Central Securities Corporation Releases Report to Stockholders

Rhea-AI Summary

Central Securities Corporation (CET) released its stockholder report for the six months ending June 30, 2022. The company's net assets decreased to $1.10 billion compared to $1.32 billion in 2021. Additionally, net assets per share fell from $50.17 to $40.42. Shares outstanding increased from 26,243,903 to 27,269,884. This report highlights significant declines in financial metrics, indicating a challenging period for the corporation.

Positive

• None.

Negative

• Net assets decreased from $1,316,660,037 to $1,102,270,791.
• Net assets per common share fell from $50.17 to $40.42.
• Shares outstanding increased from 26,243,903 to 27,269,884.

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

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

		June 30,		June 30,
		2022		2021
Net assets per common share		$40.42		$50.17
Net assets		$1,102,270,791		$1,316,660,037
Shares outstanding		27,269,884		26,243,903

Additional details are available at www.centralsecurities.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220805005004/en/

Central Securities Corporation

Marlene A. Krumholz, Secretary

212-698-2020

Source: Central Securities Corporation

FAQ

What were Central Securities Corporation's net assets as of June 30, 2022?

As of June 30, 2022, Central Securities Corporation's net assets were $1,102,270,791.

How did net assets per share change for CET in 2022?

Net assets per common share for CET decreased from $50.17 in 2021 to $40.42 in 2022.

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

As of June 30, 2022, CET had 27,269,884 shares outstanding.