Central Securities Corporation Announces Reinvestment Price of Shares for Distribution Payable December 21, 2023
December 05 2023 - 5:05PM
Business Wire
Central Securities Corporation (NYSE American: CET) announced
today that the price at which Common Stock will be issued in
payment of the $1.65 per share distribution payable on December 21,
2023 is $36.80 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 5, 2023, rounded to two decimal
places. The distribution was previously announced on November 3,
2023 and is payable to shareholders of record on November 13,
2023.
Of the $1.65 per share to be paid, $0.45 is expected to be
taxable as ordinary income and $1.20 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 2023 will be available after year
end.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231205141749/en/
Central Securities Corporation Marlene A. Krumholz, Secretary
(212) 698-2020
Central Securities (AMEX:CET)
Historical Stock Chart
From Apr 2024 to May 2024
Central Securities (AMEX:CET)
Historical Stock Chart
From May 2023 to May 2024
