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, 2018. The Form N-CSR contains the Company’s June 30, 2018 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:
6/30/18 | 6/30/17 | |||||
Net Assets Applicable to Common Stock | $1,051,545,612 | $1,086,484,955 | ||||
Net Assets Per Common Share | $40.82 | $40.52 | ||||
Net Investment Income | $4,762,328 | $5,736,027 | ||||
Per Share | $0.18 | $0.21 | ||||
Net Gain on Investments | $19,078,377 | $82,969,059 | ||||
Per Share | $0.89 | $3.16 | ||||
Common Shares Outstanding | 25,762,058 | 26,811,438 | ||||
* | After dividends and distributions of $3.09 per share paid in December 2017 and $0.50 per share paid in February 2018. | |
The largest stock holdings in the Company’s portfolio as of June 30, 2018 included: The TJX Companies, Republic Services, Microsoft, Alphabet, and ASML Holding N.V.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180802005055/en/
Contacts:
Eugene S. Stark,
212-916-8447
Vice-President, Administration