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, 2025. The Form N-CSR contains the Company’s June 30, 2025 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:
| 
 | 6/30/25 | 
 | 6/30/24 | |
| 
 | 
 | 
 | 
 | |
| Net Assets Applicable to Common Stock | $1,485,083,433 | 
 | $1,402,088,131 | |
| 
 | 
 | 
 | 
 | |
| Net Assets Per Common Share | $63.79* | 
 | $60.14 | |
| 
 | 
 | 
 | 
 | |
| Net Investment Income | $5,949,971 | 
 | $5,740,826 | |
| 
 | 
 | 
 | 
 | |
| Per Share | $0.26 | 
 | $0.25 | |
| 
 | 
 | 
 | 
 | |
| Net Gain on Investments | 144,433,108 | 
 | 188,287,805 | |
| 
 | 
 | 
 | 
 | |
| Per Share | $6.24 | 
 | $8.17 | |
| 
 | 
 | 
 | 
 | |
| Common Shares Outstanding | 23,279,512 | 
 | 23,313,823 | 
| * | 
 | After a distribution of $4.07 per share from net long-term capital gains and a dividend of $0.43 per share paid in December 2024 and a distribution of $0.25 per share from long-term capital gains paid in March 2025. | 
The largest stock holdings in the Company’s portfolio as of June 30, 2025, included: Microsoft, Republic Services, Berkshire Hathaway, TJX Companies, and Amazon.
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Contacts
Company Contact:
Eugene S. Stark
Vice-President, Administration
(212) 916-8447