Central Securities Sets $3 Year-End Distribution for Shareholders

Central Securities Corporation set a $3-per-share year-end distribution for its common stock on Nov. 4, with payment due Dec. 18 to holders on the Nov. 16 record date. The distribution will be paid in additional shares unless shareholders elect cash by Dec. 2. Holders with brokerage accounts should submit their cash election through their broker. The record date determines which shareholders qualify for the payment. For a stock payment, the company will multiply the number of shares a holder owned on the record date by $3, then divide that amount by the reinvestment price.

Source: TokenPost