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NEW YORK - General American Investors Company, Inc. (NYSE:GAM), a company currently trading near its 52-week high of $58.19, announced Thursday the appointment of Sarah M. Ward to its Board of Directors, according to a press release statement.
Ward, who retired from Skadden, Arps, Slate, Meagher & Flom LLP in December 2021 after serving as a senior partner, brings legal and financial services expertise to the closed-end management investment company. She currently serves on the boards of CI Financial, Corient, Loblolly Inc., and the Settlement Housing Fund.
Ward holds a bachelor’s degree from Princeton University and a Doctor of Law degree from Fordham University School of Law.
General American Investors, founded in 1927 and listed on the NYSE since 1930, focuses on long-term capital appreciation through investments in companies with above-average growth potential. The company reports total net assets of approximately $1.5 billion applicable to its 23.3 million shares of common stock outstanding. Its preferred stock has an aggregate liquidation value of $190 million (NYSE:GAM Pr B).
The company has been publicly traded since its inception and maintains a long-standing presence in the investment management industry.
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