General American Investors Company Actions Taken by the Board of Directors
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A distribution of
per share from net long-term capital gains on securities sold.$4.05 -
A dividend of
per share from estimated undistributed net investment income for the full year 2024.$0.45
Determination as to taxability will be provided in January 2025. Both amounts are payable on December 27, 2024 to stockholders of record on November 18, 2024, and are to be included in stockholders’ Federal income tax returns for 2024. Holders of common stock will receive the dividend and distribution under one of two options:
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Receive additional full and fractional shares of the Company’s common stock for the combined total dividend and distribution of
per share or,$4.50 - Elect to receive cash for the dividend and distribution.
The Board of Directors declared on its
The Board of Directors also authorized the repurchase of an additional 1,000,000 outstanding shares of common stock when the shares are trading at a discount from the underlying net asset value by at least
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 October 31, 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.