Central Securities Corporation (NYSE: CET) is a closed‐end management investment company that seeks long‐term growth of capital and current income through a diversified portfolio of equity and convertible securities. Founded in 1922, the firm has maintained a permanent capital structure designed to provide investors with exposure to common stocks while allowing management the flexibility to pursue market opportunities across market cycles. Headquartered in New York, Central Securities trades on the NYSE, offering shareholders liquidity alongside professional management expertise.
The company’s investment strategy emphasizes bottom‐up fundamental research, aiming to identify undervalued or high‐quality businesses that exhibit strong growth prospects and durable competitive advantages. While equity securities typically constitute the majority of the portfolio, the investment team may also allocate to convertibles, preferred stocks, and other equity‐related instruments to enhance total return. Central Securities employs leverage within conservative limits to potentially boost returns, subject to ongoing risk assessment and stress‐testing procedures.
Although its primary focus is on U.S. corporations across a broad range of industries—including consumer discretionary, financial services, technology, and healthcare— Central Securities may opportunistically invest in international issuers when attractive valuations and growth dynamics align with its investment objectives. The company’s diversified approach aims to balance risk and reward, smoothing volatility in various market environments while seeking to deliver competitive long‐term results for shareholders.
Governed by an independent board of directors and managed internally, Central Securities is led by seasoned investment professionals with decades of experience in equity analysis and portfolio management. The senior team is supported by a dedicated research staff that conducts in‐depth company visits, industry assessments, and macroeconomic analysis. As a registered investment company under the Investment Company Act of 1940, Central Securities adheres to stringent regulatory standards and transparent reporting practices to serve the best interests of its investors.
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