| GAM: Tech Exposure Could Mean Short-Term Pain |
General American Investors Company is a closed-end fund that has historically outperformed the S&P 500 Index, attracting investors despite being underfollowed and underheld. The fund primarily invests in American common equities, which may face downside risk due to capital outflows from the U.S. and overvaluation concerns. Despite its value-oriented approach, the fund holds significant positions in richly valued mega-cap technology stocks, potentially dragging down performance amid ongoing capital flight. |
seekingalpha.com |
2025-04-19 15:38:13 |
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| GAM: A Value-Oriented Fund With A Strong Performance History |
General American Investors Company has outperformed the S&P 500 Index over the past 30 years, delivering a 3,418.47% total return since 1995. The fund focuses on long-term capital appreciation through a diversified portfolio, with a lower emphasis on the information technology sector compared to the S&P 500. The fund has a very low turnover compared to most, which appears to be the result of a very value-oriented buy-and-hold strategy. |
seekingalpha.com |
2025-02-01 08:03:24 |
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| SPE And PFO: Two 'Buy' Opportunities Based On Attractive Discounts |
Closed-end fund discounts/premiums, due to their structure, allow for potential opportunities to capitalize on mean reversion. CEFs also offer relatively higher distribution yields as they leverage their portfolios and payout sources of income, capital gains and/or return of capital. Today, we are giving SPE and PFO a look; these are two funds that, we believe, are attractively valued and provide monthly distribution to investors. |
seekingalpha.com |
2025-01-21 02:13:49 |
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| General American Investors Announces Issue Price for the 2024 Year-End Dividend and Distribution Payable on December 27, 2024 |
NEW YORK--(BUSINESS WIRE)--General American Investors Company, Inc. (NYSE: GAM), a closed-end investment company, announced that the price at which shares of its common stock will be issued to stockholders who elected to receive additional shares in payment of the 2024 year-end dividend and distribution on its common stock will be $52.26 per share. The issue price represents the average between the high and the low prices on the New York Stock Exchange on December 13, 2024, which was below the. |
businesswire.com |
2024-12-13 19:03:00 |
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| General American Investors Company Announces: Action Taken by the Board of Directors |
NEW YORK--(BUSINESS WIRE)--The Board of Directors of General American Investors Company, Inc., a closed-end investment company whose common and preferred shares are listed on the New York Stock Exchange (NYSE symbols - GAM and GAM Pr B, respectively), renewed authorization for the repurchase of up to 1,601,553 outstanding shares of 5.95% Cumulative Preferred Stock, Series B when the shares are trading at a market price below the liquidation preference of $25 per share. To date, a total of 398,4. |
businesswire.com |
2024-12-04 18:25:00 |
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| 5 Best CEFs This Month For 8.5% Yield (November 2024) |
For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds. |
seekingalpha.com |
2024-11-24 11:30:00 |
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| GAM: Moving To Hold After The Run-Up (Rating Downgrade) |
General American Investors has outperformed the S&P 500 by over 25% since our last coverage, driven by a tightening discount to NAV and portfolio outperformance. GAM's portfolio mimics the S&P 500 but with only 70 stocks, focusing on NAV growth and a 5% distribution yield. The current market conditions and GAM's stretched valuation metrics prompt us to downgrade the fund from 'Buy' to 'Hold'. |
seekingalpha.com |
2024-10-08 22:13:41 |
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| The 3 Best Big Closed-End Funds Of 2024 |
Sometimes as income investors we face a situation that sounds like a good problem to have: We have to pick among a group of very impressive investments! |
forbes.com |
2024-09-17 14:24:00 |
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| How These 8.3% CEFs Soared Double Digits |
We're a little more than halfway through the year now, so it's a great time to check the state of play on our favorite high-yield plays: 8%+ paying closed-end funds (CEFs). |
forbes.com |
2024-07-30 11:15:00 |
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| The 'Undercovered' Dozen From June 1-6 |
The "Undercovered" Dozen highlights twelve ideas from the previous month on stocks with limited coverage. Biotechs CRISPR Therapeutics, Voyager Therapeutics, and Alnylam Pharmaceuticals are covered along with Enovix, Uranium Royalty, Clover Health, and Haliburton. Many of the ideas included have not been discussed in months on the site. One of the ideas is actually first-ever coverage for this ticker. |
seekingalpha.com |
2024-06-07 22:26:03 |
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| GAM: Very Attractive 18% Discount, Variable Income, And Solid Past Performance |
General American Investors Co. Inc. is a closed-end fund that invests in a diversified pool of equities of mostly large-cap U.S. listed stocks. The GAM CEF uses nearly 12% leverage in the form of preferred shares, for which it pays 5.95% in distributions quarterly. GAM's past performance is solid, especially the long-term performance. In some ways, this fund is a proxy for the S&P 500 Index in terms of capital appreciation with the benefit of significant income, though variable from year to year. |
seekingalpha.com |
2024-06-02 13:00:00 |
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| General American Investors Reports Net Assets as of March 31, 2024 |
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 March 31, 2024 of $1,346,421,659 as compared with net assets applicable to its common stock of $1,233,031,938 at December 31, 2023. The value at March 31, 2024 reflects an increase in net assets resulting from operations for the three-month period then ended of $119,893,493 and a net d. |
