Dividends and distributions paid for 2021 by General American Investors Company, Inc. on shares of its Common and Preferred Stock should be reported for Federal income tax purposes as follows:
Amount Per Share
Taxable as:
Ordinary
Qualified
Capital Gain
Record Date
Payment Date
Total
Dividends (a)
Dividends (b)
Distributions (c)
COMMON STOCK:
November 16, 2020
December 30, 2020
$2.50000
$0.147490
$0.147490
$2.352510
PREFERRED STOCK:
March 9, 2020
March 24, 2020
$0.371875
$0.021939
$0.021939
$0.349936
June 8, 2020
June 24 2020
$0.371875
$0.021939
$0.021939
$0.349936
September 8, 2020
September 24, 2020
$0.371875
$0.021939
$0.021939
$0.349936
December 7, 2020
December 24, 2020
$0.371875
$0.021939
$0.021939
$0.349936
The total of Ordinary Dividends, including Qualified Dividends, are included in Box 1a of Form 1099-DIV.
A subset of Ordinary Dividends included in Box 1b of form 1099-DIV.
Designated as a "Capital Gain Dividend" and included in Box 2a of Form 1099-DIV.
The Ordinary Dividends paid to Preferred Stockholders during 2020 and to Common Stockholders on December 30, 2020 qualify to the extent of 50% for the dividends received deduction allowed corporations.
Dividends and distributions paid on shares of Common Stock are taxable as indicated above whether the stockholder chose to receive them in additional shares of stock or in cash. For stockholders who received additional shares in payment of the December distribution, the cost basis is $36.825 per share and the holding period for such stock began on December 30, 2020.
We are not permitted to provide tax advice. For further assistance, we suggest that you contact your tax adviser.
During 2020, the Company made no investment in direct obligations of the U.S. Government.
WE SUGGEST THAT YOU KEEP THIS NOTICE AND THE ACCOMPANYING FORM 1099-DIV FOR USE IN PREPARING YOUR FEDERAL TAX RETURN FOR 2020.
SAMANTHA X. JIN
TREASURER
U:WDFILESELDPRINTINGTXNOTICEJan2021.doc
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General American Investors Company Inc. published this content on 15 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 January 2021 16:01:02 UTC
General American Investors Company, Inc. is a closed-end, diversified management investment company. The primary investment objective of the Company is long-term capital appreciation. The Company seeks investments worldwide in public and private companies. The Company invests in various industry sectors, such as information technology, financials, consumer discretionary, healthcare, consumer staples, industrials, communication services, energy, materials and other. The Companyâs portfolio includes Republic Services, Inc., Microsoft Corporation, Arch Capital Group Ltd., Alphabet Inc., Berkshire Hathaway Inc., Apple Inc., Everest Group, Ltd., The TJX Companies, Inc., ASML Holding N.V. and Nestle S.A.
GENERAL AMERICAN INVESTORS COMPANY, INC. 
