per share in the aggregate and is estimated to consist of:

The Board of Directors of General American Investors Company, Inc., a closed-end investment company whose common and preferred shares are listed on the New York Stock Exchange (NYSE symbols - GAM and GAM Pr B, respectively), announced the retirement of Ms. Linda J. Genid, Corporate Secretary of the Company, as of December 31st and that Ms. Connie A. Santa Maria will succeed her in such capacity. The Board expressed its sincere appreciation to Ms. Genid for the loyalty and dedication with which she served the Company and its shareholders for the last 40 years.

The Board of Directors of General American Investors Company, Inc., a closed-end investment company whose common and preferred shares are listed on the New York Stock Exchange (NYSE symbols - GAM and GAM Pr B, respectively), renewed authorization for the repurchase of up to 1,601,553 outstanding shares of 5.95% Cumulative Preferred Stock, Series B when the shares are trading at a market price below the liquidation preference of $25 per share. To date, a total of 398,447 shares of Preferred Stock have been repurchased and retired. This program is separate from, and in addition to, the common stock repurchase program.

Today, the Board of Directors of General American Investors Company, Inc. (NYSE symbol – GAM), a closed-end investment company, declared a combined dividend and distribution of $2.65 per share on its outstanding shares of common stock as follows:

General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), reported net assets applicable to the Company’s common stock as of September 30, 2023 of $1,163,954,850 as compared with net assets applicable to its common stock of $1,041,159,645 at December 31, 2022. The value at September 30, 2023 reflects an increase in net assets resulting from operations for the nine-month period of $141,419,172, a reduction of $18,623,967 representing the cost of repurchasing 456,016 shares of the Company’s common stock.

General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), filed with the U.S. Securities and Exchange Commission (SEC) its Certified Shareholder Report (Form N-CSR) for the six month period ended June 30, 2023. The Form N-CSR contains the Company’s June 30, 2023 Semi-Annual Report and is available at the SEC’s website: www.sec.gov and the Company’s website: www.generalamericaninvestors.com. The Semi-Annual Report is expected to be mailed to stockholders shortly.

The Board of Directors of General American Investors Company, Inc. (NYSE symbol – GAM), a closed-end investment company, declared on its 5.95% cumulative preferred stock, series B, a dividend and distribution of $0.371875 per share payable in cash on September 25, 2023 to holders of record on September 7, 2023. This quarterly dividend and distribution represents a payment for the accrual period from June 26, 2023 through September 24, 2023. Preferred shareholders will be informed in early 2024 of the taxable portions of the distribution.

General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), reported net assets applicable to the Company’s common stock as of March 31, 2023 of $1,117,915,278 as compared with net assets applicable to its common stock of $1,041,159,645 at December 31, 2022. The value at March 31, 2023 reflects a increase in net assets resulting from operations for the three-month period then ended of $77,481,168 and a net decrease of $725,535 reflecting the net cost of repurchasing 19,246 shares of the Company’s common stock.

The Board of Directors of General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), declared on its 5.95% cumulative preferred stock, series B, a dividend and distribution of $0.371875 per share payable in cash on June 26, 2023 to holders of record on June 7, 2023. This quarterly dividend and distribution represents a payment for the accrual period from March 24, 2023 through June 25, 2023. Preferred shareholders will be informed in early 2024 of the taxable portions of the distribution.

General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), filed with the U.S. Securities and Exchange Commission (SEC) its Certified Shareholder Report (Form N-CSR) for the year ended December 31, 2022. The Form N-CSR, which contains the Company’s 2022 Annual Report, is available at the SEC’s website: www.sec.gov and the Company’s website: www.generalamericaninvestors.com.

The Board of Directors of General American Investors Company, Inc. (NYSE symbol – GAM), a closed-end investment company, declared on its 5.95% cumulative preferred stock, series B, a dividend and distribution of $0.371875 per share payable in cash on March 24, 2023 to holders of record on March 7, 2023. This quarterly dividend and distribution represents a payment for the accrual period from December 27, 2022 through March 23, 2023. Preferred shareholders will be informed in early 2024 of the taxable portions of the distribution.

