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, 2020. The Form N-CSR contains the Company’s June 30, 2020 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:
| 6/30/20 |
| 6/30/19 | |
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Net Assets Applicable to Common Stock | $949,029,117 |
| $1,057,455,839 | |
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Net Assets Per Common Share | $38.51 |
| $42.33 | |
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Net Investment Income | $3,590,316 |
| $4,770,343 | |
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Per Share | $0.15 |
| $0.19 | |
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Net Loss/Gain on Investments | ($126,796,012) |
| $194,978,202 | |
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Per Share | ($5.11) |
| $7.85 | |
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Common Shares Outstanding | 24,644,062 |
| 24,978,532 |
* | After dividends and distributions of $2.45 per share paid in December 2019. |
The largest stock holdings in the Company’s portfolio as of June 30, 2020, included: Microsoft, Republic Services, Amazon, ASML Holding, and Alphabet.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200803005761/en/
Company Contact:
Eugene S. Stark
Vice-President, Administration
(212) 916-8447