General American Investors Announces Issue Price for the 2020 Year-End Dividend and Distribution Payable on December 30, 2020
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 2020 year-end dividend and distribution on its common stock will be
-
A distribution of
$2.27 per share from net long-term capital gains on securities sold. -
A dividend of
$0.23 per share from estimated undistributed net investment income for the full year 2020.
The final determination as to the taxability of the above amounts will be reported to you in January 2021 via Form 1099-DIV.
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. As of November 30, 2020, the Company had net assets of approximately
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