General American Investors Financial Chief Purchases $71,040 Preferred Stock. Is This Closed-End Fund a Bargain?
Samantha X. Jin, a financial officer at General American Investors (NYSE:GAM), purchased 3,000 shares of 5.95% Preferred Stock on September 17, 2026, for $71,040. The company, a closed-end fund, has a market cap of $1.6B, TTM revenue of $24.4M, and net income of $376.7M. GAM's shares were trading at a 13% discount to net asset value at the time of the transaction.

