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. reports closed-end investment company developments tied to its long-term capital appreciation objective and portfolio of growth-oriented equity securities. The company has been publicly traded since its 1927 founding and has been listed on the NYSE since 1930 under the common stock symbol GAM, with 5.95% Cumulative Preferred Stock, Series B listed as GAM Pr B.
Recurring news covers common stock dividends and capital-gain distributions, quarterly preferred stock dividends and distributions, tax character reporting, certified shareholder reports, portfolio holdings, share repurchase authorizations and board governance changes.
General American Investors Company reported net assets of $1,005,450,799 as of September 30, 2020, down from $1,081,697,614 at December 31, 2019. The decrease included $64,924,973 from operations and $11,321,842 for repurchased shares. Net asset value per share fell to $41.16 from $43.70. Investment income for the period was $3,928,010 or $0.16 per share. A net loss on investments of ($60,369,004) or ($2.35) per share was reported, alongside consistent dividends totaling $8,483,979.