General American Investors Announces Issue Price for the 2024 Year-End Dividend and Distribution Payable on December 27, 2024
General American Investors (NYSE: GAM) has announced the issue price of $52.26 per share for its 2024 year-end dividend and distribution, payable on December 27, 2024. The total distribution of $4.50 per share consists of $4.05 from net long-term capital gains and a $0.45 dividend from estimated undistributed net investment income. The issue price was determined by averaging the high and low prices on the NYSE on December 13, 2024, which fell below the net asset value of $59.51 per share. As of November 29, 2024, the company had net assets of approximately $1.6 billion with 22.9 million common shares outstanding.
General American Investors (NYSE: GAM) ha annunciato il prezzo di emissione di $52,26 per azione per il suo dividendo e distribuzione alla fine dell'anno 2024, pagabile il 27 dicembre 2024. La distribuzione totale di $4,50 per azione è composta da $4,05 provenienti da guadagni di capitale a lungo termine netti e da un dividendo di $0,45 da reddito netto da investimenti stimato non distribuito. Il prezzo di emissione è stato determinato facendo la media dei prezzi massimi e minimi sulla NYSE del 13 dicembre 2024, che è stato inferiore al valore netto degli attivi di $59,51 per azione. Fino al 29 novembre 2024, la società aveva atti netti di circa $1,6 miliardi con 22,9 milioni di azioni ordinarie in circolazione.
General American Investors (NYSE: GAM) ha anunciado un precio de emisión de $52.26 por acción para su dividendo y distribución de fin de año 2024, que se pagará el 27 de diciembre de 2024. La distribución total de $4.50 por acción consiste en $4.05 de ganancias de capital a largo plazo netas y un dividendo de $0.45 de ingresos netos por inversiones no distribuidos estimados. El precio de emisión se determinó promediando los precios máximos y mínimos en la NYSE del 13 de diciembre de 2024, que estaba por debajo del valor neto de los activos de $59.51 por acción. A partir del 29 de noviembre de 2024, la empresa tenía activos netos de aproximadamente $1.6 mil millones con 22.9 millones de acciones ordinarias en circulación.
General American Investors (NYSE: GAM)는 2024년 연말 배당금 및 분배에 대해 주당 $52.26의 발행가를 발표했으며, 이는 2024년 12월 27일에 지급될 예정입니다. 총 분배액 $4.50 per share는 순장기 자본 이득에서 $4.05와 추정된 미분배 순 투자 소득에서 $0.45의 배당금으로 구성됩니다. 발행가는 2024년 12월 13일 NYSE에서의 최고 및 최저 가격을 평균하여 결정되었으며, 이는 주당 $59.51의 순 자산 가치보다 아래였습니다. 2024년 11월 29일 현재, 회사의 순 자산은 약 $16억이고, 2,290만 주의 일반 주식이 발행되어 있습니다.
General American Investors (NYSE: GAM) a annoncé un prix d'émission de 52,26 $ par action pour son dividende et sa distribution de fin d'année 2024, qui sera payable le 27 décembre 2024. La distribution totale de 4,50 $ par action se compose de 4,05 $ provenant de gains en capital à long terme nets et d'un dividende de 0,45 $ provenant des revenus nets d'investissement estimés non distribués. Le prix d'émission a été déterminé en faisant la moyenne des prix hauts et bas du NYSE le 13 décembre 2024, qui était inférieur à la valeur nette des actifs de 59,51 $ par action. Au 29 novembre 2024, la société avait des actifs nets d'environ 1,6 milliard de dollars avec 22,9 millions d'actions ordinaires en circulation.
General American Investors (NYSE: GAM) hat einen Ausgabepreis von $52,26 pro Aktie für seine Jahresenddividende und -verteilung 2024 bekannt gegeben, die am 27. Dezember 2024 zahlbar ist. Die Gesamtauszahlung von $4,50 pro Aktie besteht aus $4,05 aus netto langfristigen Kapitalgewinnen und einer Dividende von $0,45 aus geschätztem nicht ausgeschüttetem Nettoanlageeinkommen. Der Ausgabepreis wurde durch den Durchschnitt der Höchst- und Tiefstpreise an der NYSE am 13. Dezember 2024 ermittelt, der unter dem Nettovermögenswert von $59,51 pro Aktie lag. Zum 29. November 2024 hatte das Unternehmen netto Vermögenswerte von etwa $1,6 Milliarden bei 22,9 Millionen ausgegebenen Stammaktien.
- Substantial dividend distribution of $4.50 per share
- Strong net assets of $1.6 billion
- Issue price ($52.26) significantly below NAV ($59.51), indicating potential value
- Issue price below NAV indicates shares trading at discount
-
A distribution of
$4.05 -
A dividend of
$0.45
The final determination as to the taxability of the above amounts will be reported to you in January 2025 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 29, 2024, the Company had net assets of approximately
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Eugene S. Stark
Vice-President, Administration
(212) 916-8447
Source: General American Investors Company, Inc.
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