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.
The Semi-Annual Report indicates that as of or for the six months ended:
|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|
|Net Gain (Loss) on Investments||$44,369,139||($72,426,093)|
|Common Shares Outstanding||30,142,086||30,232,786|
|*||After dividends and distributions of $.43 per share paid in December 2010.|
Securities Transactions and PositionsThe 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.