General American Investors Company, Inc. (NYSE: GAM), a closed-end investment company, announced that the price at which shares of its common stock will be issued to stockholders who elected to receive additional shares in payment of the 2022 year-end dividend and distribution on its common stock will be $36.135 per share. The issue price represents the average between the high and the low prices on the New York Stock Exchange on December 16, 2022, which was below the net asset value of $43.47 per share on that date. The dividend and distribution is payable on December 29, 2022. As announced on November 2, the dividend and distribution amounts to $1.00 per share in the aggregate and is estimated to consist of:

The Board of Directors of General American Investors Company, Inc., a closed-end investment company whose common and preferred shares are listed on the New York Stock Exchange (NYSE symbols - GAM and GAM Pr B, respectively), renewed authorization for the repurchase of 604,687 outstanding shares of 5.95% Cumulative Preferred Stock, Series B when the shares are trading at a market price below the liquidation preference of $25 per share. This is a renewal of the repurchase program originally authorized by the Board of Directors on December 10, 2008 for 1 million shares of Preferred Stock. An additional 1,000,000 preferred shares are also being authorized for repurchase bringing the total approved for repurchase to 1,604,687 preferred shares. To date, a total of 395,313 shares of Preferred Stock have been repurchased and retired. This program is separate from and in addition to the common stock repurchase program.

Today, the Board of Directors of General American Investors Company, Inc. (NYSE symbol – GAM), a closed-end investment company, declared a combined dividend and distribution of $1.00 per share on its outstanding shares of common stock as follows:

General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), reported net assets applicable to the Company’s common stock as of September 30, 2022 of $967,087,331 as compared with net assets applicable to its common stock of $1,282,788,664 at December 31, 2021. The value at September 30, 2022 reflects a decrease in net assets resulting from operations for the nine-month period of $285,681,617, a reduction of $17,952,160 representing the cost of repurchasing 473,540 shares of the Company’s common stock partially offset by the issuance of 2,730 shares valued at $115,454, and a distribution of $12,183,010 to common stockholders paid on February 18, 2022.

General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), filed with the U.S. Securities and Exchange Commission (SEC) its Certified Shareholder Report (Form N-CSR) for the six month period ended June 30, 2022. The Form N-CSR contains the Company’s June 30, 2022 Semi-Annual Report and is available at the SEC’s website: www.sec.gov and the Company’s website: www.generalamericaninvestors.com. The Semi-Annual Report is expected to be mailed to stockholders shortly.

The Board of Directors of General American Investors Company, Inc. (NYSE symbol – GAM), a closed-end investment company, declared on its 5.95% cumulative preferred stock, series B, a dividend and distribution of $0.371875 per share payable in cash on September 26, 2022 to holders of record on September 7, 2022. This quarterly dividend and distribution represents a payment for the accrual period from June 24, 2022 through September 25, 2022. Preferred shareholders will be informed in early 2023 of the taxable portions of the distribution.

General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), reported net assets applicable to the Company’s common stock as of March 31, 2022 of $1,233,414,742 as compared with net assets applicable to its common stock of $1,282,788,664 at December 31, 2021. The value at March 31, 2022 reflects a decrease in net assets resulting from operations for the three-month period then ended of $35,251,461, a net decrease of $1,939,451 reflecting the net cost of repurchasing 49,766 shares of the Company’s common stock partially offset by the issuance of 2,730 shares, and a distribution of $12,183,010 to common shareholders paid on February 18, 2022.

The Board of Directors of General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), declared on its 5.95% cumulative preferred stock, series B, a dividend and distribution of $0.371875 per share payable in cash on June 24, 2022 to holders of record on June 7, 2022. This quarterly dividend and distribution represents a payment for the accrual period from March 24, 2022 through June 23, 2022. Preferred shareholders will be informed in early 2023 of the taxable portions of the distribution.

General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), filed with the U.S. Securities and Exchange Commission (SEC) its Certified Shareholder Report (Form N-CSR) for the year ended December 31, 2021. The Form N-CSR, which contains the Company’s 2021 Annual Report, is available at the SEC’s website: www.sec.gov and the Company’s website: www.generalamericaninvestors.com.

