Sign In  |  Register  |  About Daly City  |  Contact Us

Daly City, CA
September 01, 2020 1:20pm
7-Day Forecast | Traffic
  • Search Hotels in Daly City

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

General American Investors Reports Net Assets as of March 31, 2023

General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), reported net assets applicable to the Company’s common stock as of March 31, 2023 of $1,117,915,278 as compared with net assets applicable to its common stock of $1,041,159,645 at December 31, 2022. The value at March 31, 2023 reflects a increase in net assets resulting from operations for the three-month period then ended of $77,481,168 and a net decrease of $725,535 reflecting the net cost of repurchasing 19,246 shares of the Company’s common stock.

The first quarter report indicates that as of and for the three months ended:

 

3/31/23

3/31/22

 

 

 

Net Assets Applicable to Common Stock

$1,117,915,278

$1,233,414,742

Per Common Share

$46.66*

$50.66

 

 

 

Net Investment Income

$2,209,233

$495,401

Per Common Share

$0.09

$0.02

 

 

 

Net Gain/Loss on Investments

78,099,928

(32,918,869)

Per Common Share

$3.27

($1.33)

 

 

 

Common Shares Outstanding

23,959,776

24,345,098

 

 

 

Dividends and Distributions to Preferred Stockholders

$2,827,993

$2,827,993

Per Common Share

$0.12

$0.12

 

 

 

*After dividends and distributions of $1.00 per share paid in December, 2022.

The five largest stock holdings in the Company’s portfolio at March 31, 2023 included Republic Services, Microsoft, Arch Capital, ASML Holding, and Apple.

The quarterly report to stockholders also contains a report on the results of the annual meeting of stockholders, market commentary, and changes in portfolio holdings during the quarter ended March 31, 2023.

For more current information concerning the Company’s net asset value per common share and market price, please visit the Company’s website at: www.generalamericaninvestors.com.

Contacts

Eugene S. Stark

Vice-President, Administration

(212) 916-8447

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 DalyCity.com & California Media Partners, LLC. All rights reserved.