General American Investors Company, Inc. - GAM STOCK NEWS

General American Investors (NYSE: GAM) announced the issuance price for shares under its 2022 year-end dividend, set at $36.135 per share, reflecting lower than the net asset value of $43.47. The dividend, amounting to $1.00 per share, includes $0.87 from long-term capital gains and $0.13 from undistributed net investment income. Payment is scheduled for December 29, 2022. As of November 30, 2022, the company reported net assets of approximately $1.1 billion.

The Board of Directors of General American Investors (NYSE:GAM) has authorized the repurchase of an additional 1,000,000 shares of 5.95% Cumulative Preferred Stock, Series B, raising the total available for repurchase to 1,604,687 shares when trading below the $25 liquidation preference. To date, 395,313 shares have been repurchased. The annual shareholder meeting is set for April 26, 2023, and will be held virtually if necessary, due to health concerns. As of November 30, 2022, total net assets were approximately $1.1 billion.

The Board of Directors of General American Investors (NYSE:GAM) has declared a combined $1.00 per share dividend and distribution. This comprises $0.87 from long-term capital gains and $0.13 from undistributed net investment income for 2022. Payments are scheduled for December 29, 2022 to stockholders of record on November 14, 2022. Additionally, a dividend of $0.371875 per share will be paid in cash on December 27, 2022 to preferred stockholders. As of October 31, 2022, the firm's net assets reached approximately $1.0 billion.

General American Investors Company (GAM) reported net assets of $967,087,331 as of September 30, 2022, down from $1,282,788,664 at year-end 2021. This decrease resulted from a $285,681,617 loss in operations, share repurchases costing $17,952,160, and a distribution of $12,183,010 to shareholders. The net asset value per share declined to $40.43 from $52.59. Notably, a significant net loss on investments was recorded at $281,315,175.

General American Investors Company, listed on NYSE as GAM, has filed its Certified Shareholder Report (Form N-CSR) for the six months ending June 30, 2022. Key figures include net assets applicable to common stock at $1,007,632,841, down from $1,227,414,148 a year prior. Net assets per share decreased to $42.03 from $50.76. Net investment income rose to $2,586,971 from $769,204. However, a significant net loss on investments was reported at ($244,029,899), compared to a gain of $172,290,450 the previous year.

The Board of Directors of General American Investors (NYSE: GAM) has declared a cash dividend of $0.371875 per share on its 5.95% cumulative preferred stock, series B. This distribution, covering the period from June 24, 2022 to September 25, 2022, is payable on September 26, 2022, to shareholders recorded by September 7, 2022. General American Investors aims for long-term capital appreciation with total net assets around $1.0 billion and a liquidation value of its preferred stock at $190 million.

General American Investors Company, as of March 31, 2022, reported net assets applicable to its common stock at $1,233,414,742, a decline from $1,282,788,664 on December 31, 2021. The decrease included a net operational loss of $35,251,461 and a net reduction of $1,939,451 due to stock repurchases. Notable investments included Microsoft, Alphabet, and Apple. The company paid $12,183,010 to shareholders in February 2022 and reported a net loss on investments of (32,918,869).

The Board of Directors of General American Investors Company (GAM) has declared a dividend of $0.371875 per share on its 5.95% cumulative preferred stock, series B. The dividend is payable in cash on June 24, 2022, to shareholders of record as of June 7, 2022. This quarterly distribution covers the accrual period from March 24, 2022, to June 23, 2022. Founded in 1927 and publicly traded since 1930, GAM aims for long-term capital appreciation with net assets of approximately $1.2 billion.

General American Investors Company (GAM) filed its Certified Shareholder Report (Form N-CSR) with the SEC for the year ending December 31, 2021. Key figures include net assets of $1.28 billion and a per share value of $52.59, significantly up from $44.00 in 2020. Net investment income dropped to $562,688 ($0.02/share) from $3.13 million ($0.13/share). The company reported a net gain on investments of $293 million ($12.14/share), up from $73.8 million in 2020. In 2021, GAM repurchased 980,510 shares and aims for long-term capital growth through investments in high-potential companies.