The Board of Directors of General American Investors Company, Inc. (NYSE symbol – GAM), a closed-end investment company, declared a spill-over capital gain distribution on its common stock totaling $0.50 per share from net long-term profits on securities sold during the period November 1, 2021 through December 31, 2021. This is sourced from long-term capital gain income and is expected to be taxable as such. The dividend and distribution is payable in cash on February 18, 2022 to stockholders of record on February 7, 2022 and is to be included in stockholders’ federal income tax returns for 2022.

Headline of release should read: General American Investors Announces Issue Price for the 2021 Year-End Dividend and Distribution Payable on December 30, 2021 (instead of: General American Investors Announces Issue Price for the 2020 Year-End Dividend ...).

General American Investors Company, Inc. (NYSE: GAM), a closed-end investment company, announced that the price at which shares of its common stock will be issued to stockholders who elected to receive additional shares in payment of the 2021 year-end dividend and distribution on its common stock will be $42.70 per share. The issue price represents the average between the high and the low prices on the New York Stock Exchange on December 17, 2021, which was below the net asset value of $50.86 per share on that date. The dividend and distribution is payable on December 30, 2021. As announced on November 3, the dividend and distribution amounts to $3.05 per share in the aggregate and is estimated to consist of:

The Board of Directors of General American Investors Company, Inc., a closed-end investment company whose common and preferred shares are listed on the New York Stock Exchange (NYSE symbols - GAM and GAM Pr B, respectively), renewed authorization for the repurchase of 604,687 outstanding shares of 5.95% Cumulative Preferred Stock, Series B when the shares are trading at a market price below the liquidation preference of $25 per share. This is a renewal of the repurchase program originally authorized by the Board of Directors on December 10, 2008 for 1 million shares of Preferred Stock. To date, a total of 395,313 shares of Preferred Stock have been repurchased and retired. This program is separate from and in addition to the common stock repurchase program.

Today, the Board of Directors of General American Investors Company, Inc. (NYSE symbol – GAM), a closed-end investment company, declared a combined dividend and distribution of $3.05 per share on its outstanding shares of common stock as follows:

General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), reported net assets applicable to the Company’s common stock as of September 30, 2021 of $1,210,235,496 as compared with net assets applicable to its common stock of $1,087,971,063 at December 31, 2020. The value at September 30, 2021 included an increase in net assets resulting from operations for the nine month period of $162,008,798 and a reduction of $33,595,305 representing the cost of 813,884 shares of the Company’s common stock that were repurchased during the nine month period.

General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), filed with the U.S. Securities and Exchange Commission (SEC) its Certified Shareholder Report (Form N-CSR) for the six month period ended June 30, 2021. The Form N-CSR contains the Company’s June 30, 2021 Semi-Annual Report and is available at the SEC’s website: www.sec.gov and the Company’s website: www.generalamericaninvestors.com. The Semi-Annual Report is expected to be mailed to stockholders shortly.

The Board of Directors of General American Investors Company, Inc. (NYSE symbol – GAM), a closed-end investment company, declared on its 5.95% cumulative preferred stock, series B, a dividend and distribution of $0.371875 per share payable in cash on September 24, 2021 to holders of record on September 7, 2021. This quarterly dividend and distribution represents a payment for the accrual period from June 24, 2021 through September 23, 2021. Preferred shareholders will be informed in early 2022 of the taxable portions of the distribution.

General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), reported net assets applicable to the Company’s common stock as of March 31, 2021 of $1,135,515,720 as compared with net assets applicable to its common stock of $1,087,971,063 at December 31, 2020. The value at March 31, 2021 reflects a increase in net assets resulting from operations for the three-month period then ended of $66,566,835, a decrease of $12,873,118 reflecting the cost of repurchasing 334,842 shares of the Company’s common stock, and a distribution of $6,149,060 to common shareholders paid on February 19, 2021.

The Board of Directors of General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), declared on its 5.95% cumulative preferred stock, series B, a dividend and distribution of $0.371875 per share payable in cash on June 24, 2021 to holders of record on June 7, 2021. This quarterly dividend and distribution represents a payment for the accrual period from March 24, 2021 through June 23, 2021. Preferred shareholders will be informed in early 2022 of the taxable portions of the distribution.