General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), reported net assets applicable to the Company’s common stock as of March 31, 2020 of $813,940,783 as compared with net assets applicable to its common stock of $1,081,697,614 at December 31, 2019. The value at March 31, 2020 reflects a decrease in net assets resulting from operations for the three-month period then ended of $263,950,016, and a decrease of $3,806,815 reflecting the cost of repurchasing 109,129 shares of the Company’s common stock.
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