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 (GAM) delivers focused growth through disciplined equity investments. This news hub provides investors with essential updates and analysis on this closed-end fund's strategic decisions and market positioning.
Access real-time announcements including quarterly earnings reports, portfolio adjustments, and leadership updates. Our curated feed combines press releases with market commentary to contextualize GAM's pursuit of capital appreciation through growth stocks.
Key coverage areas include:
- Financial performance updates and NAV changes
- Strategic portfolio rebalancing decisions
- Executive leadership developments
- Market analysis impacting growth equity positions
Bookmark this page for streamlined access to GAM's evolving investment strategy and regulatory disclosures. Verify time-sensitive data through official SEC filings when making financial decisions.
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General American Investors Company, Inc. announces a change in date for its 2024 Annual Meeting of Stockholders. The Meeting will now be held on April 8, 2024, instead of the previously planned date of April 24, 2024. Stockholders are encouraged to vote and submit their proxies in advance.
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General American Investors Company, Inc. (GAM) filed its Certified Shareholder Report with the SEC, revealing financial data for 2023. The report shows an increase in Net Assets Applicable to Common Stock, Net Investment Income, and Dividends to Common Shareholders compared to 2022. The Company also repurchased shares and disclosed its top stock holdings.
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General American Investors Company, Inc. has authorized the repurchase of an additional 1,000,000 outstanding shares of common stock at an 8% discount from the underlying net asset value. The company has already repurchased 32.5 million shares for $1 billion at an average discount of 14.1%. Founded in 1927, General American Investors aims for long-term capital appreciation through investment in companies with above-average growth potential. As of December 31, 2023, the company has total net assets of approximately $1.2 billion.
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General American Investors Company, Inc. (GAM) declared a dividend and distribution of $0.371875 per share on its 5.95% cumulative preferred stock, series B, payable on March 25, 2024. The Company was founded in 1927, has total net assets of approximately $1.2 billion, and aims for long-term capital appreciation through investment in companies with above average growth potential.
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General American Investors Company, Inc. (NYSE: GAM) announced the price at which shares of its common stock will be issued to stockholders who elected to receive additional shares in payment of the 2023 year-end dividend and distribution on its common stock. The issue price is $42.44 per share, representing the average between the high and low prices on the NYSE on December 15, 2023, which was below the net asset value of $51.24 per share on that date. The dividend and distribution of $2.65 per share is payable on December 28, 2023. The Company's objective is long-term capital appreciation through investment in companies with above average growth potential. As of November 30, 2023, the Company had net assets of approximately $1.2 billion applicable to its 23.3 million shares of common stock outstanding.
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General American Investors Company, Inc. (GAM) renews authorization for preferred stock repurchase, with 398,447 shares already repurchased. Annual shareholder meeting set for April 24, 2024. The company aims for long-term capital appreciation through investments in high-growth potential companies.
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General American Investors Company, Inc. (NYSE: GAM) has declared a combined dividend and distribution of $2.65 per share on its outstanding shares of common stock. The distribution includes $2.10 per share from net long-term capital gains and $0.55 per share from estimated undistributed net investment income for the full year 2023. The amounts are payable on December 28, 2023, to stockholders of record on November 13, 2023. Holders of common stock can choose to receive additional shares or cash. The company also declared a dividend and distribution of $0.371875 per share on its 5.95% Cumulative Preferred Stock, Series B.
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General American Investors Company, Inc. (GAM) reported net assets applicable to the Company’s common stock of $1,163,954,850 as of September 30, 2023, compared to $1,041,159,645 at December 31, 2022. Net asset value per share increased from $43.42 to $49.48. Net assets increased by $141,419,172 due to operations and a reduction of $18,623,967 from stock repurchases.
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