Central Securities Corporation Releases Annual Report to Stockholders for the Year Ended December 31, 2020

Rhea-AI Summary

Central Securities Corporation (NYSE American: CET) released its Annual Report for the year ending December 31, 2020. The report showcases a positive growth in net assets, amounting to $1,036,336,494, an increase from $994,595,051 in 2019. The net assets per common share also rose to $39.49, up from $38.42 a year prior. Additionally, shares outstanding increased from 25,889,242 to 26,240,403. These metrics indicate a solid financial position and shareholder value enhancement over the year.

Positive

• Net assets grew to $1,036,336,494 from $994,595,051 year-on-year.
• Net assets per common share increased from $38.42 to $39.49.
• Shares outstanding rose from 25,889,242 to 26,240,403.

Negative

• None.

Central Securities Corporation (NYSE American: CET), a closed-end investment company, today released its Annual Report to Stockholders for the year ended December 31, 2020.

Figures as of December 31, 2020, compared with those of one year ago, are as follows:

		December 31,	December 31,
		2020	2019
Net assets per common share		$39.49	$38.42
Net assets		$1,036,336,494	$994,595,051
Shares outstanding		26,240,403	25,889,242

Additional details are available at www.centralsecurities.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210210005675/en/

FAQ

What is the net asset value of Central Securities Corporation as of December 31, 2020?

As of December 31, 2020, Central Securities Corporation reported net assets of $1,036,336,494.

How much did the net assets per share increase for CET in 2020?

The net assets per common share for CET increased from $38.42 in 2019 to $39.49 in 2020.

What was the number of shares outstanding for CET at the end of 2020?

CET had 26,240,403 shares outstanding as of December 31, 2020.