General American Investors Files Certified Shareholder Report for Period Ended June 30, 2025
The Semi-Annual Report indicates that as of or for the six months ended:
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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.
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The largest stock holdings in the Company's portfolio as of June 30, 2025, included: Microsoft, Republic Services, Berkshire Hathaway, TJX Companies, and Amazon.
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Associated Press
an hour ago
- Associated Press
T-Mobile US, Inc. and T-Mobile USA, Inc. Announce Final Results of its Exchange Offers and Consent Solicitations for Certain of Array Digital Infrastructure, Inc.'s Outstanding Debt Securities
BELLEVUE, Wash.--(BUSINESS WIRE)--Aug 1, 2025-- T-Mobile US, Inc. (NASDAQ: TMUS) (the 'Company') today announced, together with T-Mobile USA, Inc., its wholly-owned subsidiary ('T-Mobile USA'), the expiration and final results of its previously announced offers to exchange (the 'Exchange Offers') any and all of certain series of outstanding senior notes of Array Digital Infrastructure, Inc. (formerly known as United States Cellular Corporation) ('Array'). The Exchange Offers were launched pursuant to the Securities Purchase Agreement announced on May 28, 2024, under which the Company agreed to purchase certain assets from Array. Today's final results concern the Company's offers to exchange: (i) Array's 6.700% Senior Notes due 2033 (the 'Old Array 2033 Notes') for new 6.700% Senior Notes due 2033 to be issued by T-Mobile USA (the 'New 2033 Notes'); (ii) Array's 6.250% Senior Notes due 2069 (the 'Old Array 2069 Notes') for new 6.250% Senior Notes due 2069 to be issued by T-Mobile USA (the 'New 2069 Notes'); (iii) Array's 5.500% Senior Notes due 2070 (March) (the 'Old Array March 2070 Notes') for new 5.500% Senior Notes due March 2070 to be issued by T-Mobile USA (the 'New March 2070 Notes'); and (iv) Array's 5.500% Senior Notes due 2070 (June) (the 'Old Array June 2070 Notes' and, together with the Old Array 2033 Notes, the Old Array 2069 Notes and the Old Array March 2070 Notes, the 'Old Array Notes') for new 5.500% Senior Notes due June 2070 to be issued by T-Mobile USA (the 'New June 2070 Notes' and, collectively with the New 2033 Notes, the New 2069 Notes and New March 2070 Notes, the 'New T-Mobile Notes'); in each case upon the terms and subject to the conditions set forth in the Prospectus, as defined below. In connection with the Exchange Offers, the Company and T-Mobile USA also solicited consents to amend the applicable indentures governing each series of the Old Array Notes (the 'Consent Solicitations') to modify or eliminate certain notice requirements and restrictive covenants in the indentures governing the Old Array Notes. As previously announced on June 16, 2025, the Company and T-Mobile USA have received valid consents to the Proposed Amendments (as defined in the Prospectus) to the indentures governing the Old Array Notes from the holders of at least a majority of the outstanding aggregate principal amount of each series of the Old Array Notes. The Exchange Offers and the Consent Solicitations expired today, August 1, 2025, at 5:00 p.m., New York City time (the 'Expiration Date'). The table below provides the aggregate principal amount of validly tendered Old Array Notes that the Company accepted for exchange as of the Expiration Date, as well as the aggregate principal amount of New T-Mobile Notes to be issued and the total amount of cash to be paid, in connection with the Exchange Offers and the Consent Solicitations: The Company and T-Mobile USA did not receive any cash proceeds from the Exchange Offers. Settlement of the Exchange Offers and Consent Solicitations is expected to occur on or about August 5, 2025. D.F. King & Co., Inc. acted as the information agent and exchange agent for the Exchange Offers and Consent Solicitations. Requests for documentation and questions regarding the Exchange Offers and Consent Solicitations can be directed to D.F. King & Co., Inc. at (888) 605-1958 (for information U.S. Toll-free) or (212) 269-5550 (information for banks and brokers). Questions regarding the terms and conditions of the Exchange Offers and Consent Solicitations should be directed to the dealer managers, Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC, at Morgan Stanley & Co. LLC, 1585 Broadway, New York, New York 10036, Attention: Global Debt Advisory Group, Collect: (212) 761-1057, Toll Free: (800) 624-1808, Email: [email protected] and Wells Fargo Securities, LLC, 550 South Tryon Street, 5th Floor, Charlotte, North Carolina 28202, Collect: (704) 410-4235, Toll Free: (866) 309-6316, Email: [email protected], Attention: Liability Management Group, respectively. Important Information about the Exchange Offers The Exchange Offers and Consent Solicitations were made solely pursuant to a Registration Statement on Form S-4 (the 'Registration Statement') and related prospectus and consent solicitation statement (as amended or supplemented from time to time, the 'Prospectus') relating to the issuance of the New T-Mobile Notes filed with the Securities and Exchange