General American Investors Company, Inc. Quarterly Dividend and Distribution on 5.95% Preferred Stock
24 Juli 2024 - 10:25PM
Business Wire
The Board of Directors of General American Investors Company,
Inc. (NYSE symbol – GAM), a closed-end investment company, declared
on its 5.95% cumulative preferred stock, series B, a dividend and
distribution of $0.371875 per share payable in cash on September
24, 2024 to holders of record on September 9, 2024. This quarterly
dividend and distribution represents a payment for the accrual
period from June 24, 2024 through September 23, 2024. Preferred
shareholders will be informed in early 2025 of the taxable portions
of the distribution.
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. The Company has total net assets of approximately
$1.4 billion applicable to its 23.3 million shares of common stock
outstanding as of June 30, 2024. The aggregate liquidation value of
the Company’s preferred stock is $190 million (NYSE symbol – GAM Pr
B).
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Eugene S. Stark Vice-President, Administration (212)
916-8447
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