General american investors company announces: action taken by the board of directors

New york--(business wire)--the board of directors of general american investors company, inc., a closed-end investment company whose common and preferred shares are listed on the new york stock exchange (nyse symbols - gam and gam pr b, respectively), renewed authorization for the repurchase of up to 1,601,553 outstanding shares of 5.95% cumulative preferred stock, series b when the shares are trading at a market price below the liquidation preference of $25 per share. to date, a total of 398,4.
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