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: 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:
6/30/24 | 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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