Equity CEFs: Go Big Or Go Home [Seeking Alpha]
General American Investors, Inc. (GAM)
US:NYSE Investor Relations:
generalamericaninvestors.com/additional-info
Company Research
Source: Seeking Alpha
Equity CEFs: Go Big Or Go Home Summary Either many big cap equity CEFs are cheap or many small cap equity CEFs are dramatically overpriced. Maybe this is what happens during euphoric times in the market when its assumed the most aggressive funds or stocks should attain the highest valuations. But in CEFs, the size of the fund doesn't mean its more conservative or can't have outperforming portfolios as represented by their NAV performances. Because at all-time market highs, many big cap CEFs are seeing year low valuations as represented by their discounts while some small cap CEFs are at ridiculous premiums. What's going on? Blame it on institutional investors who are more likely to own large cap CEFs. What are they seeing and why do smaller cap CEFs keep going up? I've noticed a profound and growing difference in the market price performances (not necessarily NAV performances) between the largest cap equity CEFs and the smallest cap equity CEFs. Here I'm describing large cap CEFs as
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GAM
News
- General American Investors Reports Net Assets as of March 31, 2024Business Wire
- General American Investors Company, Inc. Quarterly Dividend and Distribution on 5.95% Preferred StockBusiness Wire
- 5 Cheap Dividend Funds Trading For Pennies On The Dollar [Forbes]Forbes
- General American Investors Announces Change of Date for 2024 Annual Meeting of StockholdersBusiness Wire
- Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of General American Investors, Inc. (GAM) InvestigationBusiness Wire
GAM
Sec Filings
- 5/3/24 - Form 13F-HR
- 5/3/24 - Form N-30B-2
- 5/3/24 - Form NPORT-P
- GAM's page on the SEC website