General American Declares $0.60/Share Special Dividend

Today, the Board of Directors of General American Investors Company, Inc.

, 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.