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:
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6/30/24
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6/30/23
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Net Assets Applicable to Common Stock
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$1,402,088,131
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$1,200,083,087
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Net Assets Per Common Share
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$60.14*
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$50.48
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Net Investment Income
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$5,740,826
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$6,013,170
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Per Share
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$0.25
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$0.25
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Net Gain on Investments
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188,287,805
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166,692,175
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Per Share
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$8.17
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$7.05
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Common Shares Outstanding
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23,313,823
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23,775,433
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*
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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.
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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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