Commission. The information in this press release is qualified by reference to such Prospectus and the Registration Statement. This press release is for informational purposes only and is not an offer to buy or sell or the solicitation of an offer to sell with respect to any securities. The Exchange Offers were not made to holders of Old Array Notes in any jurisdiction in which the making or acceptance thereof would not have been permitted, and this press release does not constitute an offer to participate in the Exchange Offers to any person in any jurisdiction where it is unlawful to make such an offer or solicitations. About the Company T-Mobile US, Inc. is America's supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity for all. T-Mobile's customers benefit from its unmatched combination of value and quality, unwavering obsession with offering them the best possible service experience and undisputable drive for disruption that creates competition and innovation in wireless and beyond. Based in Bellevue, Wash., T-Mobile provides services through its subsidiaries and operates its flagship brands, T-Mobile, Metro by T-Mobile and Mint Mobile. For more information please visit: Forward-Looking Statements This press release contains forward-looking statements that are based on the Company's management's current expectations. Such statements include, without limitation, statements about the Exchange Offers and Consent Solicitations and the issuance of the New T-Mobile Notes. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, including, without limitation, prevailing market conditions and other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected. More information about potential risk factors that could affect the Company and its results is included in the Company's filings with the SEC, which are available at View source version on CONTACT: T-Mobile US Media Relations [email protected] Relations [email protected] KEYWORD: WASHINGTON UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: TELECOMMUNICATIONS NETWORKS HARDWARE PUBLIC RELATIONS/INVESTOR RELATIONS COMMUNICATIONS CONSUMER ELECTRONICS TECHNOLOGY MOBILE/WIRELESS SOURCE: T-Mobile US, Inc. Copyright Business Wire 2025. PUB: 08/01/2025 10:04 PM/DISC: 08/01/2025 10:03 PM
Associated Press
an hour ago
- Associated Press
Federal District Court Issues Order Regarding Allied Gaming & Entertainment Combined 2024/2025 Annual Meeting of Stockholders to Take Place As Planned on August 4th, 2025
NEW YORK--(BUSINESS WIRE)--Aug 1, 2025-- Allied Gaming & Entertainment, Inc. (NASDAQ: AGAE) (the 'Company' or 'Allied'), a global experiential entertainment company, announced that the United States District Court for the Central District of California issued an order today that the Combined 2024/2025 Annual Meeting of Stockholders ('Annual Meeting') not be postponed and enjoining Allied and Knighted Pastures LLC ('Knighted') from conducting any vote regarding changes to the composition of Allied's Board of Directors at the Annual Meeting. As such, the Annual Meeting will take place as planned on August 4, 2025, but no vote will be taken on any of the Company's or Knighted's director nominees or Knighted's proposal to remove Mr. Yangyang Li from the board of directors. All other proposals will continue to be voted on at the Annual Meeting. The Company encourages stockholders to vote their proxy card today 'FOR' the Company's proposals. Stockholders may vote electronically or by telephone until 11:59 p.m. eastern time on August 3, 2025, and may also vote at the meeting. About Allied Gaming & Entertainment Allied Gaming & Entertainment Inc. (Nasdaq: AGAE) is a global experiential entertainment company focused on providing a growing world of gamers and concertgoers with unique experiences through renowned assets, products and services. For more information, visit Forward Looking Statements This communication contains certain forward-looking statements under federal securities laws. In some cases, you can identify forward-looking statements by terminology such as 'may,' 'will,' 'should,' 'expect,' 'plan,' 'anticipate,' 'believe,' 'estimate,' 'predict,' 'potential,' 'intend' or 'continue,' the negative of such terms, or other comparable terminology. These statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause actual results to be materially different from those contemplated by the forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside our control, that could cause actual results or outcomes to differ materially from those discussed in these forward-looking statements. The inclusion of such information should not be regarded as a representation by the Company, or any person, that the objectives of the Company will be achieved. View source version on CONTACT: Investor Contact: Addo Investor Relations [email protected] KEYWORD: NEW YORK UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: PROFESSIONAL SERVICES ENTERTAINMENT BUSINESS OTHER ENTERTAINMENT EVENTS/CONCERTS ELECTRONIC GAMES SOURCE: Allied Gaming & Entertainment, Inc. Copyright Business Wire 2025. PUB: 08/01/2025 10:20 PM/DISC: 08/01/2025 10:19 PM
Yahoo
an hour ago
- Yahoo
Is an XRP Pullback on the Horizon? Here's What Investors Need to Know.
