General American Investors Files Certified Shareholder Report for Period Ended June 30, 2024

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08/05/2024 - 04:15 PM

NEW YORK--(BUSINESS WIRE)-- 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 six month period ended June 30, 2024. The Form N-CSR contains the Company’s June 30, 2024 Semi-Annual Report and is available at the SEC’s website: www.sec.gov and the Company’s website: www.generalamericaninvestors.com. The Semi-Annual Report is expected to be mailed to stockholders shortly.

The Semi-Annual Report indicates that as of or for the six months ended:

	6/30/24	6/30/23

Net Assets Applicable to Common Stock	$1,402,088,131	$1,200,083,087

Net Assets Per Common Share	$60.14*	$50.48

Net Investment Income	$5,740,826	$6,013,170

Per Share	$0.25	$0.25

Net Gain on Investments	188,287,805	166,692,175

Per Share	$8.17	$7.05

Common Shares Outstanding	23,313,823	23,775,433

*	After a distribution of $2.01 per share from net long-term capital gains and a dividend of $0.64 per share paid in December 2023.

The largest stock holdings in the Company’s portfolio as of June 30, 2024, included: Microsoft, Republic Services, Alphabet, ASML Holding, and Berkshire Hathaway.