- A distribution of $2.79 per share from net long-term capital gains on securities sold.
- A dividend of $0.29 per share from estimated undistributed net investment income for the full year 2016.
|1.||Receive additional full and fractional shares of the Company's common stock for the combined total dividend and distribution of $3.08 per share or,|
|2.||Elect to receive cash for the dividend and distribution.|
General American Investors was founded in 1927, has been publicly traded since its inception and has been listed on the NYSE since 1930. The objective of the Company is long-term capital appreciation through investment in companies with above average growth potential. As of October 31, 2016, the Company had net assets of approximately $1.0 billion applicable to its 26.7 million shares of common stock outstanding. The net asset value of the common stock of the Company on October 31, 2016 was $38.75 per share and the closing price was $31.47 per share. The aggregate liquidation value of the Company's preferred stock is $190.1 million (liquidation preference $25.00 per share). Its preferred shares (symbol GAM Pr B) are also listed on the NYSE.