Key Points Assets tend to pull back a bit after they've gone on powerful bull runs. The party often resumes after the asset has a bit of time to cool off. Expect XRP to behave like other assets. 10 stocks we like better than XRP › Remarkably, XRP (CRYPTO: XRP) handed holders a tidy 43% gain in just 30 days in the period ended July 29. Yet every rally, no matter how much it is supported by an asset's strong fundamentals, eventually stops to catch its breath. Seasoned investors know the question isn't whether a pullback will happen with XRP, it's when, how deep it will be, and whether it will be caused by something that changes the long-term thesis for investing in the coin. So let's unpack the forces that could pump the brakes on XRP, and explore why dips in this asset often end up looking in retrospect like clearance sales rather than collapses. XRP's summer sprint is impressive, but gravity never fails Price moves as brisk as XRP's run-up this summer rarely last without at least a speed bump. A trio of variables could spark one before long in this case. First, rapid appreciation invites profit-taking, especially from investors who have held the asset from a low purchase price. On-chain wallet data show more than 78% of XRP supply is now held at a gain, leaving plenty of holders tempted to lock in wins if macro sentiment wobbles. Second, macro liquidity remains fragile, and while it's likely to improve during the next year or so, it could take longer than what holders are hoping for. The Federal Reserve's rate cut path is still contested, and global money supply growth hit a soft patch in June, the first downtick in five months. Slower liquidity growth tends to nudge crypto lower as marginal buyers retreat. Third, highly anticipated exchange-traded funds (ETFs) holding XRP are not over the goal line yet with regard to their regulatory approval status. Bloomberg's analysts give a 95% probability that a spot XRP ETF wins approval in 2025, but the Securities and Exchange Commission (SEC) can still delay, add caveats, or surprise the market. An unfavorable tweak, or even a prolonged silence, could chill sentiment in the interim -- and the SEC has not exactly been rubber-stamping crypto ETFs this year, though expectations remain high. Add all of this up and a downtrend to the tune of 10% or 20% would not be shocking. That may sting holders, but it would be entirely normal in crypto's highly volatile boom-and-bust cycle, and it wouldn't even count as a true bust within that framing either. The bigger question is what fundamental progress shows up on the other side of any dip as a result of steady technology development for XRP by its issuer, Ripple. Why buying the dip still looks smart In terms of the coin's progress in advancing its fundamental value, investors have a fair amount to celebrate here, and more to look forward to in the near future. Both of those factors will help the asset to either continue its bull run or to reignite an uptrend after a correction if it's necessary. Under the hood, XRP just installed several new drivers of long-term value accumulation. In particular, on June 30, the XRP Ledger's (XRPL) Ethereum Virtual Machine (EVM) sidechain went live on the mainnet, allowing for smart contracts coded with the language that Ethereum uses to run on an adjacent ledger while using XRP for gas (user fees). That vastly widens the universe of applications that can settle on the ledger without compromising its low-fee payments core. It also means that the legion of smart contract developers working within Ethereum's vast ecosystem can now make applications that run on the XRPL without needing to learn much of anything new. Meanwhile, Ripple's enterprise stablecoin is gathering momentum. It now has a Wall Street bank that has agreed to hold the dollars that back the stablecoin in its custody, and a major crypto exchange followed up with an integration that has already minted $122 million worth of the coin. Each of these stablecoin transfers uses XRP, adding fee volume and locking users into the ecosystem. On the regulatory front, Ripple is also chasing a U.S. national bank charter, a move that would place its operations under federal oversight and grant direct access to Federal Reserve payment systems, which is an institutional trust signal few crypto issuers can match. If it succeeds, it will be undeniably part of the traditional finance cohort rather than simply a cryptocurrency company. Put differently, every near-term wobble in the asset's price now has to contend with a freshly unlocked developer universe via the EVM sidechain, a regulated bank-backed stablecoin feeding daily traffic, a structural push toward ETF inclusion that could increase demand, and increasing reputability with holders of large capital and the financial system in general. Thus a pullback is not something to fear, so much as an opportunity to prepare for in advance -- emotionally and financially. Assuming these catalysts continue to advance, the long-term supply-and-demand balance will continue to be highly favorable for buying and holding. Instead of trying to time the next downturn, it's wiser to decide in advance how much XRP belongs in your portfolio and then layer in your buys when gloomy sentiment pushes down the price. Do the experts think XRP is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did XRP make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,049% vs. just 182% for the S&P — that is beating the market by 867.25%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $638,629!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,098,838!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Alex Carchidi has positions in Ethereum. The Motley Fool has positions in and recommends Ethereum and XRP. The Motley Fool has a disclosure policy. Is an XRP Pullback on the Horizon? Here's What Investors Need to Know. was originally published by The Motley Fool
