General American Investors Files Certified Shareholder Report for Year Ended December 31, 2023
The 2023 Annual Report and the Proxy Statement, pertaining to the Company’s Annual Meeting of Stockholders to be held on
The Annual Report indicates that as of and for the year ended:
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2023 |
2022 |
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Net Assets Applicable to Common Stock |
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Per Common Share |
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Net Investment Income |
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Per Common Share |
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( |
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Per Common Share |
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( |
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Common Shares Outstanding |
23,732,324 |
23,979,022 |
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Dividends and Distributions to Common Shareholders |
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Per Common Share |
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Dividends and Distributions to Preferred Shareholders |
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Per Common Share |
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* |
After dividends and distributions of |
** |
After dividends and distributions of |
The Company also reported that it purchased 776,220 shares of its outstanding common stock in the open market during 2023. The Board of Directors has authorized repurchasing common shares when they are trading at a discount in excess of 8%. The Company is also authorized to repurchase up to a remaining 1,601,553 shares of its 5.95% Cumulative Preferred Stock, Series B (symbol GAM Pr B on NYSE) when they are trading at less than
The five largest stock holdings in the Company’s portfolio at
View source version on businesswire.com: https://www.businesswire.com/news/home/20240216612325/en/
Vice-President, Administration
(212) 916-8447
Source: