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 contains the Company’s June 30, 2022 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:
| 6/30/22 | 6/30/21 |
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Net Assets Applicable to Common Stock | $1,007,632,841 | $1,227,414,148 |
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Net Assets Per Common Share | $42.03 | $50.76 |
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Net Investment Income | $2,586,971 | $769,204 |
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Per Share | $0.10 | $0.03 |
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Net Loss/Gain on Investments | ($244,029,899) | $172,290,450 |
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Per Share | ($9.93) | $7.21 |
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Common Shares Outstanding | 23,975,610 | 24,181,874 |
* | After dividends and distributions of $3.05 per share paid in December 2021 and $0.50 per share paid in February 2022. |
The largest stock holdings in the Company’s portfolio as of June 30, 2022, included: Republic Services, Microsoft, Alphabet, Berkshire Hathaway, and Apple.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220805005019/en/
Eugene S. Stark
Vice-President, Administration
(212) 916-8447