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Stock impact report

General American Investors Company Declares Year-end Dividends and Distributions on Common and Preferred Stock

General American Investors, Inc. (GAM) 
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Today, the Board of Directors of General American Investors Company, Inc. (NYSE symbol – GAM), a closed-end investment company, declared a combined dividend and distribution of $2.45 per share on its outstanding shares of common stock as follows:A distribution of $2.08 per share from net long-term capital gains on securities sold.A dividend of $0.37 per share from estimated undistributed net investment income for the full year 2019.Determination as to taxability will be provided in January 2020. Both amounts are payable on December 30, 2019 to stockholders of record on November 18, 2019, and are to be included in stockholders’ Federal income tax returns for 2019. Holders of common stock will receive the dividend and distribution under one of two options:Receive additional full and fractional shares of the Company’s common stock for the combined total dividend and distribution of $2.45 per share or,Elect to receive cash for the dividend and distribution.T Show less Read more
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