General American Investors Reports Net Assets as of March 31, 2023
02 Mai 2023 - 10:25PM
Business Wire
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 first quarter report indicates that as of and for the three
months ended:
3/31/23
3/31/22
Net Assets Applicable to Common Stock
$1,117,915,278
$1,233,414,742
Per Common Share
$46.66*
$50.66
Net Investment Income
$2,209,233
$495,401
Per Common Share
$0.09
$0.02
Net Gain/Loss on Investments
78,099,928
(32,918,869)
Per Common Share
$3.27
($1.33)
Common Shares Outstanding
23,959,776
24,345,098
Dividends and Distributions to Preferred
Stockholders
$2,827,993
$2,827,993
Per Common Share
$0.12
$0.12
*After dividends and
distributions of $1.00 per share paid in December, 2022.
The five largest stock holdings in the Company’s portfolio at
March 31, 2023 included Republic Services, Microsoft, Arch Capital,
ASML Holding, and Apple.
The quarterly report to stockholders also contains a report on
the results of the annual meeting of stockholders, market
commentary, and changes in portfolio holdings during the quarter
ended March 31, 2023.
For more current information concerning the Company’s net asset
value per common share and market price, please visit the Company’s
website at: www.generalamericaninvestors.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230502006060/en/
Eugene S. Stark Vice-President, Administration (212)
916-8447
General American Investors (NYSE:GAM)
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