Central Securities Corporation (NYSE MKT:CET) announced today that the
price at which Common Stock will be issued in payment of the $1.78 per
share distribution payable on December 22, 2015 is $19.64 per share.
This price is the arithmetic average of the daily volume weighted
average price (“VWAP”) of the Corporation’s Common Stock for each
trading day during the three-day period ending on, and including,
December 3, 2015, rounded to two decimal places. The distribution was
previously announced on November 4, 2015 and is payable to shareholders
of record on November 17, 2015.
Of the $1.78 per share to be paid, $0.09 will be taxable as ordinary
income and $1.69 will 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 2015 will be
available after year end.
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