Central Securities Corporation Declares Year-End Distribution
The dividend is payable December 20, 2024 to stockholders of record November 15, 2024. The distribution will be paid in additional shares of stock unless stockholders elect to receive the distribution in cash. The cut-off date for election of cash is December 4, 2024 (the “Cut-Off Date”). Stockholders who own their shares in brokerage accounts should make the election with their broker.
The number of additional shares to which a stockholder will be entitled if he receives the distribution in stock will be computed as follows:
The number of shares held of record on November 15, 2024 will be multiplied by
The Market Value will be the arithmetic average of the daily volume weighted average price (“VWAP”) of the Corporation’s Common Stock for each of the last three trading days ending on, and including, the Cut-Off Date, rounded to two decimal places.
Of the
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Central Securities Corporation
Marlene A. Krumholz, Secretary
(212) 698-2020
Source: Central Securities Corporation