Today, the Board of Directors of General American Investors Company, Inc.
GAM, a closed-end investment company, declared a combined
special dividend and distribution of $0.60 per share on its outstanding shares
of common stock as follows:
* A special distribution of $0.53 per share from net long-term capital gains
on securities sold.
* A special dividend and distribution of $0.07 per share from estimated
accumulated undistributed income for the full year 2012 and net short-term
gains on securities sold.
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