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GAM General American Investors Company Inc

53.02
-0.24 (-0.45%)
25 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
General American Investors Company Inc NYSE:GAM NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.24 -0.45% 53.02 53.10 52.93 53.10 14,514 01:00:00

General American Investors Reports Net Assets as of September 30, 2023

31/10/2023 8:15pm

Business Wire


General American Investors (NYSE:GAM)
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General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), reported net assets applicable to the Company’s common stock as of September 30, 2023 of $1,163,954,850 as compared with net assets applicable to its common stock of $1,041,159,645 at December 31, 2022. The value at September 30, 2023 reflects an increase in net assets resulting from operations for the nine-month period of $141,419,172, a reduction of $18,623,967 representing the cost of repurchasing 456,016 shares of the Company’s common stock.

Net asset value per share of common stock at September 30, 2023 was $49.48, as compared with $43.42 per share at December 31, 2022.

The third quarter report indicates that as of and for the nine months ended:

 

9/30/2023

9/30/2022

 

 

 

Net Assets Applicable to Common Stock

$1,163,954,850

$967,087,331

Per Common Share

$49.48*

$40.43

 

 

 

Net Investment Income

$8,562,530

$4,117,537

Per Common Share

$0.36

$0.16

 

 

 

Net Gain (Loss) on Investments

$141,340,621

($281,315,175)

Per Common Share

$6.06

($11.47)

 

 

 

Dividends and Distributions to Preferred Stockholders

$8,483,979

$8,483,979

Per Common Share

$0.36

$0.35

 

 

 

Dividends and Distributions to Common Stockholders

$0.00

$12,183,010

Per Common Share

$0.00

$0.50

 

 

 

Common Shares Outstanding

23,523,006

23,921,324

*

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

For more current information concerning the Company’s net asset value per common share and market price, please visit the Company’s website at: www.generalamericaninvestors.com.

Eugene S. Stark, Vice-President Administration (212) 916-8447

1 Year General American Investors Chart

1 Year General American Investors Chart

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1 Month General American Investors Chart