General American Investors Co. Inc. : Quarterly Dividend and Distribution on Preferred Stock
January 18, 2012 at 04:43 pm EST
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For: General American Investors Company, Inc.
100 Park Avenue
New York, New York 10017
Company Contact: Eugene S. Stark
Vice-President, Administration
January 18, 2012
(212) 916-8447 For Immediate Release
GENERAL AMERICAN INVESTORS COMPANY
QUARTERLY DIVIDEND AND DISTRIBUTION ON 5.95% PREFERRED STOCK
NEW YORK - January 18 - The Board of Directors of General
American Investors Company, Inc., a closed-end investment
company listed on the New York Stock Exchange (GAM), declared
on its 5.95% cumulative preferred stock, series B, a dividend
and distribution of $0.371875 per share payable in cash on
March 26, 2012 to holders of record on March 7, 2012. This
quarterly dividend and distribution represents a payment for
the accrual period from December 27, 2011 through March 25,
2012. Preferred shareholders will be informed in early 2013
of the taxable portions of the distribution.
General American Investors was founded in 1927, has been
publicly traded since its inception and has been listed on
the NYSE since 1930. The objective of the Company is
long-term capital appreciation through investment in
companies with above average growth potential. The Company
has net assets of approximately $887 million applicable to
its 29.8 million shares of common stock outstanding. The
aggregate liquidation value of the Company's preferred stock
is $190 million. Its preferred shares (symbol GAM Pr B) are
also listed on the NYSE.
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Quarterly Dividend and Distribution on Preferred Stock
General American Investors Company, Inc. is a closed-end, diversified management investment company. The primary investment objective of the Company is long-term capital appreciation. The Company seeks investments worldwide in public and private companies. The Company invests in various industry sectors, such as information technology, financials, consumer discretionary, healthcare, consumer staples, industrials, communication services, energy, materials and other. The Companyâs portfolio includes Republic Services, Inc., Microsoft Corporation, Arch Capital Group Ltd., Alphabet Inc., Berkshire Hathaway Inc., Apple Inc., Everest Group, Ltd., The TJX Companies, Inc., ASML Holding N.V. and Nestle S.A.