logo
General American Investors Files Certified Shareholder Report for Period Ended June 30, 2025

General American Investors Files Certified Shareholder Report for Period Ended June 30, 2025

Business Wire2 days ago
NEW YORK--(BUSINESS WIRE)--General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), filed with the U.S. Securities and Exchange Commission (SEC) its Certified Shareholder Report (Form N-CSR) for the six-month period ended June 30, 2025. The Form N-CSR contains the Company's June 30, 2025 Semi-Annual Report and is available at the SEC's website: www.sec.gov and the Company's website: www.generalamericaninvestors.com. The Semi-Annual Report is expected to be mailed to stockholders shortly.
The Semi-Annual Report indicates that as of or for the six months ended:
*
After a distribution of $4.07 per share from net long-term capital gains and a dividend of $0.43 per share paid in December 2024 and a distribution of $0.25 per share from long-term capital gains paid in March 2025.
Expand
The largest stock holdings in the Company's portfolio as of June 30, 2025, included: Microsoft, Republic Services, Berkshire Hathaway, TJX Companies, and Amazon.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

FLR LEGAL ALERT: Lose Money on Your Fluor Corporation Investment? Contact BFA Law about its Securities Fraud Investigation (NYSE:FLR)
FLR LEGAL ALERT: Lose Money on Your Fluor Corporation Investment? Contact BFA Law about its Securities Fraud Investigation (NYSE:FLR)

Business Upturn

time2 hours ago

  • Business Upturn

FLR LEGAL ALERT: Lose Money on Your Fluor Corporation Investment? Contact BFA Law about its Securities Fraud Investigation (NYSE:FLR)

By GlobeNewswire Published on August 3, 2025, 16:07 IST NEW YORK, Aug. 03, 2025 (GLOBE NEWSWIRE) — Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Fluor Corporation (NYSE: FLR) for potential violations of the federal securities laws. If you invested in Fluor, you are encouraged to obtain additional information by visiting: Why Is Fluor being Investigated? Fluor is a global professional services firm that provides engineering, procurement and construction, fabrication and modularization, and project management services. The Company has three principal segments: Urban Solutions, Energy Solutions and Mission Solutions. Its Urban Solutions segment includes infrastructure teams that provide a broad range of services, including consulting, design, planning, financial structuring, engineering, construction and operation and maintenance services. During the relevant period, the Company touted the strong productivity across its infrastructure portfolio. In truth, several of Fluor's infrastructure projects experienced undisclosed design errors, delays, and price escalation that significantly impacted its business. The Stock Declines as the Truth Is Revealed On August 1, 2025, before market hours, Fluor reported its fiscal Q2 2025 financial results and held an earnings call. The Company announced disappointing earnings and revealed 'a $54 million net impact of cost growth and expected recoveries on three infrastructure projects, due to subcontractor design errors, the related schedule impacts, and price escalation.' The Company also announced, 'a shift in expected capital spending from some clients.' On this news, the price of Fluor stock fell more than 30% during trading on August 1, 2025. Click here for more information: What Can You Do? If you invested in Fluor you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses. Submit your information by visiting: Or contact:Ross Shikowitz [email protected] 212.789.3619 Why Bleichmar Fonti & Auld LLP? BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA , The Legal 500 , and ISS SCAS , and its attorneys have been named 'Elite Trial Lawyers' by the National Law Journal , among the top '500 Leading Plaintiff Financial Lawyers' by Lawdragon , 'Titans of the Plaintiffs' Bar' by Law360 and 'SuperLawyers' by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd. For more information about BFA and its attorneys, please visit Attorney advertising. Past results do not guarantee future outcomes. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.

Terra Firma Energy Welcome UK Government Consultation on Hydrogen Blending into Great Britains Gas Transmission Network
Terra Firma Energy Welcome UK Government Consultation on Hydrogen Blending into Great Britains Gas Transmission Network

Business Wire

time5 hours ago

  • Business Wire

Terra Firma Energy Welcome UK Government Consultation on Hydrogen Blending into Great Britains Gas Transmission Network

LONDON--(BUSINESS WIRE)--At Terra Firma Energy, we welcome the UK Government's consultation into the blending of Hydrogen into Britain's Gas Transmission Network as a timely and positive step forward for both the UK's decarbonisation goals and the future of flexible power generation. All our projects are engineered to be hydrogen-ready from the outset, ensuring long-term operational flexibility and resilience in a rapidly evolving energy landscape. By anticipating changes in fuel supply and regulatory frameworks, we have future-proofed our generation assets to adapt quickly to low-carbon solutions like hydrogen blending. The ability to support hydrogen integration, even at early-stage blend levels, reinforces our commitment to sustainable innovation and positions our portfolio to contribute meaningfully to a net zero grid. Terra Firma Energy welcome UK Government Consultation on Hydrogen Blending into Great Britains Gas Transmission Network. Share The Department for Energy Security and Net Zero (DESNZ) has launched a new consultation exploring the potential for blending low-carbon hydrogen into Great Britain's gas transmission network. Following previous consultations on hydrogen blending into local distribution networks, the government is now seeking views on whether introducing hydrogen at the transmission level - the high-pressure National Transmission System (NTS) - could offer strategic and economic value. A Step Toward Net Zero Hydrogen is seen as a key player in the UK's push to reach net zero emissions by 2050. Blending low-carbon hydrogen with natural gas could offer a transitional path, supporting early-stage hydrogen production while reducing the carbon intensity of the existing gas network. DESNZ is currently evaluating whether to enable blending of up to 2% hydrogen by volume into the NTS. This small percentage could act as an 'off-taker of last resort' for hydrogen producers, providing a backup market when dedicated customers are not available. Balancing Innovation with Risk The consultation outlines both the potential benefits and challenges. While hydrogen blending could support the growth of the hydrogen economy and help manage electricity system constraints, it also raises concerns for industrial users connected to the transmission system. Many of these users rely on stable, high-quality gas supplies, and even a 2% hydrogen blend could affect equipment performance, increase costs, or require infrastructure upgrades. Terra Firma Energy have been proactive in ensuring all our projects have been built utilising hydrogen ready generation sets that can accommodate a 20% blend of hydrogen into the network. Studies cited in the consultation show that most transmission-connected users could technically handle a 2% blend with minimal changes, though feasibility studies and equipment modifications may still be necessary. At higher blends (5% or 20%), the risks and costs escalate significantly. Cross-Border Considerations The UK's ability to blend hydrogen is also influenced by developments in the EU. Under the EU Hydrogen and Decarbonised Gas Market Package, Member States can blend up to 2% hydrogen by volume, but are not required to do so. This creates potential interoperability issues with the UK's gas inter-connectors to Ireland, Belgium, and the Netherlands - especially if hydrogen blends exceed that threshold.

