General American Investors Trust Sells $49,231 in Preferred Stock

General American Investors Co Inc has reported a sale of 2,000 shares of its Series B 5.95% Preferred Stock for a total of $49,231, as disclosed in a recent SEC filing. Following this transaction, the trust no longer holds any of these preferred shares. The company has a strong financial standing, boasting a 54-year history of consistent dividend payments and a current yield of 9.38%. Additionally, General American Investors announced a capital gain distribution of $0.25 per share from securities sold, which will be taxable as long-term capital gain income for the 2025 tax year. Shareholders of record will receive this payment on March 7, 2025, along with a dividend payment for the preferred stock scheduled for March 24, 2025. The company continues to demonstrate robust liquidity with a current ratio of 1.5, supporting its investment attractiveness.