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Stock Market & Financial Investment News

News Breaks
December 9, 2012
12:14 EDTGAMGeneral American Investors announces dividend/distribution details
General American Investors announced that the price at which shares of its common stock will be issued to stockholders who elected to receive additional shares in payment of the 2012 year-end dividend and distribution on its common stock will be $28.135 per share. The issue price represents the average between the high and the low prices on the New York Stock Exchange on December 7, 2012, which was below the net asset value of $33.30 per share on that date. The dividend and distribution is payable on December 28. As announced on November 7, the dividend and distribution amounts to $1.40 per share in the aggregate and consist of: A distribution of $1.23 per share from net long-term capital gains on securities sold. A dividend and distribution of 17c per share from estimated accumulated undistributed income for the full year 2012 and net short-term gains on securities sold.
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October 20, 2014
16:03 EDTGAMGeneral American Investors reports net assets of $1.28B at September 30
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