General American Investors Company Announces: Action Taken by the Board of Directors
General American Investors announced its Board of Directors has renewed authorization to repurchase up to 1,601,553 shares of 5.95% Cumulative Preferred Stock, Series B when trading below the $25 per share liquidation preference. To date, 398,447 preferred shares have been repurchased and retired. The company, founded in 1927 and NYSE-listed since 1930, focuses on long-term capital appreciation through investments in companies with above-average growth potential.
As of November 30, 2024, the company reported total net assets of approximately $1.4 billion, with 22.9 million common shares outstanding. The aggregate liquidation value of its 7.6 million preferred shares is $190.0 million.
General American Investors ha annunciato che il suo Consiglio di Amministrazione ha rinnovato l'autorizzazione per riacquistare fino a 1.601.553 azioni di Azioni Prefferenziali Cumulative al 5,95%, Serie B, quando il commercio sarà sotto la preferenza di liquidazione di $25 per azione. Ad oggi, sono state riacquistate e ritirate 398.447 azioni privilegiate. L'azienda, fondata nel 1927 e quotata in NYSE dal 1930, si concentra sull'apprezzamento del capitale a lungo termine attraverso investimenti in aziende con un potenziale di crescita superiore alla media.
Al 30 novembre 2024, l'azienda ha riportato attività nette totali di circa $1,4 miliardi, con 22,9 milioni di azioni ordinarie in circolazione. Il valore aggregato di liquidazione delle sue 7,6 milioni di azioni privilegiate è di 190,0 milioni di dollari.
General American Investors anunció que su Junta Directiva ha renovado la autorización para recomprar hasta 1,601,553 acciones de acciones preferentes acumulativas al 5.95%, serie B, cuando el comercio esté por debajo de la preferencia de liquidación de $25 por acción. Hasta la fecha, se han recomprado y retirado 398,447 acciones preferentes. La compañía, fundada en 1927 y cotizada en la NYSE desde 1930, se enfoca en la apreciación de capital a largo plazo a través de inversiones en empresas con un potencial de crecimiento superior al promedio.
Al 30 de noviembre de 2024, la compañía reportó activos netos totales de aproximadamente $1.4 mil millones, con 22.9 millones de acciones ordinarias en circulación. El valor de liquidación agregado de sus 7.6 millones de acciones preferentes es de 190 millones de dólares.
제너널 아메리칸 인베스터스는 이사회에서 1,601,553주의 5.95% 누적 우선주 B 시리즈의 재매입을 $25 주당 청산 우선권 이하로 거래될 때까지 재승인했다는 사실을 발표했습니다. 현재까지 398,447주가 재매입되어 소각되었습니다. 이 회사는 1927년에 설립되었으며 1930년부터 NYSE에 상장되어 있으며, 평균 이상의 성장 잠재력을 가진 기업에 대한 투자로 장기적인 자본 증가에 주력하고 있습니다.
2024년 11월 30일 현재 이 회사는 약 14억 달러의 총 순자산을 보고했으며, 2,290만 주의 보통주가 발행되어 있습니다. 이 회사의 760만 주 우선주로 인한 총 청산 가치는 1억 9000만 달러입니다.
General American Investors a annoncé que son Conseil d'Administration avait renouvelé l'autorisation de racheter jusqu'à 1.601.553 actions d'Actions Préférentielles Cumulatives à 5,95%, Série B, lorsque le trading est inférieur à la préférence de liquidation de 25 $ par action. À ce jour, 398.447 actions privilégiées ont été rachetées et annulées. L'entreprise, fondée en 1927 et cotée à la NYSE depuis 1930, se concentre sur l'appréciation du capital à long terme par le biais d'investissements dans des entreprises présentant un potentiel de croissance supérieur à la moyenne.
Au 30 novembre 2024, l'entreprise a rapporté des actifs nets totaux d'environ 1,4 milliard de dollars, avec 22,9 millions d'actions ordinaires en circulation. La valeur de liquidation totale de ses 7,6 millions d'actions privilégiées est de 190 millions de dollars.
General American Investors gab bekannt, dass der Vorstand die Genehmigung zur Rückkauf von bis zu 1.601.553 Aktien der 5,95% kumulierten Vorzugsaktien, Serie B, erneuert hat, wenn die Handelskurse unter dem Liquidationsvorzug von 25 $ pro Aktie liegen. Bis heute wurden 398.447 Vorzugsaktien zurückgekauft und eingezogen. Das Unternehmen, das 1927 gegründet wurde und seit 1930 an der NYSE notiert ist, konzentriert sich auf die langfristige Kapitalsteigerung durch Investitionen in Unternehmen mit überdurchschnittlichem Wachstumspotenzial.
Zum 30. November 2024 berichtete das Unternehmen von gesamt Nett Vermögenswerten von etwa 1,4 Milliarden Dollar bei 22,9 Millionen ausgegebenen Stammaktien. Der gesamte Liquidationswert seiner 7,6 Millionen Vorzugsaktien beträgt 190 Millionen Dollar.
- Board authorized repurchase of up to 1.6M preferred shares below $25/share
- Strong asset position with $1.4B in total net assets
- Previously successful execution of share repurchases with 398,447 preferred shares already retired
- None.
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 30, 2024, the Company had total net assets of approximately
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Eugene S. Stark
Vice-President, Administration
(212) 916-8447
Source: General American Investors Company, Inc.
FAQ
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