general american investors (GAM) Snapshot

The board of directors of General American Investors Company, Inc. declared on its 5.95% cumulative preferred stock, series B, a dividend and distribution of $0.371875 per share payable in cash on June 24, 2013 to holders of record on June 7, 2013. This quarterly dividend and distribution represents a payment for the accrual period from March 25, 2013 through June 23, 2013. Preferred shareholders will be informed in early 2014 of the taxable portions of the distribution.

The Board of Directors of General American Investors Company, Inc. appointed Jeffrey W. Priest, President and Chief Executive Officer of the company, to the board of directors of the company subject to approval by shareholders at the upcoming Annual Meeting scheduled for April 10. Separately, D. Ellen Shuman, a director of the company since July 2004 and chairman of the board's audit committee, advised the directors that she would not seek re-election at the upcoming annual meeting.

The Board of Directors of General American Investors Company, Inc. announced that Ms. D. Ellen Shuman, a Director of the company since July 2004 and Chairman of the Board's Audit Committee, advised the Directors that she would not seek re-election at the upcoming Annual Meeting.