General American Investors Company Common/Preferred Stock – Dividend/Distribution

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Jan 28, 2021
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The Board of Directors of General American Investors Company, Inc. (NYSE symbol – GAM), a closed-end investment company, declared a spill-over capital gain distribution on its common stock totaling $0.25 per share from net long-term profits on securities sold during the period November 1, 2020 through December 31, 2020. This is sourced from long-term capital gain income and is expected to be taxable as such. The dividend and distribution is payable in cash on February 19, 2021 to stockholders of record on February 8, 2021 and is to be included in stockholders’ federal income tax returns for 2021.