General American Investors Reports Net Assets as of September 30, 2023


NEW YORK--(BUSINESS WIRE)-- 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 September 30, 2023 of $1,163,954,850 as compared with net assets applicable to its common stock of $1,041,159,645 at December 31, 2022. The value at September 30, 2023 reflects an increase in net assets resulting from operations for the nine-month period of $141,419,172, a reduction of $18,623,967 representing the cost of repurchasing 456,016 shares of the Company’s common stock.

Net asset value per share of common stock at September 30, 2023 was $49.48, as compared with $43.42 per share at December 31, 2022.

The third quarter report indicates that as of and for the nine months ended:







Net Assets Applicable to Common Stock



Per Common Share






Net Investment Income



Per Common Share






Net Gain (Loss) on Investments



Per Common Share






Dividends and Distributions to Preferred Stockholders



Per Common Share






Dividends and Distributions to Common Stockholders



Per Common Share






Common Shares Outstanding




After dividends and distributions of $1.00 per share paid to common stockholders in December 2022.

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

Eugene S. Stark, Vice-President Administration (212) 916-8447

Source: General American Investors Company, Inc.

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