NEW YORK--(BUSINESS WIRE)--
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, 2024. The Form N-CSR contains the Company’s June 30, 2024 Semi-Annual Report and is available at the SEC’s website: and the Company’s website: . 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:
|
6/30/24 |
6/30/23 |
|
|
|
Net Assets Applicable to Common Stock |
$1,402,088,131 |
$1,200,083,087 |
|
|
|
Net Assets Per Common Share |
$60.14* |
$50.48 |
|
|
|
Net Investment Income |
$5,740,826 |
$6,013,170 |
|
|
|
Per Share |
$0.25 |
$0.25 |
|
|
|
Net Gain on Investments |
188,287,805 |
166,692,175 |
|
|
|
Per Share |
$8.17 |
$7.05 |
|
|
|
Common Shares Outstanding |
23,313,823 |
23,775,433 |
* |
After a distribution of $2.01 per share from net long-term capital gains and a dividend of $0.64 per share paid in December 2023. |
The largest stock holdings in the Company’s portfolio as of June 30, 2024, included: Microsoft, Republic Services, Alphabet, ASML Holding, and Berkshire Hathaway.
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