businesswire.com |
2024-05-03 20:25:00 |
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| General American Investors Company, Inc. Quarterly Dividend and Distribution on 5.95% Preferred Stock |
NEW YORK--(BUSINESS WIRE)--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, 2024 to holders of record on June 7, 2024. This quarterly dividend and distribution represents a payment for the accrual period from March 25, 2024 through June 23, 2024. Preferred shareho. |
businesswire.com |
2024-04-24 20:25:00 |
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| Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of General American Investors, Inc. (GAM) Investigation |
NEW YORK--(BUSINESS WIRE)---- $GAM #classaction--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of General American Investors, Inc. (“General American Investors” or “the Company”) (NYSE: GAM). Investors who purchased General American Investors securities prior to February 9, 2024, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/GAM. Investig. |
businesswire.com |
2024-03-01 11:02:00 |
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| General American Investors Company Announces Action Taken by the Board of Directors |
NEW YORK--(BUSINESS WIRE)--The Board of Directors authorized the repurchase of an additional 1,000,000 outstanding shares of common stock when the shares are trading at a discount from the underlying net asset value by at least 8%. This continues a repurchase program which began in March 1995. Through December 31, 2023, the Company has repurchased 32.5 million shares of common stock for a cost of $1 billion at an average discount of 14.1%. General American Investors was founded in 1927, has bee. |
businesswire.com |
2024-01-25 18:25:00 |
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| General American Investors Company Preferred Stock – Dividend/Distribution |
NEW YORK--(BUSINESS WIRE)--The Board of Directors of General American Investors Company, Inc. (NYSE symbol – GAM), a closed-end investment company, declared on its 5.95% cumulative preferred stock, series B, a dividend and distribution of $0.371875 per share payable in cash on March 25, 2024 to holders of record on March 7, 2024. This quarterly dividend and distribution represents a payment for the accrual period from December 26, 2023 through March 24, 2024. Preferred shareholders will be info. |
businesswire.com |
2024-01-24 18:25:00 |
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| GAM: A Robust Way To Extract Equity Dividends In A Low VIX Environment |
Most equity closed-end funds (CEFs) tracking the S&P 500 have underperformed due to options utilization in extracting dividends. General American Investors (GAM), an equity CEF that does not use covered calls, has been able to fully match the index in the past year. GAM's reliable and transparent performance, along with its low VIX level, make it an attractive alternative to other equity CEFs. |
seekingalpha.com |
2024-01-18 01:05:07 |
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| General American Investors Announces Issue Price for the 2023 Year-End Dividend and Distribution Payable on December 28, 2023 |
NEW YORK--(BUSINESS WIRE)--General American Investors Company, Inc. (NYSE: GAM), a closed-end investment company, announced that the price at which shares of its common stock will be issued to stockholders who elected to receive additional shares in payment of the 2023 year-end dividend and distribution on its common stock will be $42.44 per share. The issue price represents the average between the high and the low prices on the New York Stock Exchange on December 15, 2023, which was below the. |
businesswire.com |
2023-12-15 19:09:00 |
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| General American Investors Company Announces Action Taken by the Board of Directors |
NEW YORK--(BUSINESS WIRE)--The Board of Directors of General American Investors Company, Inc., a closed-end investment company whose common and preferred shares are listed on the New York Stock Exchange (NYSE symbols - GAM and GAM Pr B, respectively), announced the retirement of Ms. Linda J. Genid, Corporate Secretary of the Company, as of December 31st and that Ms. Connie A. Santa Maria will succeed her in such capacity. The Board expressed its sincere appreciation to Ms. Genid for the loyalty. |
businesswire.com |
2023-12-07 18:25:00 |
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| General American Investors Company Announces: Actions Taken by the Board of Directors |
NEW YORK--(BUSINESS WIRE)--The Board of Directors of General American Investors Company, Inc., a closed-end investment company whose common and preferred shares are listed on the New York Stock Exchange (NYSE symbols - GAM and GAM Pr B, respectively), renewed authorization for the repurchase of up to 1,601,553 outstanding shares of 5.95% Cumulative Preferred Stock, Series B when the shares are trading at a market price below the liquidation preference of $25 per share. To date, a total of 398,4. |
businesswire.com |
2023-12-06 18:25:00 |
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| General American Investors Company Announces Actions Taken by the Board of Directors |
NEW YORK--(BUSINESS WIRE)--The Board of Directors of General American Investors Company, Inc. (NYSE symbol – GAM), a closed-end investment company, declared on its 5.95% cumulative preferred stock, series B, a dividend and distribution of $0.371875 per share payable in cash on September 25, 2023 to holders of record on September 7, 2023. This quarterly dividend and distribution represents a payment for the accrual period from June 26, 2023 through September 24, 2023. Preferred shareholders will. |
businesswire.com |
2023-07-26 20:35:00 |
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| GAM: Might Need A Change In Managers |
GAM: Might Need A Change In Managers |
seekingalpha.com |
2023-04-19 17:38:29 |
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| GAM: Plodding Along |
General American Investors is an equity-focused CEF. The fund has a Large Cap/Growth tilt to its portfolio composition. |
seekingalpha.com |
2023-02-01 08:41:34 |
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