Central Securities

Central Securities is a financial firm that provides investment and consulting services for various clients.

Central Securities is an equities closed-end fund. The vehicle compares very favorably with other 'golden standard' equity CEFs, namely Liberty All-Star Equity Fund and Eaton Vance Enhanced Equity Income Fund.

CET: Continuing To Do What It Is Supposed To

BlackRock Utilities Infrastructure & Power Opportunities Trust

Eaton Vance Risk-Managed Diversified Equity Income Fund

Barings Corporate Investors

abrdn Life Sciences Investors 

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds are generally characterized by higher volatility and deeper drawdowns than the broad market. For these reasons, they are not suited for everyone.

5 Best CEFs To Buy This Month (January 2023)

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Eaton Vance Enhanced Equity Income Fund II

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Cohen & Steers Quality Income Realty Fund

Presenting our 2022 year-end review of our 8% Income Portfolio. This high-income portfolio earned over $29,000 in distributions (including year-end special distributions) amounting to over 14% yield-on-cost basis.

The 8% Income Portfolio: 2022 Year-End Review

PARIS--( BUSINESS WIRE )--Regulatory News:

Acquisition of Derichebourg Multiservices: Elior Accelerates Its Turnaround

Virtus AllianzGI Diversified Income & Convertible Fund

BlackRock Resources & Commodities Strategy Trust

5 Best CEFs To Buy This Month (December 2022)

NEW YORK--( BUSINESS WIRE )--Central Securities Corporation (NYSE American: CET) announced today that the price at which Common Stock will be issued in payment of the $2.25 per share distribution payable on December 22, 2022 is $35.36 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 1, 2022, rounded to two decimal places. The distribution was previously announced on November 3, 2022 and is payable to shareholders of record on November 14, 2022.

Central Securities Corporation Announces Reinvestment Price of Shares for Distribution Payable December 22, 2022

The Central Securities (CET) Closed-End-Fund holds under 30 stocks, with 22% in a private company.  That concentration, of course, adds risk. The well-known SPDR S&P 500 Trust ETF (SPY) is the bedrock for many investors in the Large-Cap U.S. equity space.

Central Securities CEF Outperforming The SPY ETF

Icahn Enterprises

If there's a silver lining to be found in the current inflationary environment, it is that Social Security beneficiaries will, in 2023, receive a record cost-of-living adjustment of 8.7%. The adjustment will result in an average of $140 more per month for qualifying people who collect Social Security benefits.

3 Stocks to Buy With Your Social Security Increase

Corebridge Financial Inc

Equus Total Return

Great Elm Capital

Hennessy Advisors

Investcorp Credit Management BDC Inc

OFS Capital

PhenixFIN

Prospect Capital

Ashford

When it comes to stock selection, one factor investors may want to consider is insider ownership.

These Are 10 Asset Management Companies With Over 20% Insider Ownership

NEW YORK--(BUSINESS WIRE)--Central Securities Corporation (NYSE American: CET), a closed-end investment company, today released its Annual Report to Stockholders for the year ended December 31, 2021. Figures as of December 31, 2021, compared with those of one year ago, are as follows:   December 31,   December 31,   2021   2020   Net assets per common share $48.87   $39.49 Net assets $1,332,590,581   $1,036,336,494 Shares outstanding 27,266,384   26,240,403 Additional details are available at w

Central Securities Corporation Releases Annual Report to Stockholders for the Year Ended December 31, 2021

Imagine a fund that's beaten the Oracle of Omaha himself, Warren Buffett, for years and, unlike Berkshire Hathaway﻿, pays a whopping 9% dividend!

This Ignored Fund Beat Buffett (While Yielding 9%)

CET is a fund that focuses mainly on equity with the primary objective of the fund being capital growth.

CET: An Old-School Closed End Fund

NEW YORK--(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 w

Central Securities Corporation Announces Reinvestment Price of Shares for Distribution Payable December 22, 2021

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Gabelli Go Awhr Registered Shs

Guggenheim Enhanced Equity Income Fund

Gabelli Utility Trust

Highland Income Fund

Western Asset Investment Grade Defined Opportunity Trust

Nuveen Diversified Dividend And Income Fund

Nuveen Tax-Advantaged Total Return Strategy Fund

Nuveen Tax-Advantaged Dividend Growth Fund

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Mexico Equity & Income Fund Inc

Nuveen Municipal Value Fund Inc

15 out of 24 CEF sectors positive on price and 6 out of 24 sectors positive on NAV last week. PCF and RIV rights offering results.

Weekly Closed-End Fund Roundup: PCF, RIV Rights Offering Results, Guggenheim Mergers Completed (November 14, 2021)

CET is one of the oldest US closed-end funds with an inception date in 1929. The fund has low expenses and an outstanding 25-year performance record.

CET: Solid Fund Available At A 16% Discount

NEW YORK--(BUSINESS WIRE)--At a Board of Directors meeting today, Wilmot H. Kidd announced that he will step down as Chief Executive Officer of Central Securities Corporation (NYSE American: CET) (the “Corporation”) as of December 31, 2021. He will continue to serve the Corporation as Chairman of the Board of Directors. Mr. Kidd expressed his appreciation for the support of his dedicated board and staff during his long tenure with the Corporation. Mr. Kidd joined Central as a director in 1972 a

John C. Hill Elected Chief Executive Officer of Central Securities Corporation Effective January 1, 2022; Wilmot Kidd to Continue as Chairman

CET has a current yield of around 7.7%, which is very attractive if the dividend can be sustained. I continue a series where I examine CEFs beyond the yield, with a look at CET which has been around since 1929.

Evaluating CEFs: CET Turning Capital Gains Into Income

NEW YORK--(BUSINESS WIRE)--Central Securities Corporation (NYSE American: CET), a closed-end investment company, today released its Annual Report to Stockholders for the year ended December 31, 2020. Figures as of December 31, 2020, compared with those of one year ago, are as follows:     December 31, December 31,     2020 2019         Net assets per common share   $39.49 $38.42 Net assets   $1,036,336,494 $994,595,051 Shares outstanding   26,240,403 25,889,242 Additional details are available

Central Securities Corporation Releases Annual Report to Stockholders for the Year Ended December 31, 2020

NEW YORK--(BUSINESS WIRE)--Central Securities Corporation (NYSE American: CET) announced today that the price at which Common Stock will be issued in payment of the $1.50 per share distribution payable on December 22, 2020 is $30.95 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 3, 2020, rounded to two decimal places. The distribution wa

Central Securities Corporation Announces Reinvestment Price of Shares for Distribution Payable December 22, 2020

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For income investors, closed-end funds are an attractive investment class that covers a variety of asset classes and promises high distributions and a reasonable total return. The market downturn earlier this year exposed the risk of high volatility and deep drawdowns with investing in closed-end funds. Obviously, they are not suited for everyone.

5 Best CEFs To Buy This Month (November 2020)

Graham Holdings

MetLife

Mohawk Industries

When I formed my investment firm in 1999, I incorporated the word "Graham" in our toll-free number.

News for Central Securities ETF (CET)