Central Securities Corp (CET)

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Central Securities Corporation was organized on October 1, 1929, and has operated as a closed-end management investment company since its incorporation. It is the policy of Central Securities to operate as a non-diversified investment company.

Our Common Stock is traded on the NYSE MKT under the symbol CET.

We invest primarily in common stocks, but we may invest in bonds, convertible bonds, preferred stocks, convertible preferred stocks, warrants, options real estate, or short-term obligations of governments, banks and corporations. From time to time we invest in securities the resale of which is restricted. Our primary investment objective is growth of capital. Income received from securities is a secondary consideration. It is our policy not to restrict ourselves as to the types of securities in which we invest or as to the proportion of the value of the Corporation's assets invested in any class of securities. Central Securities has been managed by Wilmot H. Kidd since 1973.

The net asset value ("NAV") is calculated every Friday and is reported every Monday in the Wall Street Journal under the heading "Closed End Funds". The NAV and closing market price, updated weekly, may also be found on this website.

Central Securities' dividend and distribution policy is to pay out substantially all net investment income and realized capital gains. The amount of our dividends and distributions may vary significantly from year to year.

It has been the Corporation's policy to make two payments to holders of Common Stock each year. A smaller cash payment is generally made at mid-year, and a distribution consisting primarily of realized capital gains is made at year-end when available. Stockholders have been given the opportunity of receiving the year-end distribution either in additional shares of stock or in cash, at their election.