General American Investors Company, Inc. (the "Company"), a closed-end investment company listed on the New York Stock Exchange (ticker: GAM), today announced that it provided its shareholders with notice of a change in location for its 2020 Annual Meeting of Stockholders through the filing of additional materials with the Securities and Exchange Commission.
Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]
Most closed end funds ("CEFs") trade at a discount to NAV, and in some cases, at substantial discounts of 15%-20%, explains George Putnam, editor of The Turnaround Letter.
Current board chairman David Calhoun will become the company's new CEO and president starting Jan. 13.
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 June 24, 2020 to holders of record on June 8, 2020. This quarterly dividend and distribution represents a payment for the accrual period from March 24, 2020 through June 23, 2020. Preferred shareholders will be informed in early 2021 of the taxable portions of the distribution.
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, 2020 of $813,940,783 as compared with net assets applicable to its common stock of $1,081,697,614 at December 31, 2019. The value at March 31, 2020 reflects a decrease in net assets resulting from operations for the three-month period then ended of $263,950,016, and a decrease of $3,806,815 reflecting the cost of repurchasing 109,129 shares of the Company’s common stock.
Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years. However, hedge funds are generally partially hedged and aim at […]
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of General American Investors Company, Inc. New York, January 27, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of General American Investors Company, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.