NEW YORK--(BUSINESS WIRE)--At a Directors’ meeting held today, Mrs. Linda Genid was appointed Assistant Corporate Secretary of the Company effective January 1, 2014. Mrs. Genid joined the Company in 1983 and has filled various administrative and technical positions with increasing responsibilities over the years. She is currently Systems Administrator of the Company and is responsible for the upkeep, configuration, and reliable operation of the Company’s computer systems and software. She received a Bachelor of Science degree from Fairleigh Dickinson University.
General American Investors was founded in 1927, has been publicly traded since its inception, and has been listed on the NYSE since 1930. The objective of the Company is long-term capital appreciation through investment in companies with above average growth potential. As of November 30, 2013, the Company had net assets of approximately $1.2 billion applicable to its 29.2 million shares of common stock outstanding. The net asset value of the common stock of the Company on November 30, 2013 was $40.42 per share and the closing price was $34.61 per share. Its preferred shares (symbol GAM Pr B) are also listed on the NYSE and their aggregate liquidation value is $190.1 million.