The SEC Shifts Gears on Crypto
The SEC Shifts Gears on Crypto

Gizmodo

time7 hours ago

  • Gizmodo

The SEC Shifts Gears on Crypto

The Securities and Exchange Commission made its biggest pro-crypto move yet this week. On Thursday, SEC Chairman Paul Atkins launched 'Project Crypto,' an overarching roadmap of the Commission's approach to regulating cryptocurrency. The aim of the project, according to Atkins, is to make the United States 'the crypto capital of the world' by onshoring crypto asset distributions. Atkins hopes to do so by updating the Commission's rules and regulations regarding on-chain software systems, encouraging experimentation with new technology like 'tokenization,' and opening the door to the reclassification of most crypto assets as an investment contract rather than a security. The plan also aims to encourage decentralized finance initiatives that operate without intermediaries and 'super apps' that integrate payment ability with other functions like social media (one example being Elon Musk's vision to transform X into an 'everything app'). It's a huge departure from the SEC's previous approach to crypto under former chairman Gary Gensler, who became crypto industry's public enemy number one due to his strict regulatory approach. Atkins made sure to hammer that point in. 'It's a new day at the SEC and we are picking up the gauntlet and the challenge that President Trump has laid down,' he told CNBC on Friday. Gary Gensler's approach to crypto as SEC chairman was less 'laissez-faire' and more focused on compliance. In an effort to protect investors, Gensler's administration insisted that crypto tokens are overwhelmingly considered securities and are therefore covered under existing legal framework and require full disclosure and SEC registration. That made it especially rough for decentralized finance initiatives. Under Gensler, the SEC launched a wave of lawsuits against crypto exchanges like Coinbase and Binance, claiming that they operated outside the law. The crypto industry deemed this to be regulatory overreach and claimed that it was pushing American crypto innovation overseas. In comes Trump, who ran on a pro-crypto campaign in the 2024 presidential election even though he was once a skeptic himself, claiming that crypto was 'a disaster waiting to happen' back in 2021. One of Trump's first courses of action following the inauguration was to establish a federal crypto working group, chaired by the President's AI and crypto czar David Sacks. That group just released a 160-page report on Wednesday detailing policy recommendations. Trump also recently signed into law the Genius Act, a bill that establishes the first federal regulatory framework for stablecoins, a type of cryptocurrency that is designed to have less volatility than traditional forms by pegging it to the U.S. dollar. The Genius Act was a huge win for the crypto industry, allowing banks, credit unions, and other institutions to issue stablecoins. Although Atkins' SEC and the Trump administration at large are ushering in an era of cryptocurrency regulation with some consumer protections, still the roadmap for it seems to involve minimal red tape. The focus instead is overwhelmingly on legitimizing on-chain technology in the financial system. And that seems to be working: A huge array of big companies are rushing to explore blockchain projects. On Thursday, J.P. Morgan announced that it will be partnering with Coinbase to allow crypto purchases via clients' Chase credit cards, and Bank of America CEO Brian Moynihan said earlier this month that the bank is planning on launching a stablecoin. Crypto enthusiasts hype its ability to streamline financial processes by cutting out intermediaries and say that it helps give anyone across the globe access to financial accounts. They also praise the privacy and anonymity it provides. But that obviously comes with downsides. Critics view cryptocurrency as a threat to the financial system: the same mechanisms crypto uses to streamline and increase accessibility to financial services can also be used for money laundering, sanctions evasions, and scams. According to the FBI, Americans have lost over $3.9 billion to about 150,000 crypto fraud schemes in 2024 alone. Crypto is also notorious for its volatility, prone to crashes, and has been mired in controversy, notably since the Sam Bankman-Fried scandal. And crypto skeptics in Congress are also pointing out that the Trump administration's regulatory push towards legitimization overlooks one glaring problem: Trump's own conflict of interest. The Trump family runs several crypto projects, from crypto banking platform World Liberty Financial that offers a stablecoin called USD1 to an empire of memecoins and a bitcoin mining business co-founded by Eric Trump. Not only the Trump family but his entire cabinet's burgeoning crypto empire is viewed by many critics as a blurring of lines between personal business interests and official policy. The regulatory actions taken so far could be seen as self-dealing. 'Trump is using the presidency to enrich himself through crypto, and he's doing it in plain sight,' one of Trump's biggest critics on the matter, Sen. Elizabeth Warren, told Vanity Fair last week.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store