Central Securities Corporation Releases Report to Stockholders

Rhea-AI Summary

Central Securities Corporation (CET) released its Report to Stockholders for the nine months ending September 30, 2022. Key figures indicate a decline in net assets, with total assets dropping to $1,097,215,049 from $1,320,425,332 in the previous year. Net assets per common share also decreased to $40.27, down from $50.31. The number of shares outstanding rose to 27,247,478 compared to 26,243,903 a year prior.

Positive

• Shares outstanding increased to 27,247,478, up from 26,243,903.

Negative

• Net assets decreased from $1,320,425,332 to $1,097,215,049.
• Net assets per common share fell from $50.31 to $40.27.

NEW YORK--(BUSINESS WIRE)-- Central Securities Corporation (NYSE American: CET), a closed-end investment company, today released its Report to Stockholders for the nine months ended September 30, 2022.

Figures as of September 30, 2022 compared with those of one year ago, are as follows:

		September 30,		September 30,
		2022		2021
Net assets per common share		$40.27		$50.31
Net assets		$1,097,215,049		$1,320,425,332
Shares outstanding		27,247,478		26,243,903

Additional details are available at www.centralsecurities.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221107006121/en/

Central Securities Corporation

Marlene A. Krumholz, Secretary

212-698-2020

Source: Central Securities Corporation

FAQ

What were the net assets of Central Securities Corporation as of September 30, 2022?

The net assets of Central Securities Corporation were $1,097,215,049 as of September 30, 2022.

How did the net assets per common share change for CET from 2021 to 2022?

The net assets per common share for CET decreased from $50.31 in 2021 to $40.27 in 2022.

What is the number of shares outstanding for CET as of September 30, 2022?

CET had 27,247,478 shares outstanding as of September 30, 2022.