{"id":772901,"date":"2023-07-27T01:46:04","date_gmt":"2023-07-27T05:46:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/general-american-investors-company-announces-actions-taken-by-the-board-of-directors-6\/"},"modified":"2023-07-27T01:46:04","modified_gmt":"2023-07-27T05:46:04","slug":"general-american-investors-company-announces-actions-taken-by-the-board-of-directors-6","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/general-american-investors-company-announces-actions-taken-by-the-board-of-directors-6\/","title":{"rendered":"General American Investors Company Announces Actions Taken by the Board of Directors"},"content":{"rendered":"

<\/p>\n

General American Investors Company <\/b>Announces Actions Taken by the Board of Directors<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nThe Board of Directors of General American Investors Company, Inc. (NYSE symbol \u2013 GAM), a closed-end investment company, declared on its 5.95% cumulative preferred stock, series B, a dividend and distribution of $0.371875 per share payable in cash on September 25, 2023 to holders of record on September 7, 2023. This quarterly dividend and distribution represents a payment for the accrual period from June 26, 2023 through September 24, 2023. Preferred shareholders will be informed in early 2024 of the taxable portions of the distribution.<\/p>\n

\nGeneral American Investors was founded in 1927, has been publicly traded since its inception and has been listed on the NYSE since 1930. The objective of the Company is long-term capital appreciation through investment in companies with above average growth potential. The Company has total net assets of approximately $1.2 billion applicable to its 23.8 million shares of common stock outstanding as of June 30, 2023. The aggregate liquidation value of the Company\u2019s preferred stock is $190 million (NYSE symbol \u2013 <\/b>GAM Pr B).<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230726067813\/en\/<\/a><\/span><\/p>\n

\nGeneral American Investors Company, Inc.
\n
Eugene S. Stark
\n
Vice-President, Administration
\n
(212) 916-8447<\/p>\n

KEYWORDS:<\/b> United States North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Finance Consulting Business Banking Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

General American Investors Company Announces Actions Taken by the Board of Directors NEW YORK–(BUSINESS WIRE)– The Board of Directors of General American Investors Company, Inc. (NYSE symbol \u2013 GAM), a closed-end investment company, declared on its 5.95% cumulative preferred stock, series B, a dividend and distribution of $0.371875 per share payable in cash on September 25, 2023 to holders of record on September 7, 2023. This quarterly dividend and distribution represents a payment for the accrual period from June 26, 2023 through September 24, 2023. Preferred shareholders will be informed in early 2024 of the taxable portions of the distribution. General American Investors was founded in 1927, has been publicly traded since its inception and has been listed on the … <\/p>\n

Continue reading “General American Investors Company Announces Actions Taken by the Board of Directors”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-772901","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGeneral American Investors Company Announces Actions Taken by the Board of Directors - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/general-american-investors-company-announces-actions-taken-by-the-board-of-directors-6\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"General American Investors Company Announces Actions Taken by the Board of Directors - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"General American Investors Company Announces Actions Taken by the Board of Directors NEW YORK–(BUSINESS WIRE)– The Board of Directors of General American Investors Company, Inc. (NYSE symbol \u2013 GAM), a closed-end investment company, declared on its 5.95% cumulative preferred stock, series B, a dividend and distribution of $0.371875 per share payable in cash on September 25, 2023 to holders of record on September 7, 2023. This quarterly dividend and distribution represents a payment for the accrual period from June 26, 2023 through September 24, 2023. Preferred shareholders will be informed in early 2024 of the taxable portions of the distribution. 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