Central Securities Corporation Releases Report to Stockholders

Rhea-AI Summary

Central Securities Corporation (NYSE American: CET) reported significant growth in its financial metrics for the six months ended June 30, 2021. The company's net assets surged to $1.32 billion, up from $908.36 million the previous year. The net assets per common share rose to $50.17, compared to $35.23 in 2020. Additionally, the shares outstanding increased slightly to 26,243,903 from 25,787,110 a year ago, indicating a positive trend in shareholder value.

Positive

• Net assets increased to $1.32 billion from $908.36 million year-over-year.
• Net assets per common share rose to $50.17 from $35.23.
• Shares outstanding grew slightly, indicating a stable shareholder base.

Negative

• None.

Central Securities Corporation (NYSE American: CET), a closed-end investment company, today released its Report to Stockholders for the six months ended June 30, 2021.

Figures as of June 30, 2021 compared with those of one year ago, are as follows:

			June 30,			June 30,
			2021			2020
Net assets per common share			$50.17			$35.23
Net assets			$1,316,660,037			$908,358,668
Shares outstanding			26,243,903			25,787,110

Additional details are available at www.centralsecurities.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210806005444/en/

FAQ

What are the net assets for CET as of June 30, 2021?

As of June 30, 2021, Central Securities Corporation (CET) reported net assets of $1.32 billion.

How much did net assets per common share increase for CET?

Net assets per common share for CET increased to $50.17 as of June 30, 2021, up from $35.23 in 2020.

What was the number of shares outstanding for CET as of June 30, 2021?

CET had 26,243,903 shares outstanding as of June 30, 2021.