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General American Investors Files Certified Shareholder Report for Period Ended June 30, 2019

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, 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

 

 

 

 

 

Net Assets Applicable to Common Stock

 

$1,057,455,839

 

$1,051,545,612

 

 

 

 

 

Net Assets Per Common Share

 

$42.33

 

$40.82*

 

 

 

 

 

Net Investment Income

 

$4,770,343

 

$4,762,328

 

 

 

 

 

Per Share

 

$0.19

 

$0.18

 

 

 

 

 

Net Gain on Investments

 

$194,978,202

 

$19,078,377

 

 

 

 

 

Per Share

 

$7.85

 

$0.89

 

 

 

 

 

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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