General American Investors Files Certified Shareholder Report for Period Ended June 30, 2023

General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), filed with the U.S. Securities and Exchange Commission (SEC) its Certified Shareholder Report (Form N-CSR) for the six month period ended June 30, 2023. The Form N-CSR contains the Company’s June 30, 2023 Semi-Annual Report and is available at the SEC’s website: www.sec.gov and the Company’s website: www.generalamericaninvestors.com. The Semi-Annual Report is expected to be mailed to stockholders shortly.

The Semi-Annual Report indicates that as of or for the six months ended:

 

6/30/23

6/30/22

 

 

 

Net Assets Applicable to Common Stock

$1,200,083,087

$1,007,632,841

 

 

 

Net Assets Per Common Share

$50.48*

$42.03

 

 

 

Net Investment Income

$6,013,170

$2,586,971

 

 

 

Per Share

$0.25

$0.10

 

 

 

Net Loss/Gain on Investments

166,692,175

($244,029,899)

 

 

 

Per Share

$7.05

($9.93)

 

 

 

Common Shares Outstanding

23,775,433

23,975,610

*

After dividends and distributions of $1.00 per share paid in December 2022.

The largest stock holdings in the Company’s portfolio as of June 30, 2023, included: Republic Services, Microsoft, Apple, Arch Capital, and ASML Holding.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230803716668/en/

Company Contact:

Eugene S. Stark Vice-President, Administration [phone]