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General American Investors Authorizes Repurchase Of Additional 2M Shares

Author: Benzinga Newsdesk | April 16, 2025 04:27pm

The Board of Directors of General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM) authorized the repurchase of an additional 2,000,000 outstanding shares of common stock when the shares are trading at a discount from the underlying net asset value by at least 8%. This continues a repurchase program which began in March 1995. Through March 31, 2025, the Company has repurchased 33.6 million shares of common stock for a cost of $1.1 billion at an average discount of 14.2%.

Posted In: GAM


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