General American Investors Company Preferred Stock – Dividend/Distribution
January 25 2023 - 3:25PM
Business Wire
The Board of Directors of General American Investors Company,
Inc. (NYSE symbol – GAM), a closed-end investment company, declared
on its 5.95% cumulative preferred stock, series B, a dividend and
distribution of $0.371875 per share payable in cash on March 24,
2023 to holders of record on March 7, 2023. This quarterly dividend
and distribution represents a payment for the accrual period from
December 27, 2022 through March 23, 2023. Preferred shareholders
will be informed in early 2024 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 total net assets of approximately
$1.1 billion applicable to its 24.0 million shares of common stock
outstanding. The aggregate liquidation value of the Company’s
preferred stock is $190 million (NYSE symbol – GAM Pr
B).
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Eugene S. Stark Vice-President, Administration (212)
916-8447
General American Investors (NYSE:GAM)
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