GAM News and Press, General American Investors Inc. From 12/16/22

General American Investors Company, Inc. (NYSE: GAM), a closed-end investment company, announced that the price at which shares of its common stock will be issued to stockholders who elected to receive additional shares in payment of the 2022 year-end dividend and distribution on its common stock...

Summary General American Investors (GAM) uses a concentrated investment strategy that dates back to 1927. There are at least 3 other CEFs with that length of history. For investors looking for a fund that consistently provides better results than the SPDR S&P 500 Trust ETF (SP...

Let’s use this November rally to “front-run” even bigger gains in 2023. Our target buys: closed-end funds (CEFs) throwing off high yields and trading at double-digit discounts. We’re keen to move now because, with a 20%+ loss this year, stocks (and the CE...

Summary The Tri-Continental Corporation (TY) is another CEF that dates back to 1929. It seeks to invest in stocks of large-cap companies, but may invest in fixed income assets too. This article covers TY in detail and I compare its results against three other investment choic...

General American Investors ( NYSE: GAM ) declares $1.00/share special dividend . A distribution of $0.87 per share from net long-term capital gains on securities sold. A dividend of $0.13 per share from estimated undistributed net investment income for the full year 20...

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 September 30, 2022 of $967,087,331 as compared with net assets applicable to its common stock ...

Summary SPE comprises a unique blend of investments of other investment companies, SPACs, equity positions and fixed-income holdings. They have recently announced they are suing one of their underlying SPACs. It is a relatively small holding, but it is still a good sign they a...

General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), filed with the U.S. Securities and Exchange Commission (SEC) its Certified Shareholder Report (Form N-CSR) for the six month period ended June 30, 2022. The Form N-CSR ...

Over the last 12 months, the Special Opportunities Fund has suffered less of a decline than the S&P 500 on a total return basis. Performance over 3 years and longer shows clear underperformance compared to the S&P 500. The objective of the fund is to achieve equity like re...

I don’t know if you’ve noticed, but there’s been a flurry of doom-and-gloom articles making the rounds that all preach the same thing: anyone looking to retire now faces a bleak time of it indeed. To that I say: nonsense! Below I’ll show you three closed-...