General American Investors : Quarterly Dividend and Distribution on Preferred Stock
July 27, 2023 at 02:05 am IST
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General American Investors Company, Inc.
530 Fifth Avenue
New York, New York 10036
Company Contact:
Eugene S. Stark
July 26, 2023
Vice-President, Administration
(212) 916-8447
For Immediate Release
GENERAL AMERICAN INVESTORS COMPANY
ANNOUNCES ACTIONS TAKEN BY THE BOARD OF DIRECTORS
NEW YORK - July 26 - 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 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 total net assets of approximately $1.2 billion applicable to its 23.8 million shares of common stock outstanding as of June 30, 2023. The aggregate liquidation value of the Company's preferred stock is $190 million (NYSE symbol - GAM Pr B).
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General American Investors Company Inc. published this content on 26 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 July 2023 20:34:40 UTC.
General American Investors Company, Inc. is a closed-end, diversified management investment company. The primary investment objective of the Company is long-term capital appreciation. The Company seeks investments worldwide in public and private companies. The Company invests in various industry sectors, such as information technology, financials, consumer discretionary, healthcare, consumer staples, industrials, communication services, energy, materials and other. The Companyâs portfolio includes Republic Services, Inc., Microsoft Corporation, Arch Capital Group Ltd., Alphabet Inc., Berkshire Hathaway Inc., Apple Inc., Everest Group, Ltd., The TJX Companies, Inc., ASML Holding N.V. and Nestle S.A.
GENERAL AMERICAN INVESTORS COMPANY, INC. 
