Central Securities Declares $3 Per Share Distribution Payable in Stock With Cash Option
Bitget2026/11/04 21:45- Central Securities declared a $3-per-share distribution on its Common Stock, payable in additional shares unless shareholders elect cash.
- Payment is due December 18, 2026, to shareholders of record November 16; cash elections close December 2.
- Reinvestment pricing uses the lower of December 2 net asset value or market value; fractional shares receive cash.
- Market value averages daily volume-weighted average prices over the three trading days through December 2, rounded to two decimal places.
- Expected tax treatment is $1.39 per share as ordinary income, $1.61 as long-term capital gain, whether received in stock or cash.
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