General American Investors Company, Inc. Quarterly Dividend and Distribution on 5.95% Preferred Stock
24 Avril 2024 - 10:25PM
Business Wire
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 was founded in 1927, has been
publicly traded since its inception and has been listed on the NYSE
since 1930. The objective of the Company is long-term capital
appreciation through investment in companies with above average
growth potential. The Company has net assets of approximately $1.3
billion applicable to its 23.6 million shares of common stock
outstanding. The aggregate liquidation value of the Company’s
preferred stock is $190 million. Its preferred shares (symbol GAM
Pr B) are also listed on the NYSE.
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Eugene S. Stark Vice-President, Administration (212)
916-8447
General American Investors (NYSE:GAM)
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