Central Securities Corporation Announces Reinvestment Price of Shares for Distribution Payable December 22, 2021
December 02 2021 - 5:34PM
Business Wire
Central Securities Corporation (NYSE American: CET) announced
today that the price at which Common Stock will be issued in
payment of the $3.55 per share distribution payable on December 22,
2021, is $40.05 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 2, 2021, rounded to two decimal
places. The distribution was previously announced on November 3,
2021, and is payable to shareholders of record on November 15,
2021.
Of the $3.55 per share to be paid, $0.87 is expected to be
taxable as ordinary income (of which $0.064 per share is short-term
capital gain) and $2.68 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 2021 will be available after year
end.
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version on businesswire.com: https://www.businesswire.com/news/home/20211202005995/en/
Central Securities Corporation Marlene A. Krumholz, Secretary
(212) 698-2020
Central Securities (AMEX:CET)
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