Distributions & Reports
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|Common Stock Symbol||GAM|
|Preferred Stock Symbol||GAM Pr b|
|Common Stock Cusip||368802104|
|Preferred Stock Cusip||368802401|
|Quarter Ended Data 12/31/2016|
|Common Closing Price||$31.18|
|Preferred Liquidation Preference||$25.00|
|Preferred Closing Price||$25.77|
|Net Assets - Common||$1,022.5 mil.|
|Liquidation Value - Preferred||$190.1 mil.|
|2016 Dividend & Distribution||$3.28|
Since March 1995, the Board of Directors has authorized the repurchase of Common Stock in the open market when the shares trade at a discount to net asset value of at least 8%. Through December 31, 2016, the Company has repurchased a total of 24.3 million shares of Common Stock at a total cost of $705.1 million. During the twelve months ended December 31, 2016, 2,149,240 shares of Common Stock were repurchased at a cost of $67,991,719, a discount of 17.7% to net asset value.
|GAM Stockholder Return
|GAM Net Asset
|Standard & Poor's 500
Stock Index Return*
|* With dividends and distributions reinvested/with income.
|Industry Sector||% Common Net Assets*|
|Health Care, Pharmaceuticals, Biotechnology & Life Sciences||10.1|
|Total Long-Term Investments||105.4|
|Cash, equivalents, receivables and other assets less liabilities||13.2|
|Preferred Stock, at liquidation value||-18.6|
|Total Net Assets Applicable to Common Stock||100.0|
The TJX Companies, Inc.
Through its T.J. Maxx and Marshalls divisions, TJX is the leading off-price retailer. The continued growth of these divisions in the U.S. and Europe, along with expansion of related U.S. and foreign off-price formats, provide ongoing growth opportunities.
Republic Services, Inc.
Republic Services is a leading provider of non-hazardous, solid waste collection and disposal services in the U.S. The efficient operation of its routes and facilities combined with appropriate pricing enables Republic Services to generate significant free cash flow.
Arch Capital Group Ltd.
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Microsoft is a leading global provider of software, services and hardware devices. The company produces the Windows operating system, Office productivity suite, Azure public cloud service, and Xbox gaming console.
Gilead Sciences, Inc.
Gilead Sciences is a U.S. based biotechnology company that discovers, develops and commercializes therapeutics. Originally founded to focus predominantly on antiviral drugs to treat patients with HIV, Hepatitis B, CMV, influenza and, most recently, Hepatitis C, the company has expanded its reach into cardiopulmonary medicine, oncology and other related areas.
Nestlé is a well-managed, global food company with a favorably-positioned product portfolio and an excellent AA rated balance sheet. High market share, solid volume growth, strong pricing power, expense control and steady capital management yield durable, above-average, long-term total return potential.
Unilever N.V. is a well-managed, primarily emerging market-based, global consumer goods manufacturer focusing on personal care, home care, food and refreshment products and operates with a solid A+ rated balance sheet. Advantaged geographies coupled with above average volume growth, pricing power and management execution generates above average long-term shareholder returns.
General Electric Company
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Halliburton offers a broad suite of services and products to customers worldwide for the exploration, development and production of oil and gas. The company has the scale, product depth and technology to provide value-added customer service and produce an attractive long-term return on invested capital and strong shareholder appreciation.
Everest Re Group, Ltd.
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