Welcome to our dedicated page for General American Investors news (Ticker: GAM), a resource for investors and traders seeking the latest updates and insights on General American Investors stock.
General American Investors Company, Inc. (NYSE: GAM) is a closed-end investment company that regularly issues detailed announcements about its operations, distributions, and governance. This news page aggregates company-issued updates so readers can follow how the firm pursues its stated objective of long-term capital appreciation through investment in companies with above-average growth potential.
Company news frequently covers actions taken by the Board of Directors, including authorizations and renewals of share repurchase programs for both common stock and its 5.95% Cumulative Preferred Stock, Series B. These releases describe the conditions under which shares may be repurchased, such as trading at a discount to net asset value for common stock or below liquidation preference for preferred stock.
Another recurring theme in General American Investors’ news is the declaration of dividends and capital gain distributions. The company provides breakdowns between distributions from net long-term capital gains on securities sold and dividends from estimated undistributed net investment income, along with record and payment dates. In some periods, it has also announced issue prices for additional common shares issued to stockholders who elect to receive dividends and distributions in stock rather than cash.
Regulatory and reporting updates also appear in the company’s news flow. For example, General American Investors has announced the filing of its Certified Shareholder Report (Form N-CSR) with the U.S. Securities and Exchange Commission, summarizing semi-annual results such as net assets, net asset value per share, net investment income, and net gains on investments. Governance items, such as appointments to the Board of Directors and descriptions of directors’ professional backgrounds, are also disclosed.
Investors and researchers can use this news page to review the company’s historical announcements on distributions, portfolio metrics, share repurchases, and board actions as reported in its public communications.
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The Board of Directors of General American Investors (NYSE:GAM) declared a quarterly cash dividend of