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, 2016. The Form N-CSR contains the Company’s June 30, 2016 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:
6/30/16 | 6/30/15 | |||||
| Net Assets Applicable to Common Stock | $1,052,667,868 | $1,205,272,616 | ||||
| Net Assets Per Common Share | $37.94 | $40.72* | ||||
| Net Investment Income | $5,909,369 | $7,263,861 | ||||
| Per Share | $0.21 | $0.24 | ||||
| Net Gain on Investments | $3,953,468 | $20,437,152 | ||||
| Per Share | $0.29 | $0.90 | ||||
| Common Shares Outstanding | 27,746,519 | 29,602,413 | ||||
| * | After dividends and distributions of $1.15 per share paid in December 2015 and $0.10 per share paid in February 2016. | ||||
The largest stock holdings in the Company’s portfolio as of June 30, 2016 included: The TJX Companies, Republic Services, Arch Capital Group Ltd., Gilead Sciences, and Microsoft.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160801005018/en/
Contacts:
Eugene S. Stark,
212-916-8447
Vice-President, Administration
