Gold bars to be exempt from tariffs, White House clarifies
In a recent filing with the Securities and Exchange Commission, General American Investors Co Inc. (NYSE:GAM), a $1.21 billion market cap company trading at an attractive P/E ratio of 5.2, reported a significant transaction involving its Series B 5.95% Preferred Stock. According to InvestingPro data, the company maintains strong financial health with excellent liquidity metrics. The trust, under the management of Arthur G. Altschul, Jr. as Trustee, executed a sale of 17,400 shares on May 8, 2025. This transaction was completed at a price of $24.8224 per share, amounting to a total sale value of $431,909.
Following the sale, the trust no longer holds any shares of the Series B Preferred Stock. However, it retains ownership of 9,819 shares of the company’s common stock. The transaction reflects the trust’s strategic financial decisions under the oversight of the trustee, who is not a director or officer but holds a significant position in managing the trust’s assets.
In other recent news, General American Investors Company, Inc. has announced a capital gain distribution of $0.25 per share for its common stock. This distribution is derived from net long-term profits on securities sold between November 1, 2024, and December 31, 2024, and will be taxable as long-term capital gain income. Stockholders of record as of February 24, 2025, will receive the cash payment on March 7, 2025, and it will be relevant for their 2025 federal income tax returns. Additionally, the company’s Board of Directors has declared a dividend and distribution of $0.371875 per share on its 5.95% cumulative preferred stock, series B. This payment is scheduled for March 24, 2025, for shareholders on record as of March 7, 2025, covering the accrual period from December 24, 2024, through March 23, 2025. The taxable portions of this distribution will be communicated to preferred shareholders in early 2026. General American Investors continues to maintain its significant position in the investment community with total net assets of approximately $1.4 billion. The aggregate liquidation value of the preferred stock is reported at $190 million.
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