

General American Investors Company offers stable total returns, outperforming peers with a 5-year NAV return of 14.2% and a 10-year return of 13.6%. GAM trades at an 11% discount to NAV, with a low 1.07% expense ratio and a robust 935% asset coverage ratio, signaling financial strength. The preferred stock GAM.PR.B, rated A1 by Moody's, provides capital protection but currently yields among the lowest in its peer group.

General American Investors Company is a nearly century-old closed-end equity fund focused on long-term capital appreciation, not income. GAM trades at an 11.3% discount to NAV, but the discount has persisted historically, making a narrowing unlikely as a catalyst. The portfolio is diversified, tilted toward large, liquid public companies, and shows strong absolute performance, with 5- and 10-year returns above the S&P 500.

Zurich, 12 May 2026 PRESS RELEASE Results of the Annual General Meeting of GAM Holding AG 2026 All proposals submitted by the Board of Directors were approved by shareholders Anthony Maarek elected as Chairman of the Board of Directors Albert Saporta and John Niel elected as new members of the Board of Directors At the Annual General Meeting held on 12 May 2026, the shareholders of GAM Holding AG approved all the proposals put forward by the Board of Directors. Shareholders who were unable to attend the Annual General Meeting could give their voting instructions to an independent proxy; 82% of the total 1,078,607,163 shares (as registered in the commercial register) were represented in comparison with 83% in 2025.

General American Investors offers disciplined, long-term equity compounding via a concentrated, internally managed portfolio of large-cap stocks. GAM consistently trades at a persistent 10-15% NAV discount due to its lack of a managed distribution policy and variable dividend history. The fund avoids income engineering, distributing only realized gains, which preserves NAV but results in unreliable yield for income-focused investors.

PRESS RELEASE: Ad hoc announcement pursuant to Art. 53 LR GAM Holding AG announces proposed Board of Directors for election at 2026 Annual General Meeting Planned Board renewal as part of succession and continuity planning Anthony Maarek proposed as new Chairman of the Board of Directors Albert Saporta, Group CEO, and John Niel proposed as new Board members Board to comprise six members with equal gender balance Zurich, 13 April 2026 – GAM Holding AG ("GAM") (SIX: GAM) today announces the proposed composition of its Board of Directors to be submitted for election at the Annual General Meeting on 12 May 2026.

Zurich, 17 February 2026 PRESS RELEASE GAM Holding Announces Gerhard Lohmann as Group CFO to Support Next Phase of Strategic Growth GAM Holding AG (GAM:SWX) today announced a transition in its senior leadership team as the firm moves confidently into the next phase of its strategic development. Gerhard Lohmann joins GAM Holding today, 17 February 2026, and will assume the role of Group Chief Financial Officer (“Group CFO”) on 26 March 2026.

London / Zurich, 28 January 2026 PRESS RELEASE GAM Portfolio managers upping the pressure further on the Yutaka Giken deal by challenging controlling shareholder Honda. Albert Saporta and Randel Freeman question why Honda sold controlling stake for less than half the minority tender price and demand transparency on potential ancillary transactions On 27 January 2026 the portfolio managers of the GAM Japan Special Situations Investment Strategy published an open letter to Honda Motor Co., Ltd.

Toronto, Ontario--(Newsfile Corp. - January 12, 2026) - Royal Road Minerals Limited (TSXV: RYR) (OTCQB: RRDMF) ("Royal Road" or the "Company") is pleased to announce that the mining concession application subject to the Company's previously disclosed binding Option Agreement (see Press Release December 14, 2021) has been formally converted and published as a granted Mining Concession Contract as of 5 January 2026 (the "Chuscalita Title"). The Chuscalita Title has an initial term of 30 years, in accordance with Colombian mining law.