Central Securities Corporation Announces Reinvestment Price of Shares for Distribution Payable December 20, 2024

Central Securities (NYSE American: CET) has announced the reinvestment price for its upcoming distribution.

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12/04/2024 - 04:55 PM EST

NEW YORK--(BUSINESS WIRE)-- Central Securities Corporation (NYSE American: CET) announced today that the price at which Common Stock will be issued in payment of the $2.05 per share distribution payable on December 20, 2024 is $47.41 per share. This price is the arithmetic average of the daily volume weighted average price (“VWAP”) of the Corporation’s Common Stock for each of the last three trading days ending on and including December 4, 2024, rounded to two decimal places. The distribution was previously announced on November 5, 2024 and is payable to shareholders of record on November 15, 2024.

Of the $2.05 per share to be paid, $0.53 is expected to be taxable as ordinary income and $1.52 is expected to be taxable as long-term capital gain. Tax treatment will be the same whether the distribution is received in stock or cash. The final tax breakdown of all amounts paid during 2024 will be available after year end.