Central Securities Corporation Releases Annual Report to Stockholders for the Year Ended December 31, 2021

Rhea-AI Summary

Central Securities Corporation (AMEX:CET) released its Annual Report for the year ending December 31, 2021. The report highlights a significant increase in net assets, reaching $1.33 billion compared to $1.04 billion in 2020. Net assets per common share also rose to $48.87, up from $39.49 the previous year. Additionally, shares outstanding increased to 27,266,384 from 26,240,403. This performance demonstrates a strong growth trajectory for CET amidst the investment landscape.

Positive

• Net assets increased to $1,332,590,581 from $1,036,336,494.
• Net assets per common share rose to $48.87 from $39.49.
• Shares outstanding grew to 27,266,384 from 26,240,403.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Central Securities Corporation (NYSE American: CET), a closed-end investment company, today released its Annual Report to Stockholders for the year ended December 31, 2021.

Figures as of December 31, 2021, compared with those of one year ago, are as follows:

		December 31,		December 31,
		2021		2020
Net assets per common share		$48.87		$39.49
Net assets		$1,332,590,581		$1,036,336,494
Shares outstanding		27,266,384		26,240,403

Additional details are available at www.centralsecurities.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220210005652/en/

Central Securities Corporation

Marlene A. Krumholz, Secretary

212-698-2020

Source: Central Securities Corporation

FAQ

What are the net assets of Central Securities Corporation as of December 31, 2021?

As of December 31, 2021, Central Securities Corporation reported net assets of $1,332,590,581.

How much did the net assets per share increase for CET in 2021?

Net assets per share increased to $48.87 in 2021 from $39.49 in 2020.

How many shares are outstanding for CET as of the latest report?

Central Securities Corporation has 27,266,384 shares outstanding as of the latest report.