Central Securities Corporation Releases Report to Stockholders

Rhea-AI Summary

Central Securities Corporation (NYSE American: CET) reported its quarterly results for the period ending March 31, 2022. Key metrics show an increase in net assets per common share to $47.94 from $44.99 a year prior. Total net assets rose to $1,307,234,999, compared to $1,180,829,973 in the same quarter last year. Additionally, the number of shares outstanding increased to 27,269,884 from 26,243,903.

Positive

• Net assets per common share increased to $47.94 from $44.99 year-over-year.
• Total net assets grew to $1,307,234,999 compared to $1,180,829,973 last year.
• Shares outstanding rose to 27,269,884 from 26,243,903.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Central Securities Corporation (NYSE American: CET), a closed-end investment company, today released its Report to Stockholders for the three months ended March 31, 2022.

Figures as of March 31, 2022 compared with those of one year ago, are as follows:

		March 31,		March 31,
		2022		2021
Net assets per common share		$47.94		$44.99
Net assets		$1,307,234,999		$1,180,829,973
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/20220502005847/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 March 31, 2022?

As of March 31, 2022, Central Securities Corporation reported net assets of $1,307,234,999.

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

The net assets per common share increased to $47.94 as of March 31, 2022, up from $44.99 a year earlier.

What is the total number of shares outstanding for CET as of March 31, 2022?

As of March 31, 2022, Central Securities Corporation had 27,269,884 shares outstanding.