GAM: Great Portfolio, But You're Not Getting The Discount Back

2026-04-15 16:24:54 ET

General American Investors Company Inc. ( GAM ) has been around for nearly 100 years and that makes it one of the oldest surviving CEFs, along with Adams Diversified Equity Fund, Inc. (ADX). Internally managed and built for long-term capital appreciation, GAM has proved its dependability, having survived the Great Depression, two world wars, multiple other wars, the oil crash of 1973, and so on. It has managed this by keeping things simple. There is no income engineering, no complicated strategies – what you see is what you earn....

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