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, 2019. The Form N-CSR contains the Company’s June 30, 2019, Semi-Annual Report and is available at the SEC’s website: www.sec.gov and the Company’s website: www.generalamericaninvestors.com. The Semi-Annual Report is expected to be mailed to stockholders shortly.
The Semi-Annual Report indicates that as of or for the six months ended:
| 6/30/19 | 6/30/18 | ||
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Net Assets Applicable to Common Stock | $1,057,455,839 | $1,051,545,612 | ||
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Net Assets Per Common Share | $42.33 | $40.82* | ||
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Net Investment Income | $4,770,343 | $4,762,328 | ||
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Per Share | $0.19 | $0.18 | ||
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Net Gain on Investments | $194,978,202 | $19,078,377 | ||
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Per Share | $7.85 | $0.89 | ||
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Common Shares Outstanding | 24,978,532 | 25,762,058 | ||
* | After dividends and distributions of $2.25 per share paid in December 2018. |
The largest stock holdings in the Company’s portfolio as of June 30, 2019, included: The TJX Companies, Republic Services, Microsoft, Arch Capital Group, and Alphabet.
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Company:
Eugene S. Stark
Vice-President, Administration
(212) 916-8447