GAM General American Investors Company Inc

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 2024 Annual Report and the Proxy Statement, pertaining to the Company’s Annual Meeting of Stockholders to be held on April 16, 2025, will be available on the website.

The Annual Report indicates that as of and for the year ended:

2024

2023

Net Assets Applicable to Common Stock

$1,355,988,837

$1,233,031,938

Per Common Share

$57.78*

$51.96**

Net Investment Income

$13,297,853

$10,577,329

Per Common Share

$0.57

$0.44

Net Gain (Loss) on Investments

$232,157,337

$262,826,469

Per Common Share

$10.10

$11.18

Common Shares Outstanding

23,468,163

23,732,324

Dividends and Distributions to Common Shareholders

$103,286,898

$61,945,377

Per Common Share

$4.50

$2.65

Dividends and Distributions to Preferred Shareholders

$11,307,310

$11,310,806

Per Common Share

$0.49

$0.48

*

After dividends and distributions of $4.50 per share paid in December 2024.

**

After dividends and distributions of $2.65 per share paid in December 2023.

The Company also reported that it purchased 969,931 shares of its outstanding common stock in the open market during 2024. The Board of Directors has authorized repurchasing common shares when they are trading at a discount in excess of 8%. The Company is also authorized to repurchase up to a remaining 1,601,553 shares of its 5.95% Cumulative Preferred Stock, Series B (symbol GAM Pr B on NYSE) when they are trading at less than $25 per share. The aggregate liquidation value of the preferred stock is $190.0 million.

The five largest stock holdings in the Company’s portfolio at December 31, 2024 included: Republic Services, Apple Inc., Alphabet Inc., Microsoft Corporation, and Berkshire Hathaway, Inc. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250214120762/en/

Eugene S. Stark Vice-President, Administration (212) 916-8447

General American Investors (NYSE:GAM)
Graphique Historique de l'Action
De Fév 2025 à Mar 2025

General American Investors (NYSE:GAM)
Graphique Historique de l'Action
De Mar 2024 à Mar 2025