General American Investors:GAM

    Manage Alerts

    Overview

    As of 12/2/2024

     Share
    Price
    NAVPremium/
    Discount
    Current$51.70$59.90-13.69%
    52 Wk Avg$48.23$58.01-16.91%
    52 Wk High$55.44$64.03-13.03%
    52 Wk Low$41.11$50.14-19.09%
    Regular Distribution TypeIncome Only
    Distribution Rate8.70%
    Distribution Amount$4.5000
    Distribution FrequencyAnnually
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The primary objective of the Company is long-term capital appreciation. Lesser emphasis is placed on current income. In seeking to achieve its primary objective, the Company invests principally in common stocks believed by its management to have better than average growth potential.

    Capital Structure

    As of 12/2/2024

    Total Investment Exposure:$1,586.537M
    Total Common Assets:$1,396.498M
    Common Shares Outstanding:23,313,823
    Leverage

    As of 12/2/2024

    Preferred Share Assets: $190.039M
    Total Debt (USD):
    Regulatory Leverage (USD): $190.039M
    Effective Leverage (USD): $190.039M
    Effective Leverage (%): 11.98%
    Annual Expense Ratios

    As of 12/31/2023

      Per Common Share
    Management FeesN/A
    Other Expenses:N/A
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 1.35%
    Fund Management

    Fund Sponsor
    General American Investors Co Inc

    Portfolio Managers
    Jeffrey W. Priest

    Basics
    Category: Equity-U.S. Equity
    Ticker: GAM
    NAV Ticker: XGAMX
    Average Daily Volume (shares): 28,291
    Average Daily Volume (USD): $1.382M
    Inception Date: 2/1/1927
    Inception Share Price: $10.00
    Inception NAV: $0.00
    Tender Offer: No
    Term: No
    Fiscal Year End: December 31
    Third Party Links & Reports

    Distributions

    As of 12/2/2024

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 6/30/2024
    $0.0037
    Annualized Distribution Rate on NAV:
    As of 12/2/2024
    7.51%
    Total Return on NAV (12 months):
    As of 12/2/2024
    27.70%
    Total % Portfolio Effectively Leveraged:
    As of 12/2/2024
    11.98%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 12/3/2024

    PeriodAvg Discount
    6 Month-15.73%
    1 Year-16.91%
    3 Year-16.82%
    5 Year-16.41%
    Z-Score

    As of 12/2/2024

    PeriodZStat
    3 Month1.85
    6 Month1.47
    1 Year2.05
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 11/30/2024
    Category: Morningstar US CEF US Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD30.56%24.26%25.84%21.06%
    202326.78%25.93%15.59%17.84%
    2022-14.97%-14.63%-20.28%-16.72%
    202127.96%27.19%31.33%22.95%
    20205.73%6.46%8.80%9.76%
    201941.71%33.87%32.25%27.32%
    2018-10.22%-8.32%-11.89%-10.13%
    201721.38%16.62%22.72%19.06%
    20168.18%8.21%13.79%12.38%
    2015-5.41%-2.25%-7.45%-6.29%
    20149.33%5.21%24.05%7.38%
    201334.23%32.27%37.23%30.01%
    201220.18%16.78%16.19%14.79%
    2011-5.26%-3.03%  
    201016.24%15.06%  
    200936.86%30.66%  
    2008-48.18%-42.34%  
    20078.79%8.06%  
    200616.78%12.14%  
    200517.39%16.20%  
    20048.85%10.37%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 11/30/2024
    Category: Morningstar US CEF US Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 6/30/2023
    66
    Annual Portfolio Turnover:
    As of 12/31/2023
    15.09%
    Asset Allocation

    As of 6/30/2023

    Top Sectors

    As of 6/30/2023

    Sector%Portfolio
    Sensitive (Super Sector)49.16%
    Cyclical (Super Sector)33.81%
    Technology25.26%
    Financial Services19.54%
    Defensive (Super Sector)18.15%
    Cash Equivalents (Super Sector)11.05%
    Cash Equivalents11.05%
    Industrials10.38%
    Consumer Cyclical10.00%
    Consumer Defensive9.68%
    Top Holdings

    As of 6/30/2023

    HoldingValue% Portfolio
    Republic Services Inc$80.40M6.70%
    Microsoft Corp$73.22M6.10%
    Apple Inc$62.26M5.19%
    Arch Capital Group Ltd$58.10M4.84%
    ASML Holding NV ADR$57.69M4.81%
    Berkshire Hathaway Inc Class A$56.96M4.75%
    Alphabet Inc Class C$55.64M4.64%
    TJX Companies Inc$44.52M3.71%
    Everest Group Ltd$44.17M3.68%
    Other Liability$-210.09M-17.51%
    Credit Quality

    As of 6/30/2023

    Country Allocation

    As of 6/30/2023

    Country% Portfolio
    United States - Equity83.42%
    Canada - Equity5.10%
    Netherlands - Equity4.81%
    Switzerland - Equity3.26%
    United Kingdom - Equity2.88%
    Germany - Equity1.08%
    France - Equity0.56%
    Israel - Equity0.02%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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