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General American Investors Files Certified Shareholder Report For Period Ended June 30, 2011

Stocks in this article: GAM

General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), filed with the U.S. Securities and Exchange Commission (SEC) its Certified Shareholder Report (Form N-CSR) for the six month period ended June 30, 2011. The Form N-CSR contains the Company’s June 30, 2011 Semi-Annual Report and is available at the SEC’s website: www.sec.gov and the Company’s website: www.generalamericaninvestors.com. The Semi-Annual Report is expected to be mailed to stockholders shortly.

Financial Information

The Semi-Annual Report indicates that as of or for the six months ended:

         

6/30/11

         

6/30/10

 
Net Assets Applicable to Common Stock $983,696,903 $759,358,271
 
Net Assets Per Common Share $32.64* $25.12
 
Net Investment Gain $2,058,149 $2,289,185
 
Per Share $.07 $.08
 
Net Gain (Loss) on Investments $44,369,139 ($72,426,093)
 
Per Share $1.50 ($2.25)
 
Common Shares Outstanding 30,142,086 30,232,786
 
* After dividends and distributions of $.43 per share paid in December 2010.
 

Securities Transactions and Positions

The Company reported that it made a new commitment during the second quarter of 2011 in Amgen. In addition, it increased its holdings in Alpha Natural Resources, JPMorgan Chase and Nelnet.

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