Central Securities Corporation:CET

    Manage Alerts

    Overview

    As of 2/3/2023

     Share
    Price
    NAVPremium/
    Discount
    Current$35.94$42.87-16.17%
    52 Wk Avg$36.91$43.13-14.47%
    52 Wk High$42.97$48.29-9.77%
    52 Wk Low$33.01$39.71-20.41%
    Regular Distribution TypeIncome Only
    Distribution Rate12.52%
    Distribution Amount$2.2500
    Distribution FrequencySemi-Annually
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Companys primary investment objective is growth of capital. The Fund invests primarily in common stocks, but it may invest in bonds, convertible bonds, preferred stocks, convertible preferred stocks, warrants, options real estate, or short-term obligations of governments, banks and corporations. The Company, from time to time, invests in securities, the resale of which is restricted. The Company invests in various sectors, including insurance, electronics, manufacturing, energy, business services, banking and finance, information technology services, chemicals, communications, energy, healthcare and retail trade.

    Capital Structure

    As of 2/3/2023

    Total Investment Exposure:$1,169.060M
    Total Common Assets:$1,169.060M
    Common Shares Outstanding:27,269,884
    Leverage

    As of 6/30/2011

    Preferred Share Assets:
    Total Debt (USD): $2.000M
    Regulatory Leverage (USD): $2.000M
    Effective Leverage (USD): $2.000M
    Effective Leverage (%): 0.32%
    Annual Expense Ratios

    As of 12/31/2022

      Per Common Share
    Management FeesN/A
    Other Expenses:0.66%
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 0.66%
    Fund Management

    Fund Sponsor
    Central Securities Corp

    Portfolio Managers
    Wilmot H. Kidd, John C. Hill, Andrew J O’Neill

    Basics
    Category: Equity-U.S. Equity
    Ticker: CET
    NAV Ticker: XCETX
    Average Daily Volume (shares): 20,846
    Average Daily Volume (USD): $0.773M
    Inception Date: 7/28/1980
    Inception Share Price: $10.00
    Inception NAV: $0.00
    Tender Offer: No
    Term: No
    Fiscal Year End: December 31
    Third Party Links & Reports

    Distributions

    As of 2/3/2023

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 6/30/2022
    $0.4636
    Annualized Distribution Rate on NAV:
    As of 2/3/2023
    10.50%
    Total Return on NAV (12 months):
    As of 2/3/2023
    -4.63%
    Total % Portfolio Effectively Leveraged:
    As of 2/3/2023
    0.32%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 2/3/2023

    PeriodAvg Discount
    6 Month-15.54%
    1 Year-14.47%
    3 Year-16.01%
    5 Year-16.28%
    Z-Score

    As of 2/3/2023

    PeriodZStat
    3 Month0.02
    6 Month-0.40
    1 Year-0.89
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 1/31/2023
    Category: Morningstar US CEF US Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD6.17%4.99%7.76%7.57%
    2022-19.86%-12.25%-20.28%-16.72%
    202148.88%33.10%31.33%22.95%
    20204.38%7.61%8.80%9.76%
    201939.06%32.66%32.25%27.32%
    2018-4.42%-4.46%-11.89%-10.13%
    201730.57%25.01%22.72%19.06%
    201620.09%19.85%13.79%12.38%
    2015-4.46%-2.59%-7.45%-6.29%
    20149.27%4.37%24.05%7.38%
    201328.05%24.84%37.23%30.01%
    20122.42%2.17%16.19%14.79%
    2011-2.45%-0.52%-2.63%-1.36%
    201027.65%21.00%  
    200929.66%29.41%  
    2008-38.17%-33.56%  
    20079.92%8.32%  
    200621.85%17.08%  
    200513.06%12.37%  
    200415.90%14.32%  
    200337.30%37.82%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 1/31/2023
    Category: Morningstar US CEF US Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Maturity:
    As of 9/30/2022
    0.12 yrs
    Number of Holdings:
    As of 9/30/2022
    31
    Annual Portfolio Turnover:
    As of 12/31/2022
    11.93%
    Asset Allocation

    As of 9/30/2022

    Top Sectors

    As of 9/30/2022

    Sector%Portfolio
    Sensitive (Super Sector)34.91%
    Cyclical (Super Sector)27.58%
    Financial Services20.94%
    Technology19.86%
    Communication Services5.79%
    Defensive (Super Sector)5.57%
    Healthcare5.57%
    Energy4.89%
    Industrials4.37%
    Real Estate3.44%
    Top Holdings

    As of 9/30/2022

    HoldingValue% Portfolio
    Plymouth Rock Co$258.66M24.40%
    Analog Devices Inc$62.01M5.85%
    Motorola Solutions Inc$55.99M5.28%
    Progressive Corp$50.55M4.77%
    Hess Corp$50.14M4.73%
    Alphabet Inc Class A$47.83M4.51%
    Charles Schwab Corp$43.12M4.07%
    Aon PLC Class A$40.18M3.79%
    United States Treasury Bills$39.97M3.77%
    United States Treasury Bills$39.97M3.77%
    Credit Quality

    As of 9/30/2022

    Country Allocation

    As of 9/30/2022

    Country% Portfolio
    United States - Equity90.46%
    Switzerland - Equity1.15%
    Brazil - Equity0.86%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    EWB-2036301PR-E0222X