General American Investors : Net Assets as of March 31, 2021
May 03, 2021 at 05:25 pm EDT
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For:
General American Investors Company, Inc.
530 Fifth Avenue
New York, NY 10036
Company Contact:
Eugene S. Stark
May 3, 2021
Vice-President, Administration
For Immediate Release
(212) 916-8447
GENERAL AMERICAN INVESTORS REPORTS
NET ASSETS AS OF MARCH 31, 2021
NEW YORK - May 3 - 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 March 31, 2021 of $1,135,515,720 as compared with net assets
applicable to its common stock of $1,087,971,063 at December 31, 2020. The value at March 31, 2021 reflects a increase in net assets resulting from operations for the three-month period then ended of $66,566,835, a decrease of $12,873,118 reflecting the cost of repurchasing 334,842 shares of the Company's common stock, and a distribution of $6,149,060 to common shareholders paid on February
19, 2021.
The first quarter report indicates that as of and for the three months ended:
3/31/21
3/31/20
Net Assets Applicable to Common Stock
$1,135,515,720
$813,940,783
Per Common Share
$46.55*
$33.03
Net Investment Income
$35,300
$1,523,030
Per Common Share
$0.00
$0.06
Net Loss/Gain on Investments
69,359,528
-262,645,053
Per Common Share
$2.92
-$10.62
Common Shares Outstanding
24,393,364
24,644,062
Dividends and Distributions to Preferred Stockholders
$2,827,993
$2,827,993
Per Common Share
$0.12
$0.11
*After dividends and distributions of $2.50 per share paid in December, 2020 and $0.25 per share paid in February, 2021.
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The five largest stock holdings in the Company's portfolio at March 31, 2021 included Microsoft, Republic Services, Alphabet, ASML Holding, and Berkshire Hathaway.
The quarterly report to stockholders also contains a report on the results of the annual meeting of stockholders, market commentary, and changes in portfolio holdings during the quarter ended March 31, 2021.
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.
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General American Investors Company Inc. published this content on 03 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 May 2021 21:24:00 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.