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Central Securities Corporation Declares Year-End Distribution
NEW YORK, November 4, 2025—Central Securities Corporation (NYSE American:
CET), a closed-end investment company, today declared a distribution of $2.45 per share
on its Common Stock.
The dividend is payable December 19, 2025 to stockholders of record
November 14, 2025. The distribution will be paid in additional shares of stock unless
stockholders elect to receive the distribution in cash. The cut-off date for election of cash
is December 3, 2025 (the “Cut-Off Date”). Stockholders who own their shares in
brokerage accounts should make the election with their broker.
The number of additional shares to which a stockholder will be entitled if he
receives the distribution in stock will be computed as follows:
The number of shares held of record on November 14, 2025 will
be multiplied by $2.45. This amount will be divided by the Reinvestment
Price to determine the number of shares to be received. The Reinvestment
Price will be the lower of the Market Value (as defined below) or the net
asset value per share on the Cut-Off Date. Cash will be paid in lieu of
fractional shares.
The Market Value will be 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, the
Cut-Off Date, rounded to two decimal places.
Of the $2.45 per share to be paid, $0.81 is expected to be taxable as ordinary
income and $1.64 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 2025 will be available after year end.
Contact:
Central Securities Corporation
Marlene A. Krumholz, Secretary
(212) 698-2020
