General American Investors : Quarterly Dividend and Distribution on Preferred Stock
April 28, 2021 at 05:21 pm EDT
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General American Investors Company, Inc.
530 Fifth Avenue
New York, New York 10036
Company Contact:
Eugene S. Stark
April 28, 2021
Vice-President, Administration
(212) 916-8447
For Immediate Release
GENERAL AMERICAN INVESTORS COMPANY, INC.
QUARTERLY DIVIDEND AND DISTRIBUTION ON 5.95% PREFERRED STOCK
NEW YORK - April 28 - The Board of Directors of General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), declared on its 5.95% cumulative preferred stock, series B, a dividend and distribution of $0.371875 per share payable in cash on June 24, 2021 to holders of record on June 7, 2021. This quarterly dividend and distribution represents a payment for the accrual period from March 24, 2021 through June 23, 2021. Preferred shareholders will be informed in early 2022 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 net assets of approximately $856 million applicable to its 24.6 million shares of common stock outstanding. The aggregate liquidation value of the Company's preferred stock is $190 million. Its preferred shares (symbol GAM Pr B) are also listed on the NYSE.
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General American Investors Company Inc. published this content on 28 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2021 21:20:09 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.